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Oil edges up on Iran, but posts 4th weekly loss
May. 26 | US consumer sentiment rose in May to its highest in more than four years, the Thomson Reuters/University of Michigan final reading for the month said. The bigger-than-expected increase added support for oil prices. – File photo NEW YORK: Oil prices...
Samsung Galaxy S III review
May. 26 | It’s a strange feeling, receiving such a keenly anticipated phone to review. The hubbub of launch events, hands-on previews and heated debates suddenly dies away, leaving you with one small and intensely silent cardboard box. In this instance, the packaging...
LPG price up by Rs 5-6 per kg
May. 25 | Karachi: Marketing companies of liquefied petroleum gas (LPG) have increased prices by Rs 5-6 per kilo after the depletion of 3,000 tons LPG surplus reserve in the country. This was stated by the Pattern-in-Chief of All Pakistan LPG Distributors...
PTCL Loses 6-Year Old Legal Battle Against PTA, LDI Operators
May. 25 | Islamabad: PTCL has lost a long-standing legal battle against PTA as the Islamabad High Court issued ruling in the favor of authority’s decision which was challenged later on. The high court dismissed PTCL’s appeal on the PTA’s determination over...
SBP injects Rs 27.450 billion in reverse repo
May. 21 | The State bank of Pakistan.—File Photo KARACHI: State Bank of Pakistan in its reverse repo open market operation in treasury bills and Pakistan Investment Bonds has injected Rs 27.450 billion in the banking system. According to SBP here Monday, the...
Yahoo! selling its half stake in Alibaba for $7.1bn
May. 21 | Shanghai:Yahoo! is all set to sell half of its share in Alibaba back to Alibaba Group in a bid to get a lifeline for its declining businesses at a cost of $7.1 billion. According to the deal Alibaba Group will buy half of its 40 percent stake back from...
MCB, LUMS sign MoU to extend cooperation
May. 19 | Lahore: MCB Bank has extended its supports to Lahore University of Management Sciences (LUMS) for providing soft loans to professionals of MBA and Executive MBA students of the Suleman Dawood School of Business (SDSB). The commercial loan facility will...
Nation’s Pride: NBP leads in agriculture financing
May. 19 | Karachi: National Bank of Pakistan (NBP) is leading in agriculture financing among other banks and financial institutions in the country by lending Rs 33.013 billion among nearly 176,372 farmers from July 2011 to March 2012, surpassing its target of...
Stocks tumble; KSE-100 sheds over 200 points
May. 18 | The Karachi Stock Exchange (KSE) benchmark 100-share index ended 1.46 per cent, or 205.3 points, lower at 13,857.78 on volume of 129.29 million shares, compared to Thursday’s close of 14,063.08. – Reuters (File Photo) ISLAMABAD: Pakistan stocks...
