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Pakistan’s inflation rate at six-month high of 43%

Islamabad, Dec 16 (IANS) Pakistan’s weekly inflation rate remained at a six-month high of 43.16 per cent in the week ending December 14, as soaring food prices continued to squeeze consumers, a media report said.The main drivers of the inflation were food items, especially sugar, pulses, eggs and rice, which saw sharp increases in their prices over…
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FPIs bought heavily in banking, IT stocks

New Delhi, Dec 16 (IANS) Chief Investment Strategist at Geojit Financial Services V K Vijayakumar on Saturday said that a major development in December has been that FPIs have heavily bought stocks in banking and IT segments. He said that…