Business

Business

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…

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PSO profit soars 73pc

Pakistan State Oil Company (PSO) yesterday unveiled accounts for the year ended June 30, 2014, showing 73 per cent growth…

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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…

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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…

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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…

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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…

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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…

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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.…

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“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…

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