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04:31 Growth improves, but targets missed

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  • Lint trading remains selective amid firm physical prices

    August 1, 2017 11:22 PM

    KARACHI: Trading activity at the cotton market remained selective and around 900 bales changed hands. The Karachi Cotton Association (KCA) spot rate stood firm and unchanged at Rs 6,350 per maund. Traders said buyers bought second grade of lint on bargaining prices at around Rs 6,600 per maund during the trading session. A senior trader, Ghulam Rabbani

  • Monthly inflation recorded at 2.91pc in July

    August 1, 2017 10:13 PM

    The Consumer Price Index (CPI) on year-on-year basis during July 2017 witnessed an increase of 2.91 per cent as compared to the same month of the last year. On month-on-month basis, the inflation was recorded at 0.34 per cent in July 2017 as compared to June 2017, top Pakistan Bureau of Statistics (PBS) officials said while presenting data of monthly

  • Discover the global large-scale liquefied natural gas (LNG) terminal market

    August 1, 2017 12:04 PM

    Technology-based classification of the large-scale LNG terminal market yields liquefaction and regasification. Liquefaction and regasification technology is further bifurcated as onshore and offshore, respectively. Geographic breakdown and deep analysis of each of the aforesaid segments have resulted in the following regions: North America, Europe, Asia-Pacific

  • Petroleum prices to stay untouched: Finance Ministry

    August 1, 2017 11:44 AM 2

    ISLAMABAD: The Finance Ministry has concluded to let the prices of petroleum products remain the same for the month of August. According to the statement that the Ministry gave, the special circumstances are the reason for the decision taken. The Oil and Gas Regulatory Authority (OGRA), in its summary sent to the Ministry on Friday, had recommended to decrease

  • Pakistan’s largest refinery to resume production this week

    August 1, 2017 4:10 AM 4

    KARACHI: Pakistan’s largest oil refinery, which had caught fire two years ago shortly after inauguration and had been staying closed since then, is set to resume production later this week. Byco Petroleum Limited, in a notification to the Pakistan Stock Exchange (PSX), said on Monday “the company will resume production at its 120,000-barrel-per-day refinery

  • Mobile phone users cross 140.5 million

    August 1, 2017 1:30 AM 2

    ISLAMABAD - Mobile phone users in the country, which were 133.2 million till July 2016, have reached 140.5 million by May this year. All the operators providing mobile phone services have added around 7.3 million new users in their subscribers during the period. Mobilink is still leading the operators chart with its around 53 million customers. As per statistics

  • Hot Now: Copper hit two-year high

    August 1, 2017 12:00 AM 3

    LONDON: The price of copper hit a two-year peak on Monday on upbeat manufacturing data in top consumer China and a weaker dollar, while nickel hit a near four-month high on renewed supply worries and soaring steel prices. Growth in China's manufacturing sector cooled slightly in July, as foreign demand for Chinese goods slackened, but a government-led

  • Five Pakistani companies on Forbes ‘Asia’s 200 Best under a Billion’ list 2017

    July 31, 2017 10:44 AM 1

    NEW YORK: Five Pakistani companies have featured in the Forbes magazine’s latest annual ranking of best companies with under $1 billion in revenue, out of a total 200 companies from across the Asia-Pacific on the list for the year 2017, today. The five Pakistani companies are Agriauto Industries, Cherat Packaging, Ferozsons Laboratories, Ghandhara Industries

  • 5 Pakistani companies make it to Forbes Asia's 200 Best Under A Billion list

    July 31, 2017 7:26 AM

    Five companies from Pakistan have made it to the highly-coveted Forbes Asia’s 200 Best Under A Billion list. Forbes annual Best Under A Billion list highlights 200 Asia-Pacific public companies with less than $1 billion in revenue and consistent top- and bottom-line growth. Agriauto Industries, Cherat Packaging, Ferozsons Laboratories, Ghandhara Industries

  • Investors active: KSE-100 index goes up by 1,100 points

    July 31, 2017 6:22 AM 1

    KARACHI: Investors were active in the stock market as the KSE-100 index went up by over 1,100 points on Monday, when the market opened after a politically charged weekend. According to financial analyst Muhammad Sohail, the Pakistan Stock Exchange was facing tumult since the past two months due to the Panama case in the apex court. However, he added