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Oil prices higher in Asian trade
Source: Geo News | 19-07-2013

SINGAPORE: Oil prices inched higher in Asian trade Friday on upbeat US corporate and economic news, although profit-taking limited gains, analysts said.

New York's main contract, West Texas Intermediate (WTI) for delivery in

August, rose one cent to $108.05 a barrel, while Brent North Sea crude for September was up 12 cents at $108.82.

WTI soared $1.56 in New York Thursday, to end at its highest level since

March 1, 2012.

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Source: Tribune | 10-04-2013
Sinking like a rock: Slim chances of recovery for Pakistan’s directionless economy, says ADB Amid deep-rooted concerns over a “directionless” economy due to failure of the previous government and inability of the caretaker setup to take immediate meaningful steps, the Asian Development Bank has warned that Pakistan’s current growth model is unsustainable that also undermines future prospects. In its Asian Development Outlook, th..... Read more
Source: dawn | 09-01-2013
SBP allows Fauji to acquire Askari Bank The State Bank of Pakistan has finally allowed the Fauji Foundation to acquire majority shares of the Askari Bank, banking sources told Dawn.Established in 1991, the Askari Bank was being run by the Army Welfare Trust, but the bank came into trouble from the beginning of last decade.   “We have issued NOC to the Fauji Foundation that allows the ..... Read more
Source: The Nation | 07-03-2013
Amnesty scheme encouraged non-taxpayers: Dealers body The amnesty scheme for smuggled vehicles would not go well for the local automobile manufacturers, as this move would encourage unlawful activities in the country. “The amnesty scheme to allow owners of non-customs paid vehicles to legalize their smuggled cars by March 31 after paying nominal duty and taxes will promote unlawful activities in the co..... Read more
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