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Govt facilitated manipulators during sugar crisis: NA body
ISLAMABAD: The ministries of commerce and industries have told the National Assembly Standing Committee on Commerce they cancelled the Trading Corporation of Pakistan’s third tender for import of 50,000 tons of sugar for building strategic reserve....
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Rupee at lowest this year
KARACHI: The Pakistani rupee ended on Monday at its lowest close this year at 84.30/35 to the dollar, compared with Saturday’s close of 84.06/11 because of import payments, especially for oil, dealers said. The rupee was expected to remain....
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Inflation gaining momentum, touches 10pc
ISLAMABAD: Inflation is slowly but steadily climbing up as the Sensitive Price Index (SPI) covering 53 daily-use kitchen items for the week ended on December 10 rose by 10.62 per cent compared with the corresponding week of last fiscal year. ....
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KSE gains 242 points on Dubai bailout announcement
KARACHI: The Abu Dhabi government’s announcement that it would bail its fellow emirate Dubai out of the financial trouble boosted confidence among local participants on the Karachi bourse on Monday. The market, therefore, increased by abou....
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ECC to discuss gas supply to rental power plants
ISLAMABAD: The Economic Coordination Committee (ECC) of the cabinet, which is meeting on Tuesday with Finance Minister Shaukat Tarin in the chair, will take up the issue of gas supply to rental power plants, declaring auto-disable syringe manufacturi....