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Market

K-Electric to raise Rs22b 
via sukuk
Karachi-based utility K-Electric plans to raise as much as Rs22 billion ($223.1 million) through Islamic bonds to refinance existing debt, the latest transaction in Pakistanís reviving Islamic debt capital market.
Europe, Asia stocks put aside US growth setback
Stock markets in Europe and Asia looked past gains by Iraqi militants and poor first-quarter growth in the United States on Thursday, with some investors raising their forecasts for a US economic bounce in coming months.
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