01 November 2014

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Pakistan better at global trade finance

KARACHI: Pakistan is better than Bangladesh and Sri Lanka at Global Trade Finance (GTF) but she could get much better by following effective measures on Balance of Payment, said speakers at a seminar on “Global Trade Finance” organized by Students of Commerce, University of Karachi (KU) at Karachi varsity on Thursday.Dr.Farooq Sattar as chief guest addressing the students advised them “depend on your abilities for all time and never rely on financiers”. Always speak for your rights and do plan not only for your

Japan stocks soar 5 percent, yen falls on stimulus

SEOUL  Japan`s stock index surged 5 percent to the highest level since late 2007 and the yen slid against the dollar Friday after the Bank of Japan unexpectedly announced new stimulus to boost a flagging economic recovery.Other Asian stock markets were also higher after the Japanese central bank s announcement. The dollar rose 1.8 percent to 111.16 yen, which was the Japanese currency s lowest level in more than five years.The bank said it would increase its asset purchases by

Oil prices down in Asian trade

Oil prices down in Asian tradeSINGAPORE: Oil prices fell in Asia Friday, pressured by a stronger dollar as dealers speculated over whether the will Federal Reserve lift interest rates sooner than later, analysts said.US benchmark West Texas Intermediate for December delivery fell 37 cents to $80.75 while Brent crude for December was down 36 cents at $85.88 in afternoon trade.Singapore´s United Overseas Bank said crude prices faced downward pressure "as expectations that US interest rates may rise sooner than previously thought

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