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Eurozone economy booms at fastest rate in 15 years
BRUSSELS (AFP) - Business activity in the eurozone jumped at its fastest rate in 15 years this month, a closely watched survey said on Wednesday, as a reopened economy unleashed pent-up demand in Europe.
Economic data group IHS Markit…
Gas shortage denting Pakistan’s exports
The ongoing gas shortage issue in Sindh has become a headache for industrialists in Karachi, who are afraid that the situation could hamper their exports delivery, reported Arab News on Wednesday.
The current gas shortage situation in…
Asia extends gains as traders eye loose policies, upbeat outlook
HONG KONG (AFP) - Asian markets rose Wednesday to extend a global rally, as fresh pledges on monetary policy by the Federal Reserve reassured investors who had been rattled last week by the bank’s forecasts of an earlier-than-flagged…
Govt wants domestic oil refineries to upgrade themselves: Tarin
ISLAMABAD – Finance Minister Shaukat Tarin on Tuesday said that government wants the domestic oil refineries to upgrade themselves at par with the international standards.
Chairing a meeting to review progress on Draft Pakistan Oil…
Gold imports fall by 26.83% in 11 months
ISLAMABAD, Jun 22 (APP): The gold imports decreased by 26.83 percent during the first eleven months of the current fiscal year as compared to the corresponding period of last year, Pakistan Bureau of Statistics (PBS) reported.
The gold…
KSE-100 Index ends below 48,000 as FATF review begins
The KSE-100 Index, widely considered a benchmark for market performance, declined for the second successive day of the week to close below the 48,000-point level as profit-taking and uncertainty gripped investors at the Pakistan Stock…
Gold prices go up Rs450 to Rs109,300 per tola
ISLAMABAD– The price of 24 karat per tola gold increased by Rs450 and was sold at Rs109,300 on Tuesday against its sale at Rs108,850 the previous day, Karachi Sarafa and Jewellers Group reported.
The price of 10 gram 24 karat also…
Flour Mills Association announces to go on strike from June 24
KARACHI – Pakistan Flour Mills Association (PFMA) on Tuesday announced to go on strike from June 24.
Flour Mills Association Chairman said that flour mills across the country will be closed from June 24 and will go on strike indefinitely…
PIA resumes flights to Canada
Pakistan International Airlines (PIA) announced the resumption of direct flights to Toronto, Canada, the spokesman of the national carrier said.
In a statement, the spokesperson said that Canadian officials had allowed PIA to resume…
Asian markets track Wall St rally as Fed taper concerns ease
HONG KONG (AFP) - Most Asian markets rebounded Tuesday from the previous day’s sell-off as concerns about the pace of expected Federal Reserve monetary tightening eased, while oil prices pushed to new two-year highs above $75 on demand…