04292016Fri
Last update: Fri, 29 Apr 2016 02am

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Political opponents trying to undermine country's economy: PM ISLAMABAD: Prime Minister Muhammad Nawaz Sharif on Wednesday said some political opponents were trying to undermine the country's economic take-off, fearing their own political demise."Our opponents know that if we are successful in implementing our development projects, then their politics is going to liquidate in 2018 by the grace of Allah," he said while chairing the Cabinet meeting here at the PM House.Prime Minister Nawaz Sharif said the government had set new standards of transparency in the projects and added that all internal institutions were acknowledging the country's economic turnaround.He said an amount of 34 billion dollars reserved for the energy projects, was investments and not loan.He expressed the satisfaction over electricity being produced from the locally extracted coal in Thar.The Prime Minister mentioned that from 1999 onwards, the previous governments failed to invest in energy sectors and vowed to successfully eliminate shortage of gas within his tenure.The cabinet was ...

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Britain would be less well off after Brexit: OECD LONDON: Britons would be less well off if they voted to leave the European Union than if they stayed, the head of the Organization for Economic Cooperation and Development (OECD) said on Wednesday."Brexit is like a tax. It is the equivalent to roughly missing out on about one month's income within four years," secretary general Angel Gurria told BBC radio ahead of the publication of an OECD report on the subject."In comparison with a baseline ...

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Asia markets down ahead of Fed, Apple earnings hit suppliers HONG KONG: Apple's suppliers were among the big losers in Asian markets Wednesday after it announced the first fall in iPhone sales, while overall trading was tentative before a Federal Reserve announcement later in the day.US tech giant Apple said Tuesday that waning demand for its popular handset led to the first dip in revenue since 2003, and the trend was likely to continue this year as a growth slowdown in China drags on that ...

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Trump and Clinton dominate in primaries, extend leads WASHINGTON: Billionaire Donald Trump swept all five presidential primaries held Tuesday, strengthening his grip on the Republican race, while Democrat Hillary Clinton distanced herself from rival Bernie Sanders with nearly as strong a showing.Trump demolished his rivals Ted Cruz and John Kasich in Connecticut, Delaware, Maryland, Pennsylvania and Rhode Island -- a stunning show of force by a candidate seen as a populist political savior by millions despite being loathed by the party establishment."I consider ...

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RECORDER REPORT: PSX mid day update KARACHI: On Wednesday, until mid day, KSE-100 Index was at 34110.12 with a positive change of 262.38 and volume of 63,993,720 shares.High and Low were 34127.41 and 33847.74 respectively. Total volume traded in the market was 117,951,420 shares with 301 total traded companies out of which 199 were up, 88 were down and 14 were unchanged.OIL & GAS MARKETING COMPANIES was the top traded sector with total traded volume of 25,139,700 shares. It was followed ...