Business

Business

Stocks finish weekend session on a bearish note

Stocks continued to slide, with the KSE-100 index down by 35.06 points to close the shortened Friday session at 29,318.06.…

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HBFCL, ZTBL in the red

Making an addition to the loss making state-owned entities, the government on Friday officially confirmed that two major financial institutions…

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Bulgaria to allow its fourth-biggest bank to collapse

Bulgaria is to allow its fourth-biggest lender to collapse as it moves to clear up the mess from the country’s…

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Federal Ombudsman directs Utilitities to fix due date for 7th day instead of last dates of the month

The Federal Ombudsman (Wafaqi Mohtasib) directed the public utility companies operating in Pakistan to fix the due date for consumers…

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Industry seeks cuts in interest rate

SITE Associa­tion of Industry (SAI) has urged the State Bank of Pakistan to bring down the interest rate to at…

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Dar rejects Mari Petroleum price restructuring plan

Finance Minister Ishaq Dar on Thursday declined a gas price restructuring plan for Mari Petroleum Company Limited (MPCL) which could…

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SBP praises govt’s economic performance

The country’s economy appears to have turned the corner. The State Bank says that after several years of low growth,…

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Record $15.8bn remittances in 2013-14: Forign Reserves rise to $14.6 Billion

KARACHI: The country received a record $15.83 billion in remittances from overseas Pakistanis in fiscal year 2013-14, an increase of…

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Iraq crisis looms on Indian budget

Indian Finance Minister Arun Jaitley said on Thursday he was keeping an eye on the impact of the Iraq crisis…

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