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Lentils import surges by 57 percent in eight months

LAHORE (Dunya News) – Import of lentils and pulses have surged by at least 57 percent in the first eight months of Fiscal Year (FY) 2015-16, Dunya News reported Thursday. Reliance on imported pulses has increased owing to lesser indigenous production. In the first eight months of the

Oil prices extend fall after US inventories rise

SINGAPORE (AFP) – Oil prices struck a muted tone Thursday, with the US benchmark sliding further after a jump in stocks last week added to concerns of a lasting world supply glut. Crude tumbled on Wednesday after the US said reserves surged 9.36 million barrels last week to 532.

Oil falls on profit-making

Oil prices dipped in Asia on Friday as traders took profits from a recent rally, driven by hopes major producers could agree to limit their output in a meeting next month. Prices jumped on Thursday after Venezuelan oil minister Eulogio Del Pino said his country was preparing to meet w

Dollar firms on rising US inflation, stronger growth

The dollar strengthened Friday after a key US inflation indicator rose, underpinning the Federal Reserve s plan to raise interest rates this year, and fourth-quarter economic growth was stronger than expected. US core inflation, as measured by the personal consumption expenditures pri

Oil wipes out gains on fading hopes for output limit

Oil prices turned lower in late trade Friday as hopes fizzled for a fix in the global oversupply that could support prices. Prices had jumped Thursday after Venezuela raised expectations that it and other major producers would meet in March to try to find ways to stabilize the market.

Pakistan stocks rise by 617 points by week’s end

Pakistan Stock Exchange (PSX) saw an increase of 617 points in the business week, Dunya News reported Saturday. 100-index closed at 31,294 points by the end of trading in the stock exchange. On the whole, at least 321 companies conducted business. Share value of around 206 companies i

Brexit’ worries send pound plunging near 7-year low

The pound plunged Monday on worries that Britain may vote to leave the European Union this year, while the euro fell sharply against the dollar after poor eurozone economic data. British Prime Minister David Cameron s deal with the EU last week to avoid a “Brexit” was quic

Oil rallies on hopes for easing output

Oil prices rallied Monday as traders weighed continuing discussions on an output freeze by key crude producers in an oversupplied global market. US benchmark West Texas Intermediate for delivery in March rose $1.84 to $31.48 a barrel on the New York Mercantile Exchange. Brent North Se

Focus sharpens on Fed after hot inflation data

With next week s calendar full of economic data releases and speeches by economic policymakers, investors have been poised to watch the Federal Reserve for clues about the U.S. central bank s next move, but an unexpectedly hot reading on inflation on Friday will further sharpen that f

China removes stocks regulator head after market woes

China has removed the head of its securities regulator following a turbulent period in the country s stock markets, appointing a top state banking executive as his replacement, as leaders move to restore confidence in the economy. The announcement on the official Xinhua news agency on