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52-paisa increase in power tariff: Nepra notified

Advertisements ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) today informed 52-paisa per unit hike in power tariff. Advertisements They on their part have also pulled out subsidy on electricity by Rs 1.50 per unit that would cost the consumers by about Rs 27 billion in a year. It is …

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PM endorsed reduction petition in petroleum up to Rs14.68

ISLAMABAD: Prime Minister Nawaz Sharif on Friday has approved the proposal for reduction in petroleum prizes up to Rs14 which will be affected from 12 am Nov 1. According to the reports, after falling of the petroleum prices in global market, PM Nawaz Sharif has approved the reduction in petroleum …

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Microsoft is all set to launch its smartwatch

NEW YORK: Microsoft Corp. is getting ready to commence a smartwatch within next few weeks that will passively track the user’s heat rate and operate across different mobile platforms, Forbes reported on Sunday. The wearable gadget’s battery life span will exceed two days of regular use, Forbes reported, citing that …

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PIA is expected to be divided into two

Pakistan plans to split ailing national flag carrier PIA into two companies and sell control of the core business to a global airline over the next 18 months, but political opposition to the sell-off will be extreme, the country’s privatization czar said. Financial advisers are now in talks with quite …

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IMF names Pakistanis to be the most dominant

KARACHI: The International Monetary Fund (IMF) has named a Pakistani-American as one of 25 young economists who are expected to be most high-ranking in the decades to come. In its September edition of Finance and Development, a quarterly publication of the IMF, the Washington-based lender has named 39-year-old Atif Mian, …

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Inflation is the enormous issue of the country: Survey report

ISLAMABAD: Carried by Gallup Pakistan, the Gillani Research Foundation Survey said that 41% Pakistanis opine that inflation is the major problem of Pakistan at the moment. A nationally representative specimen of adult men and women, from across the four provinces was asked: “In your opinion, what is the biggest problem …

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SBP interpolates Rs19.7 billion into banking system

KARACHI: The State Bank of Pakistan (SBP) injected liquidity of Rs19.7 into the banking system on Friday. A data, released by the SBP’s Domestic Markets and Monetary Management Department, said that the central bank conducted an open market operation (Injection), which resulted in an offered amount of Rs24.7 billion and …

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Stock market touches new heights by increase of 900 points

Just after the next day when government ordered to register FIR against 21 persons including Prime Minister Nawaz Sharif and Chief Minister Punjab Shahbaz Sharif, the 100 index of the  Karachi Stock Exchange (KSE) sees an increase of 900 points. The market was losing the confidence of investor as it …

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Dollar reaches six month high against rupee

An increase of 63 Paisa in the US dollar against Pakistani rupee has been recorded in the inter-bank market on Monday which made it worth Rs 103.30. While the 100 index of the Karachi Stock Exchange (KSE) has seen decline of 220 points in its morning session leveling at 28,650. …

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KSE drops 1300 points over the prevailing political crisis

The Karachi Stock Exchange 100 index drops by more than 1300 points (4.49 per cent) on Monday over the law and order situation and prevailing political crisis which caused investors to withdraw their deposit. Investors lost their confidence over the political instability and emerging threats of riots in the country …

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Another 293 points happened to fall in Stock market

KARACHI: Bears were on rampage at the stock market on Wednesday with the KSE-100 index declining by 293.44 points or 1pc to settle at 29,282.97. Baffling investors, bothered over the storm clouds gathering on the political horizon, began to sell-off just as the market opened. Individuals gained profit by selling …

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Gas reserves uncovered in Sanghar

ISLAMABAD: New reserves of gas and condensate have been discovered in Sindh’s Sanghar district. The announcement made by the stat-run Pakistan Petroleum Limited (PPL) on Monday after regulatory approval by the federal government. The PPL, operator of Block 2568-18 (Gambat South) in Sanghar district with 64 per cent working interest, …

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IMF predicts 13% fall in Pakistani rupee

ISLAMABAD: It is stated by the International Monetary Fund that the rupee-dollar parity at Rs113.7 to a dollar while anticipating for the current fiscal year – a rate that implies over 13% depreciation of the Pak rupee against the greenback. Though the Washington based lender has not conspicuously stated the …

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Facebook’s mounting Profits propelled by Mobile ads

SAN FRANCISCO: Once again a dazzled in Wall Street made by Facebook on Wednesday with a considerable growth in generating profits in the second quarter of the year mostly receiving from mobile add displayed on the Facebook. Celebrating, the shareholders sent the stock of the company to a record high …

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