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ISLAMABAD: The Economic Coordination Committee (ECC) has approved bailout package of Rs10 billion to pull Pakistan Steel Mills (PSM) out of the financial crisis.
In the ECC meeting held in Islamabad, Ministry of Industry and production approved the rescue package under which PSM will be provided Rs10 billion on the guarantee of government from National...
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KARACHI: Intense selling pressure kept the local bourse in red zone on Tuesday as KSE-100 index fell below 9,800 psychological level.
The benchmark-100 slipped 19 points to close the day at 9,778 points.
Market began on an optimistic note, led by expected $1.8bn funds from FoDP, sustained foreign inflows in equities and improvement on macro economic...
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PARIS: After a dismal 2008, world stock markets recorded a spectacular rebound in 2009 even though the economy was in crisis, but confidence had not been completely restored and there were fears for 2010.
In Frankfurt, the market ended the year 23 percent higher and in Paris it closed 22.32 percent up.
London registered a 22.07...
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TOKYO ABreaking News: Oil hit a four-week high above $ 78 a barrel on Monday, extending gains for a fourth day, and cold weather across the United States there are signs of economic recovery helped to raise the expectations of fuel demand.
Oil has risen about 13 percent of the 2-1/2-month low below $ 70...
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KARACHI: The stock prices at Karachi Stock Exchanged Thursday gained on the back of fresh buying which pushed the benchmark KSE-100 Index by 119 to 9,422.
The share market began with green numbers, reacting positively to the IMF’s approval to the fourth tranche of the loan.
The reports of permission to OGDCL, British Petroleum and MOL...
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LONDON: Oil prices climbed on Wednesday as traders awaited the latest official reading on energy inventories in the United States, the world’s biggest consumer.
New York’s main futures contract, light sweet crude for delivery in February, gained 26 cents to 74.66 dollars a barrel.
Brent North Sea crude for February won 19 cents to 73.65 dollars...
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KARACHI- Positive activity was witnessed at the local equity market during the current week as KSE-100 index crossed 9,109 points level.
The local bourse started off the week on a positive note, responding to Abu Dhabi $10bn bailout package for Dubai and the US Senate’s approval of US$1.5bn aid for Pakistan.
The Supreme Court’s verdict on...
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ISLAMABAD: To make Pakistan Railways a profitable organisation, the Ministry of Railways has prepared a PR Business Plan 2010-18, which would help to increase the revenue growth to 10 percent against the current growth of 4 percent, sources told Daily Times on Friday.
According to the plan, controlling repair and maintenance cost was expected to...
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Quadruple Witching : U.S. stock index futures are higher this morning. Standard & Poor’s 500 futures were up 2 points in pre-open trade. Better than expected quarterly earnings reports by Oracle, Research In Motion and Nike have contributed to the force.
Later in the day view Quadruple witching hour, and was the last day in...
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