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SINGAPORE: U.S. gold futures gained 1 percent to above $1,630 an ounce on Wednesday, driven by a return to bargain hunting after prices dropped the previous day, while purchases from jewellers helped the precious metal shrug off a volatile euro.

KARACHI: The massive improvement in tax collection during the first quarter of the current fiscal year has prompted the Federal Board of Revenue (FBR) to set a higher revenue collection target of Rs 477.1 billion for the second quarter to meet the tax target of Rs 1952 billion for the current fiscal year.

CANBERA: Crescent Wealth, Australia's first Islamic wealth manager, have announced the launch of the nation's first Islamic Australian equity fund creating a new opportunity in the superannuation industry, and tapping the potential for Australians to access the $1.4 trillion global Islamic financial services market.

SINGAPORE: Lotte Pakistan PTA (LOTPTA) depends on government's decision to increase import tariffs to expand investments in its purified terephthalic acid (PTA) production capacity to 1.5 million tons per year industry, said the report published in ICIS news.

KUALALUMPUR: Malaysia, Islamic personal loans hovered as customers' utilized telephone for their financing. Al Hadj Azahari Pawan Teh- Chief Operating Officer IDOTTV said, "Loans backed by airtime business currently expanded to 1 million ringgit but this business is expected to expand to 100 million ringgit per day in upcoming year."