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Markets

Pakistan budget heat boils over

Opposition lawmakers hijacked the Pakistani government’s unveiling of the new budget on Friday, trading punches during angry scuffles in parliament against power cuts and corruption.

Markets10 years ago

Markets

Pakistan reduces taxes

Pakistan’s Finance Minister Abdul Hafeez Shaikh on Friday announced the budget for fiscal 2012-13 with a total outlay of Rs2.96 trillion estimating a deficit of Rs1.185 trillion.

Markets10 years ago

Markets

Bahrain, India to boost bilateral ties

NEW DELHI — India and Bahrain announced the signing of a Tax Information Exchange Agreement to promote economic and joint investment between the two countries. According to the International Monetary Fund, total trade between the two countries currently amounts to $1.7bn a year, with this agreement aimed at boosting that number.

Markets10 years ago

Markets

Gold slides ahead of data as euro, commods fall

LONDON - Gold slipped on Friday, extending losses after posting the biggest May drop in 30 years last month, as investors sold assets seen as higher risk like stocks and commodities on mounting concerns over the financial health of Greece and Spain.

Markets10 years ago

Global growth concerns hit world markets

Markets

Global growth concerns hit world markets

Concerns over a slowdown in the world’s biggest economies hit world markets on Friday, with weak indicators out of China and Europe’s financial turmoil unsettling investors ahead of a crucial US jobs report.

Markets10 years ago