Yahoo! to buy blog-maker Tumblr for $1.1 bn
The deal, if confirmed, would be the largest for Yahoo! since Marissa Mayer took over as chief executive last year

Pakistani stocks close lower as 11-day rally ends
The KSE-100 index ended 150.09 points lower, after 11 consecutive rising sessions, as investors decided not to push their luck too far.

FDI slightly improves
The State Bank reported that the FDI rose by 3.9pc to $622 million during the July-April period of 2012-13.

Karachi stocks hit all-time high on Sharif win
The benchmark index of top 100 shares rose 1.6 per cent to 20,232 points in early trade, surpassing the 20,000 mark for the first time.

KSE closes at record high, rupee steady a day before elections
The Karachi Stock Exchange's benchmark 100-share index ended 1.30 per cent, or 254.81 points, higher at 19,916.27 points.

Dollar slips below Rs100
The currency dealers observed that buyers of greenback almost disappeared from the market which has not only hit the trade four month low but appreciated the local currency against the US currency.

Pakistani stocks descend 189 points
The KSE-100 index ended 1.01 per cent, or 189.78 points, lower at 18,524.50 points, amid a fall in global equity markets.

Businesses seek 150bps cut
The business community has renewed its call for reduction in the cost of capital to spur growth and investment.

ECP orders govt to de-notify SBP appointment
The ECP has taken notice of the appointment of deputy governor of the State Bank of Pakistan, allegedly in violation of its ban on fresh recruitments, and asked the govt to de-notify it.

Energy sector hit by poor policies, weak financial management
When the PPP-led government departs this weekend, energy crisis and high prices of oil and increases in gas and electricity tariff would be among the defining legacies of its five-year rule.

Zardari and Ahmadinejad open pipeline work today
President Asif Ali Zardari is visiting Iran on Monday to attend the groundbreaking ceremony of the long-awaited Pakistan-Iran gas pipeline.

KSE-100 falls 125 points; rupee strengthens
The benchmark index closed down at 17,894.89 points as telecom shares witnessed heavy selling. Rupee strengthened to 98.12/98.17 against dollar.

Pakistani stocks close lower; rupee weakens
The KSE-100 index ended 53.77 points lower as companies booked profits after the market touched crossed the 18000-mark last week.

Govt finalises tax proposals for budget
With only about 25 days left before end of its term, the government has finalised optimistic taxation proposals for the next federal budget.

Pakistan’s forex reserves fall to $13.395 billion
Pakistan's foreign exchange reserves dropped to $13.395 billion in the week ending Feb 8, from $13.474 billion in the previous week, the SBP said.

Stage set for thorough vetting of candidates
Senior FBR officials said it would be possible to verify within 10 days the statements of assets and liabilities filed by candidates along with their nomination papers.

Pakistani stock market crosses 17,500 mark for first time
The KSE-100 index closed higher at 17,548.54, partially fueled by gains made in the energy and textile sector as they benefited from a weaker rupee.

Raja to take up GSP Plus in UK
Prime Minister Raja Pervez Ashraf has emphasised the need for sustained efforts to achieve the target set under Pakistan-UK Trade and Investment Roadmap.

Pakistani bourse witnesses highest volume in ten months
The KSE-100 index closed 120.45 points higher at 17,408.52 on Wednesday amid high hopes for strong results from the telecom sector.

GDP growth 3.7pc in FY-12: State Bank warns of debt trap
The SBP has warned that the fiscal deficit of 8.5 per cent last year (FY-12) is not sustainable and could push the country towards a debt trap as the public debt-to-GDP ratio has reached 62.6 per cent.