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A guide to buying your first car in Pakistan

Ever since used-car imports from Japan started to gain momentum in Pakistan, our market has seen an influx of a wide range of cars that have filled in various product categories, price points and have in their ways addressed the needs of a variety of buyer segments. However, following the ...

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KSE-100 ends Tuesday in green, breaches 49,000 points

The Pakistan Stock Exchange ended Tuesday’s trading session on a positive note, with the benchmark KSE-100 index gaining 362 points, or 0.74 per cent, by the close of the trading session to reach 49,059.60. The benchmark index crossed the 49,000 point barrier after a day of erratic trading, as volumes ...

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Forexlive Americas forex news wrap: USDJPY cracks below the 100 day MA

Forex news for March 17, 2017 US stocks end the day little changed A technical look at the EURUSD daily chart. CFTC commitment of traders: Shorts in GBP at record levels WTI crude oil settles at $48.78 /BBL Here’s something green to go with your St. Patrick’s Day pint at ...

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Banks charge up to 29pc interest rate, NA told

ISLAMABAD: The government informed the National Assembly on Friday that commercial banks were charging individuals up to 29 per cent interest rate despite the historically lowest 5.75pc policy rate of the State Bank of Pakistan (SBP). The SBP has maintained the policy rate at 5.75pc since May 2016 — a ...

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Gold pares losses

LONDON: Gold steadied on Friday, erasing earlier losses as the dollar came under pressure from a US payrolls report that flagged up weak wage growth last month, weakening the case for near-term interest rate hikes. Spot gold was at $1,215.80 an ounce at 1425 GMT, little changed from late on ...

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Index finishes weekend session with 110-point loss

KARACHI: The share prices see-sawed on the last trading day of the week as the KSE-100 index closed 110.14 points (0.22 per cent) down at 49,555.83 on Friday after having moved between the intra-day high and low of 114 and 235 points. The overall volume decreased by 24pc to 338 ...

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Trump takes first step to scale back financial regulations

WASHINGTON: President Donald Trump is taking his first steps aimed at scaling back financial services regulations, and the Republican-run Congress cast a vote early Friday signaling that it’s eager to help. The president will sign an executive order Friday that will direct the Treasury secretary to review the 2010 Dodd-Frank ...

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Wathra asks banks to rationalise lending rates for agri sector

MULTAN: State Bank of Pakistan (SBP) Governor Ashraf Mahmood Wathra on Friday urged banks to rationalise lending rates for the agriculture sector. While chairing the annual meeting of the Agricultural Credit Advisory Committee (ACAC), the SBP governor said banks met their agriculture credit target in 2015-16 and have achieved 43 ...

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Engro Foods’ profit drops by 25pc to Rs2.4bn

KARACHI: Engro Foods posted a net profit of Rs2.4 billion for 2016, down 25 per cent from Rs3.2bn a year ago. In the fourth quarter (Oct-Dec) alone, the company recorded a loss of Rs208 million against earnings of Rs635m in the comparable three-month period a year ago, according to a ...

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Tariq Bajwa appointed secretary finance

ISLAMABAD: The government on Friday appointed Tariq Bajwa as Secretary Finance and tasked him with the preparation of the budget. “Tariq Bajwa, a BS-22 officer of Secretariat Group, presently posted as Secretary Economic Affairs Division is transferred and posted as Secretary, Fina­nce Division with immediate effect and until further orders,” ...

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