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Majority stake in PIA: not yet bidders, clarifies Arif Habib Corp
Karachi: Arif Habib Corporation Limited clarified that submitting an expression of interest as well as Statement of Qualification (SOQ) for purchase of majority stake in Pakistan International Airlines (PIA) does not imply that it has become bi...
Gold price per tola unchanged
KARACHI: After witnessing back-to-back decline, gold prices remained unchanged. In local market, gold price per tola stood at Rs 239,200. Ten gram gold was sold at Rs 205,075, according to rates shared by All Pakistan Gems and Jewellers Sarafa Associ...
PSO proposes swapping debt for stake in public sector companies
KARACHI: Pakistan State Oil (PSO), said it is in talks with government on plan to acquire stakes in public sector energy companies and offset mounting debt it is owed by firms such as national airline. Stopping pile-up of unresolved debt acros...
KSE-100 inches up 56pts in range-bound trading
Karachi: Pakistan Stock Exchange (PSX)’s benchmark KSE-100 Index closed marginally higher in range-bound trading session. At close, index settled at 72,658.05, up by 56.24 points or 0.08 percent. Volume on all-share index decreased to 674.98 mi...
Traders body warns of protest against Tajir Dost tax scheme
Karachi: All Pakistan Traders Association threatened to protest against Tajir Dost tax scheme launched by government to bring 3.5 million retailers into tax net. President All Pakistan Traders Association Ajmal Baloch vowed to protest across c...
Zardari for broadening economic, cultural ties with Uzbekistan
ISLAMABAD: President Asif Ali Zardari called for further broadening bilateral cooperation with Uzbekistan in trade, economy, culture and tourism. Talking to Foreign Minister of Uzbekistan Bakhtiyor Saidov, who called on him at Aiwan-e-Sadr, Zar...
Pakistan keen to cement economic ties with Qatar: PM
ISLAMABAD: Prime Minister Shehbaz Sharif said that Pakistan was keen to transform its excellent ties with Qatar into mutually beneficial robust economic partnership. In meeting with Minister of State for Foreign Affairs of Qatar Mohammed bin Abdulaz...
Fertilizer coms not to be allowed to take undue profit: Rana Tanveer
ISLAMABAD: Minister for Industries and Production Rana Tanveer Hussain said that fertilizer companies must not be allowed to take undue profit. Steps should be taken to ensure uniform price of urea fertilizer across country for convenience of...
Minister holds crucial meeting with ‘Fruit Juice Council’
ISLAMABAD: Minister for Commerce Jam Kamal Khan convened pivotal meeting with Fruit Juice Council at Ministry of Commerce. Council, represented by industry leaders, provided an extensive briefing to Minister, highlighting pressing concerns reg...
Pakistan, WB agree to CPF for reforms, development
ISLAMABAD: Pakistan and World Bank agreed to collaborate on new, robust and ambitious Country Partnership Framework (CPF) to carry forward country’s reform and development agenda. Agreement was reached during meeting between Prime Minist...
