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An attempt to temper populism with realism

The PPP govt unveiled its fifth budget, which tried to balance the economic mess the govt faces with the demands of the upcoming election.

15 hours ago

Iraq oil income drops on lower prices

Iraq's revenues from oil sales fell in May as a result of declining global crude prices and increased domestic demand, the oil ministry said on Saturday.

25 mins ago

Stability main focus of the budget: Finance Minister

Dr. Abdul Hafeez Shaikh said on Saturday that the main focus of the Federal Budget 2012-13 is to ensure continuity of microeconomic stability.

47 mins ago

We have put forth our shortcomings: Shaikh

Federal Minister for Finance Dr Abdul Hafeez Shaikh on Saturday said that the government was not hiding any figures or facts about the budget.

1 hour ago

Japan to ask SEC to join insider trading crackdown

Japan's securities regulator plans to ask the US Securities and Exchange Commission to cooperate in a widening probe of insider trading in Japanese shares.

2 hours ago

Taxation measures, incentives and relief

Taxation proposals in the budget, lowering the rate for some and raising for others, have obviously been dictated by political consideration.

12 hours ago

US adds 69,000 jobs in May, jobless rate up to 8.2 per cent

The US added a scant 69,000 jobs in May and the jobless rate rose to 8.2 per cent, the government said Friday in a dismal report spelling trouble for President Obama's reelection bid.

22 hours ago

Stocks rise on ‘budget optimism’ while rupee hits new record low

Karachi stocks rallied Friday as a “positive sentiment about the budget ... helped lift the market,” dealers said.

24 hours ago