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Oil prices dip after weak China data

Source: Geo News | 24-07-2013

SINGAPORE: Oil prices slipped in Asian trade Wednesday as weak Chinese manufacturing activity fuelled concerns over energy demand in the world\'s second biggest economy, analysts said.

New York\'s main contract, West Texas Intermediate for delivery in

September, was down 27 cents at $106.96 a barrel in mid-morning trade, while Brent North Sea crude for September shed 22 cents to $108.20.

Oil, bank stocks lead KSE up to close at 23, 687 mark

Source: Geo News | 16-08-2013

KARACHI: Led by index heavyweight Oil and Gas Development Co Ltd and MCB Bank Ltd, Karachi Stock Exchange finished higher on Thursday. The benchmark 100-share index gained 0.32 percent or 74.69 points to close at 23,687.89 mark. Traders said that below market consensus earnings and payouts offered by Pakistan Oilfields Ltd and Attock Refinery..... Read more

Pakistan repays 10th installment worth $391 mln to IMF: State Bank

Source: Samaa News | 27-02-2013

Pakistan has paid $391.8 million to the International Monetary Fund (IMF) as the 10th repayment installment against the loan obtained under the standby arrangement, the State Bank of Pakistan said on Tuesday. According to the central bank, with repayment of current installment Pakistan to-date has repaid $3.232 billion since July 2012. The remaining amo..... Read more

Chamber backs PRGMEA call for SRO 154 withdrawal

Source: The Nation | 28-03-2013

While putting its weight behind Pakistan Readymade Garments Manufacturers and Exporters Association (PRGMEA) call for withdrawal of 2 per cent sales tax on export-oriented industry, the Lahore Chamber of Commerce and Industry Wednesday urged the Federal Board of Revenue to stop taking such anti-business measures that are detrimental to much-needed industrial..... Read more

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