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Pakistan’s Feb 2019 Current Deficit down by 72%

Finance Minister Asad Umar has claimed that current account deficit for February 2019 has declined by 72 per cent or $900 million against February last year.Finance Minister took to Twitter and [...]

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Interloop raises Rs5.032b at PSX

Interloop Limited on Thursday raised Rs5.02 billion at the Pakistan Stock Exchange (PSX) by selling 12.5% of its total shareholding to a variety of investors for Rs46.1 per share.This is the [...]

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Pakistan closer to Final Deal with IMF

Bureaucratic Finance Minister Asad Umar has implied that bailout bundle converses with the International Monetary Fund (IMF) are in their last stages and the administration will have further [...]

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Oversupply, floundering development to burden oil costs

Crude oil prices look likely to trade below $70 per barrel in 2019 as surplus production, much of it from the United States, and slowing economic growth undermine Opec-led efforts to shore up the [...]

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OGRA says, Storage capacity may go up to 600,000 MTs

The Oil and Gas Regulatory Authority (Ogra) has anticipated upgrade of oil based goods stockpiling limit in the nation to 600,000 metric tons in the following a few years. So as to draw in [...]

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Cement exports turn positive after long gap

In a positive sign for industry, which has been enduring because of consistent decrease in sends out for quite a while, the bond trades have enrolled an expansion of around 19 percent in February [...]

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PPL discovers hydrocarbons from Adhi South X-1 well

Pakistan Petroleum Limited (PPL) said on Friday that it has found hydrocarbons from the exploratory well of Adhi South X-1, in Adhi Mining Lease, as indicated by an organization notice to the [...]

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IT Sector is growing rapidly

Ministry of Information Technology and Telecommunication (MoITT) and its areas of expertise are immovably dedicated to give empowering condition to the business and boosting fares of the nation. [...]

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BYCO to set up two additional refineries

Byco Petroleum Pakistan Limited, while re-authorizing its oil refinery, has reported that it will set up two more refineries to profit by residential interest for oil based goods. Byco appointed [...]

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EFOODS Strategic Partnership With FrieslandCampina

Royal FrieslandCampina N.V. has signed a share purchase agreement with Engro Corporation to acquire 51 per cent of the shares in its subsidiary Engro Foods Limited, in partnership with the World [...]

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