Business

Business

Kenya central bank says in the market to mop up 20bn shillings to control excess liquidity

Kenya's central bank said on Monday it was seeking to mop up 20 billion shillings ($224.77 million) of excess liquidity…

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$7bn debt servicing a challenge to economy

External debt servicing rose to an alarmingly high level as it reached close to $7 billion in FY14 which is…

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ADB extends support to deal with natural disasters

The Asian Development Bank (ADB) yesterday offered its expertise to Pakistan to deal with natural calamities. During a meeting with…

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Tuwairqi Steel Mills ltd.offers 7% equity to govt

Tuwairqi Steel Mills Limited (TSML) is ready to transfer seven per cent equity to the government as soon as the…

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Sukuk are new financial centre ‘status symbol’

Sukuk are the newest status symbol for leading international financial centres. Hong Kong is the latest city outside of the…

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Food prices drop to 5 year low: UN report

The price of food has dropped worldwide to an all-time, five year low, the UN agricultural agency reported. The Food…

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Falling oil price helps US economy

The drop in oil prices to their lowest in two years has caught many observers off guard, coming against a…

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Pakistan ranked ‘least efficient innovator’ throughout Asia by the ADB

A new ‘Creative Productivity Index’ (CPI) developed by the Asian Develop­ment Bank (ADB) and Economic Intelligence Unit (EIU) has ranked…

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Stocks cross 30,000-level once again

Thanks to Bulls led by foreign institutional investors, the KSE-100 index crossed the psychological barrier of 30,000 points, again, yesterday,…

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