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LAHORE: Sui Northern Gas Pipelines Limited (SNGPL) criticized by All Pakistan Textile Mills Association (APTMA) over gas curtailment to the textile industry despite government of Pakistan assurance to supply gas for five days a week.

ISLAMABAD: Pakistan's economic outlook is positive, however needs adherence to the national economic reforms agenda to overcome the challenges it has been facing currently, newly appointed Country Director Asian Development Bank (ADB) said here on Thursday.

KARACHI: Karachi will face 10 hours of increased loadshedding as the gas supply to one of the power plants of Karachi Electric Supply Company (KESC) has been suspended, local TV channels reported on Monday.

KARACHI: Pakistan cotton rates continued its downward trend on the back of higher influx of seed cotton and phutti arrivals however trading remained range bound at cotton market on Thursday.

HONG KONG: Asian stocks bounced on Thursday after tentative steps by euro zone policymakers to tackle a crippling debt crisis, but investors remained wary that obstacles the bloc's leaders face could weigh on the euro and Asian currencies in the medium term.

DUBAI: Growth of the global Islamic asset management industry will likely halt or reverse this year as the industry struggles with poor sentiment in financial markets and lacklustre interest among Islamic institutional investors, said Jahangir Aka, senior executive officer at asset management firm SEI Investments.