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Rising revenue helped $2.7 billion retirement village giant Oceania Healthcare push up net reported profit 24 per cent in the latest six months, but...

Business March 12, 2021 KARACHI: Remittance inflows into Pakistan jumped by nearly 24.2 percent in February to $2.266 billion as government incentives attracted people abroad to send more money home through formal channels, the central bank reported on Thursday. Workers’ remittances reached an unprecedented level of $18.7 billion in the eight months of the fiscal year, up 24.1 percent, compared with the same period a year ago. “Policy measures undertaken by the government and SBP (State Bank of Pakistan) to encourage inflows through formal channels, limited cross-border travel due to COV...

Business February 16, 2021 The capital market climbed 1.24 percent on Monday following fresh buying on positive vaccine developments, improving macroeconomic indicators and rising oil prices that spurred a rally in energy sector, dealers said. Topline Securities in its market note said, “International oil prices continued with their uptrend as WTI stood above $60/barrel. Taking cue from international oil prices, the E&P sector closed up 2.4 percent, Oil Marketing Companies (OMCs) closed up 2.0 percent, while the refinery sector closed up 0.8 percent.” Pakistan Stock Exchange (PSX) benchm...