SPI declines

Courtesy Dawn News ISLAMABAD: Weekly inflation for combined income group, measured through the Sensitive Price Index (SPI), decreased by 0.12 per cent for the week ended March 10 as compared to the previous week, Pakistan Bureau of Statistics data showed on Friday. SPI monitors prices of 53 items based on the survey of markets in…

Cargill Holdings petition on HEC sell-off dismissed

Courtesy Dawn News ISLAMABAD: The Islam­abad High Court dismissed the application of Cargill Holdings Ltd (CHL) and vindicated Privatisation Commi­ssion’s decisions in the transaction of Heavy Electrical Complex (HEC). A press release issued on Thursday by the Privatisation Commission said the privatisation of HEC was terminated since the revocation of the Letter of Acceptance (LoA)…

Gold falls as stocks rise

Courtesy Dawn News LONDON: Gold fell on Wednesday as equities rose 1 per cent and expectations for further monetary easing from the European Central Bank drove down the euro, prompting some investors to take profits after the metal’s rally to 13-month highs. Outflows were seen from bullion-based exchange-traded funds after hefty inflows earlier in the…

Belarus, Pakistan for improved bilateral trade

Courtesy Dawn News LAHORE: Pakistan and Belarus on Wednesday agreed to enhance bilateral economic cooperation in various sectors including investments, industries, agriculture, energy and health at the conclusion of the second session of Pakistan-Belarus Joint Ministerial Commission. The two day event was jointly chaired by Commerce Minister, Khurram Dastgir Khan and Minister of Industry of…