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Pakistan seeks to import 1.5m tonnes of petrol from UAE annually

ISLAMABAD: Pakistan will write to the United Arab Emirates this week in a bid to initiate a process to sign an inter-governmental agreement (IGA),...

TASI gains on strong earnings; MIS drops despite 69% profit leap in Q3: Closing bell

RIYADH: Saudi Arabia’s main index ended Monday in green, thanks to strong performance as earnings season nears an end.  The Tadawul All Share Index gained...

Pakistan needs $16bn for flood rehab as losses escalate over $30bn

ISLAMABAD: Final estimates put the damage from Pakistan's recent deadly floods at more than $30 billion, the planning ministry’s Post-Disaster Needs Assessment (PDNA) report...

Pakistan stocks shed 462 points as political worries deepen

KARACHI: Hit by the political tumult, stocks had a hard landing on Friday as PTI launched its long march, seeking early polls from the...

Rupee continues to extend losses against US dollar

KARACHI: The Pakistani rupee registered losses for the third consecutive session against the US dollar on Friday as the political uncertainty in the country...

Weekly inflation: Essential goods’ prices rise over 4%

KARACHI: The weekly inflation, based on the sensitive price index (SPI), surged over 4% due to a massive rise in electricity prices. The Pakistan Bureau...

Pakistan likely to receive another $500m loan from ADB in December

Pakistan is likely to receive another loan worth $500 million from the Asian Development Bank (ADB) in December as the lender is looking at...

Saudi Arabia’s largest lender SNB to own 10% stake in Credit Suisse worth $1.5bn

RIYADH: Saudi National Bank, known as SNB, is all set to invest up to $1.5 billion in Switzerland-based Credit Suisse, as the global investment...

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