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Posts Tagged ‘Business News’

Govt Remains Tight-fisted in Handouts to Provinces

Govt Remains Tight-fisted in Handouts to Provinces

Sunday, November 23, 2014 11:35

The government has squeezed payments to provinces made on account of their share in federal taxes, as it transferred just 18% of the annual commitments under the National Finance Commission (NFC) Award during the first quarter of the current fiscal year. [caption id="attachment_40284" align="alignright" width="384"]...

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Asian Shares Mixed After Wall St Losses

Asian Shares Mixed After Wall St Losses

Wednesday, July 9, 2014 12:01

Asian markets were mixed on Tuesday, after Wall Street retreated from record highs and US analysts warned that a recent equities rally could see a sharp reverse. [caption id="attachment_37962" align="alignright" width="360"] Asian Shares[/caption] Investors are hoping to ...

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IMF says Pakistan Refuses to Sell $2.7b Worth of Gold

IMF says Pakistan Refuses to Sell $2.7b Worth of Gold

Saturday, March 29, 2014 10:59

Pakistan has refused to sell gold worth $2.7 billion, citing national security reasons, as the International Monetary Fund (IMF) pushes Islamabad to convert the precious metal into cash to build foreign currency reserves, revealed the global lender’s report on Friday. [caption id="attachment_36399" align="alignright" width="368"]...

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Business Forum Results in New Deals Between Pak-China Firms

Business Forum Results in New Deals Between Pak-China Firms

Tuesday, March 25, 2014 10:36

Pakistan and China are all-weather friends and business forums help to strengthen their bond and transform it in to bigger projects like Gawadar and Karakoram Highway. [caption id="attachment_36271" align="alignnone" width="597"] Pak-China Business Forum[/caption] Chinese Deputy Ambassador Yao Wen stated ...

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Dollar Hits 2-week Low vs Euro on Weak

Dollar Hits 2-week Low vs Euro on Weak

Friday, February 14, 2014 11:35

The dollar fell on Thursday to a two-week low against the euro and slid against other major currencies, weakened by an unexpected fall in U.S. retail sales which helped sow concerns that economic growth could be slowing. [caption id="attachment_35549" align="alignnone" width="588"]...

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Pakistan Forex Reserves Rise to $8.526 Bln

Pakistan Forex Reserves Rise to $8.526 Bln

Monday, December 23, 2013 11:07

Pakistan's foreign exchange reserves rose to $8.526 billion in the week ending December 13 compared to $8.060 billion in the previous week, the central bank said. RESERVES            Week ending   Previous Week  Change/pct ($ billions)        ...

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Pakistan Current Account Deficit Widens to $1.2b (Dismal State)

Pakistan Current Account Deficit Widens to $1.2b (Dismal State)

Thursday, October 24, 2013 9:42

Pakistan’s current account deficit as opposed to a surplus of $439 million in the corresponding three-month period of last year, widened to $1.2 billion in the first quarter of fiscal 2014 (July-September), according to data released by the State Bank of Pakistan on Wednesday. [caption id="attachment_32995" align="alignright" width="384"]...

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G8 Leaders say Economic Prospects Remain Weak

G8 Leaders say Economic Prospects Remain Weak

Tuesday, June 18, 2013 9:24

Group of Eight leaders said on Monday that world economic prospects remained weak even though downside risks have lessened due partly to policy action taken in the United States, the euro zone and Japan. [caption id="attachment_31333" align="alignright" width="250"] ...

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Standard Chartered Set for Record $7 Billion Profit Despite Iran Fine

Standard Chartered Set for Record $7 Billion Profit Despite Iran Fine

Tuesday, March 5, 2013 11:03

Standard Chartered is set to report its 10th successive record annual profit on Tuesday after strong growth in its core Asian markets offset a big fine for breaking sanctions on Iran. [caption id="attachment_29594" align="alignright" width="288"] Standard Chartered[/caption]...

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Demand for Cars Grows But Choices Still Limited

Demand for Cars Grows But Choices Still Limited

Monday, September 10, 2012 9:18

The automobile industry is one of the most underdeveloped segments of the industrial sector in Pakistan. In fact, it has still not been able to progress from assembling to manufacturing. Despite a massive surge in car ownership as a result of financing options and lower duties the local ...

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