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Pakistan shares surged the most in 19 months


KARACHI,Pakistan(TNO) Pakistan shares surged the most in 19 months on Tuesday(01 Nov), after Pakistan Tehreek-e-Insaf (PTI) chief Imran Khan backed off from a threat to paralyze the capital following a Supreme Court decision to pursue a case linked to Prime ...

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FBR grants tax neutrality for sukuk transactions deals


ISLAMABAD,Pakistan(TNO) Federal Board of Revenue has granted sukuk transactions similar tax treatment to conventional bonds, the latest government incentive aimed at developing the country’s Islamic finance sector.In a statement late on Saturday, Pakistan’s capital market regulator – which recommended the ...

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Dollar fell against major currencies


NEW YORK,U.S(TNO) The dollar fell against major currencies on Thursday(1st Sep) as data on US manufacturing pointed to a contraction in the sector last month.Markets were also anticipating Friday s release of official figures on August US job creation, which if ...

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