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European stocks hit highest since 2008 crash

World, Business News – European stock markets rose to their highest since the 2008 financial crisis on Wednesday, helped by signs the US economy is improving and expectations of more pledges of support... 

HEC will receive Rs 9 billion from FM

Pakistan, Business News – The Finance Ministry of Pakistan has decided to provide the Higher Education Commission (HEC) Rs 9 billion. The decision was taken during a meeting between HEC Chairman... 

Petroleum prices rates likely to raised up

Pakistan, Business News – According to the sources the petroleum prices rates are likely to raised up by the Rs.430 per liter from 1st March on Thursday, E Pakistan News Reported. OGRA sources told... 

Fuel price summary rejected by Petroleum Ministry

Pakistan, Business News – According to the sources, the summary for increasing in the price of petroleum products has been rejected by the Petroleum ministry on Thursday, E Pakistan News Reported.... 

Pak pays 10th installment to IMF

Pakistan, Business News – Pakistan on Tuesday successfully paid the 10th installment amounting to SDR 258.4 million equivalent to US $391.8 million on account of Stand-By Arrangement (SBA) to the... 

Pakistan Railways faces fuel crisis

Pakistan, Business News – Pakistan State Oil (PSO) has suspended the supply of diesel to Pakistan Railways after a cheque issued by the latter to the former bounced here on Saturday, Geo News reported. The... 

Pakistan will get Rs10.78bn Chinese locomotives

Pakistan, Business News – Pakistan and a Chinese company have finalized an agreement under which the former will buy 50 locomotives from the latter at a cost of Rs10.78 billion. According to the... 

PSO suspends the fuel supply for PIA

Pakistan, Business News – Fuel supply from the Pakistan State Oil has been suspended for the Pakistan International Airlines due to the non payment of dues, E Pakistan News Reported. PSO Sources... 

SBP will announce monetary policy on Friday

Pakistan, Business News – Pakistan State Bank Governor Yaseen Anwar will announced monetary police statements on 8th Feb said the central bank’s officials told on Wednesday. The monetary policy... 

PPL half-year net profit rises to Rs 22.3 billion

Pakistan, Business News – Pakistan Petroleum Ltd (PPL) reported a net profit of 22.3 billion rupees ($228.4 million) in the half year through December, up from Rs 20.11 billion in the same period... 

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