Raising production would ease 17 months of strict supply curbs amid concerns that a price rally has gone too far, with oil having hit its highest since late 2014 at $80.50 a barrel this month
The proximity of ties between top executives at KPMG and Abraaj in Dubai will also come under the scanner
On Tuesday, credit rating agency Moody’s projected the rupee could plunge by 7.75 percent and touch Rs125 to the dollar by June 2019.
Till now, around Rs10 billion have been declared under the tax amnesty scheme announced early last month and Rs500 million has been collected as tax
U.S private equity firm TPG is in negotiations with investors in Abraaj’s healthcare fund to overtake management of the assets of the $1 billion fund
Islamic finance, which bans interest payments and pure monetary speculation, is estimated to have over $2 trillion of assets globally and is offered in over 60 countries, according to the IMF
MSCI’s broadest index of Asia-Pacific shares outside Japan was almost flat, while South Korea’s Kospi pared much of its earlier loss of 0.9 percent. Japan’s Nikkei was up 0.1 percent
U.S. crude oil production has risen by more than a quarter in the last two years, to 10.73 million barrels per day (bpd)
Earlier this month Noor Financial Investment Company (Noor) had sought State Bank of Pakistan’s (SBP) approval for divestment of 9.59 percent of its 49.1 percent stake in Meezan Bank Limited
An industry source said data of the filers would now be utilized to purchase cars which would contribute to the practice of premium or ‘own-money’ amount rising
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OPEC may decide to raise oil output as soon as June due to worries over Iranian and Venezuelan supply
The cement produced in the trial run is being dispatched to customers. The announcement of commercial production will be made in due course of time, said D.G Khan Cement
MSCI’s broadest index of Asia-Pacific shares outside Japan was down 0.2 percent, while Japan’s Nikkei lost as much as 1.4 percent to hit a 1-1/2-week low and the Shanghai Composite Index retreated 0.6 percent