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Karachi, June 03, 2016 (PPI-OT): Budget FY17 Initial Impressions: Pro-agri, pro-growth with fiscal discipline – Fertilizers, Textiles key beneficiaries The PML-N government unveiled its fourth budget today with a total outlay of Rs4,895bn (+10% YoY) for FY17, targeting a GDP growth of 5.7% (FY19 target: 7.0%) and a fiscal deficit of 3.8% (FY19 target: 3.5% ...

President Mamnoon Hussain Wednesday said economic stability and continuity of policies were vital for the progress and development of the country and urged the nation to stand united to confront the challenges ahead.The President, in a wide-ranging add...

Karachi, May 30, 2016 (PPI-OT): Cement silo for FCCL reportedly collapses Cement silo for FCCL reportedly collapses As per JS Global Capital Limited’s channels check, the cement silo (storage for materials and cement) of Fauji Cement’s (FCCL) plant collapsed over the weekend, destroying the coal mill and damaging the new production line of the company. ...

Prime Minister Muhammad Nawaz Sharif Monday said that continuity of the development policies by his government has taken the Gross Domestic Product (GDP) to record 4.71 per cent during current fiscal year, which is the highest in last eight years.Addre...

The United Nations Working Group on discrimination against women today called on the Government of Hungary "not to disguise gender discrimination under an ideology of conservative family values," and urged it to address the issue of discrimination agai...

United Nations Secretary-General Ban Ki-moon continues to follow events in Venezuela and is encouraged by the ongoing initiatives by former Heads of State and Government to promote dialogue between the Government of Venezuela and the opposition, under ...

Karachi, May 02, 2016 (PPI-OT): Apr’16 Review: PSX mimicking oil price trend Carrying forward its bullish momentum, KSE-100 index returned 3.8%MoM in Apr’16 to stand at 34,719points, taking CYTD gains to a decent 5.8%. Rallying oil prices (Brent: +21.7% MoM, Arab Light: +28.5% MoM) along with a strong corporate earnings season where selective sectors (Cements, ...