Australian carrier Qantas' credit rating was downgraded by S&P after the airline issued a shock profit warning.
The govt is seeking expedited disbursement of funds from US & ADB to rein in fast depleting forex reserves.
Stock prices shot up all across the board with the KSE-100 showing massive gains of 355.31 pts to settle at 24,800.69.
Banks supplied $5m to the open market on Thursday causing immediate recovery of rupee which gained 1.8pc in just 2 days.
FBR on Thursday announced an audit amnesty for those taxpayers who declare 25pc more income during the tax year 2013.
Asian markets fell after latest US growth data increased expectations that Fed Res will wind down its stimulus program.
During first 5 months of FY14, the cement sector recorded minor growth of 0.30pc compared with the same period in FY13.
India wants unrestricted land access to Pakistani market for its exports as agreed in bilateral trade roadmap last year.
Large-scale manufacturing grew about 13pc year-on-year in Sept, and by more than eight per cent during July-Sept.
The Federal Board of Revenue’s mandate is to implement tax laws while promoting voluntary tax compliance.
Dealing with high public debt is never easy, but current environment poses news challenges for many advanced economies.
Prices of wheat, pulses and beef went up in Nov on increased demand during the last three days leading to Ashura.
Islamic banks are facing difficulties after SBP linked minimum deposit rate of conventional banks to its own repo rate.
The delay in early harvesting of potato crop in Punjab caused its prices to skyrocket across the country last month.
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