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Byco Petroleum reports annual gross profit of Rs1.9 bln Amid Industry-Wide challenges

Karachi, September 24, 2019: Byco Petroleum Pakistan Ltd. gross turnover increased by 17 percent from the previous year to Rs. 251 billion following an increase in oil prices and Rupee’s devaluation. Pakistan’s economic growth slowed considerably to nine-year lows of 3.3% in the previous fiscal year. The oil sector witnessed a 22% decline in consumption….

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Pakistan calls for boosting UN observer mission in Kashmir amid escalating tensions

United Nations, August 28, 2019: Pakistan has proposed the strengthening of the United Nations Military Observer Mission in India and Pakistan (UNMOGIP), which monitors the Line of Control (LoC) in Kashmir, as New Delhi’s illegal annexation of the disputed state has heightened tensions between the two South Asian neighbours, according to informed sources. The request…

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Equities sink amid bad news in the neighborhood

Karachi, Augst 10, 2019: Unwarranted selling and fragile sentiments witnessed at the Pakistan Stock Exchange during then last week correlated to India’s inexcusable revocation of Kashmir’s special status. According to Arif Habib Research, once again brought to the forefront, political rivalry between the two nuclear-armed South Asian neighbours. With peace in the region tested, investors…

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