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Bank of Punjab chief seeks ‘Welfare GDP’

Bank of Punjab chief seeks ‘Welfare GDP’

ISLAMABAD: Bank of Punjab President and Chief Executive Zafar Masud has argued that the country’s GDP growth figures failed to capture how ordinary citizens are coping with current economic issues. He suggested a roadmap calling for working towards a ‘Welfare GDP’ measure, saying it does require a smarter pooling of existing indicators…

Oil gains on pending Iran-Oman Hormuz deal

Oil gains on pending Iran-Oman Hormuz deal

HOUSTON: Oil prices gained on Friday as markets assessed a pending agreement between Iran and Oman that would set rules for transit of the Strait of Hormuz. Brent crude futures were up 93 cents, or 1.14 per cent, at $83.42 a barrel at 1:14 p.m. CDT (1814 GMT). West Texas Intermediate futures rose 96 cents, or 1.24pc, to $78.25.

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