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NHA to ensure recovery of Rs 51.324m
[Business Recorder] 22 May, 2012 |
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ISLAMABAD: Public Accounts Committee (PAC) on Tuesday directed National Highway Authority (NHA) to ensure recovery of misappropriate amount of Rs 51.324 million from contractors within one month and present report in this regard.S ...
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Best Buy results top estimates; outlook maintained
[Reuters] 22 May, 2012 |
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NEW YORK (Reuters) - Best Buy Co Inc reported better-than-expected quarterly results and maintained its outlook for the year as a turnaround plan started to take hold, sending shares in the world's largest consumer electroni ...
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Stock futures drop on global growth concerns
[Reuters] 22 May, 2012 |
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NEW YORK (Reuters) - Stock index futures edged lower on Tuesday after Japan's sovereign rating was cut by Fitch as a political stalemate dimmed chances the country could curb its snowballing debt.
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ICT projects in Sindh under execution: Raza Haroon
[Business Recorder] 22 May, 2012 |
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KARACHI: Information Technology Department of Sindh is undertaking two multibillion-rupee mega IT projects, Arfa Karim IT City and Geoghraphical Information System (GIS) for Sindh to promote and develop ICT infrastructure in the p ...
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Fitch cuts Japan as politics hinders debt plan
[Reuters] 22 May, 2012 |
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TOKYO (Reuters) - Fitch cut Japan's sovereign credit status on Tuesday to the lowest level among global ratings agencies as a political stalemate dims the chance that the country can curb its snowballing debt.
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Vodafone makes writedown on European weakness
[Reuters] 22 May, 2012 |
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LONDON (Reuters) - Mobile operator Vodafone made a writedown of 4 billion pounds ($6.3 billion) and cut its medium-term sales target as the debt crisis squeezed customers in southern Europe, forcing them to save money on phone ca ...
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IMF tells Britain: Do more to drive growth
[Reuters] 22 May, 2012 |
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LONDON (Reuters) - Britain must do more to bolster demand and the Bank of England should purchase more assets or even cut its main interest rate - already at a record low - to prevent years of sluggish growth, the International Mo ...
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Agri credit disbursement up by 15 percent YoY basis
[Business Recorder] 22 May, 2012 |
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RECORDER REPORTKARACHI: Agricultural credit disbursement by banks surged by 15.29 percent on year-on-year basis to Rs 223.845 billion in the first ten months (July-April) of the current fiscal year (2011-12).In absolute terms, dis ...
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NBFI, Modaraba sector posts Rs779m net profit
[Business Recorder] 22 May, 2012 |
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RECORDER REPORTKARACHI: The country's NBFI and Modaraba sector has posted net profit of Rs 779 million in the year ended on June 30, 2011 as compared to a cumulative loss of Rs 261 million in the previous year.Total assets of ...
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2nd Indo-Pak Business meeting
[The News] 22 May, 2012 |
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A landmark gathering of some of the most influential Pakistani and Indian business and corporate leaders extended unequivocal support to the objective
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Wall Street rebounds, but investors dump Facebook
[Reuters] 21 May, 2012 |
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NEW YORK (Reuters) - Stocks rose more than 1 percent on Monday, with the S&P 500 snapping a six-day losing streak in a rebound from equities' biggest weekly drop in almost six months, but Facebook slumped in its second se ...
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Wall Street ends up, snaps six-day losing streak
[Reuters] 21 May, 2012 |
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NEW YORK (Reuters) - Stocks rose on Monday to snap a six-day losing streak on the S&P 500, rebounding from equities' biggest weekly drop in almost six months, but Facebook slumped in its second session after a disappoint ...
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S&P 500 set to snap six-day losing streak
[Reuters] 21 May, 2012 |
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NEW YORK (Reuters) - Stocks rose on Monday with the S&P 500 on course to snap a six-day losing streak and all three major indexes up over 1 percent as investors picked up bargains following the biggest weekly decline for equit ...
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Facebook shares sink as reality overtakes hype
[Reuters] 21 May, 2012 |
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(Reuters) - Facebook shares sank in the first day of trading without the full support of the company's underwriters, leaving some investors down almost 25 percent from where they were Friday and driving others to switch back ...
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Jury selected for Gupta insider trading trial
[Reuters] 21 May, 2012 |
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NEW YORK (Reuters) - The insider-trading trial of former Goldman Sachs board member Rajat Gupta, who is accused of spilling secrets about the investment bank, began on Monday with the government saying it would call a former top G ...
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TCP awards tender for import of 100,000 MT urea
[Business Recorder] 21 May, 2012 |
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KARACHI: Trading Corporation of Pakistan (TCP), in response to its international tender floated on April 18, has awarded import contract for a quantity of 100,000 metric ton urea at $ 522.86 per metric ton (PMT) C&F, to the lo ...
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