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Banks invest Rs196 billion in T-bills
Banks invested heavily in short-term treasury bills yesterday keeping in view the possibility of a change in the interest rate…
PSO profit soars 73pc
Pakistan State Oil Company (PSO) yesterday unveiled accounts for the year ended June 30, 2014, showing 73 per cent growth…
Corruption costs poor countries a mind boggling $1trillion a year
Corruption, fraud and money-laundering cost poor countries a total of $1.0 trillion a year, the anti-poverty organisation ONE said in…
Stocks add 335 points to overnight rally
Stocks rose further on Wednesday with the KSE-100 index posting gain of 335.26 points or 1.15 per cent to close…
Pakistan ranked 129th in global competitiveness index
Pakistan’s competitiveness among global economies has slightly improved to 129 out of 144 in rankings published yearly by the World…
India’s air force chief says 126 French made Rafale fighters deal close to finalisation
India´s air force chief has said conclusion of a $22 billion fighter jet deal with French company Dassault Aviation was…
Lucky Cement posts Rs11.34bn profit
Lucky Cement profit soared by 16.4 per cent to Rs11.344 billion during the first half ending June 30, 2014 as…
Gas flow begins from abandoned gas field
A gas field discovered in Balochistan in 1998 and abandoned for poor economics has started partial flows into the system.…
“Insider traders” face longer prison terms in US
NEW YORK: US judges are imposing increasingly long prison terms for insider trading, a Reuters analysis shows. The rise is…