Current account deficit widens to $18bn in 2017-18, dollar at Rs128.60 interbank
CAD has jumped by 5.7 per cent of total country’s gross domestic product (GDP) this year.
Large-scale manufacturing industry grows by 6pc
ISLAMABAD: The Large Scale Manufacturing Industries (LSMI) of the country witnessed a growth of 6 per cent during the first eleven months...
Market Daily:Â Ongoing rally sees KSE-100 rake in 2,130 pointsÂ
The Pakistan Stock Exchange (PSX) continued its winning streak as the equity market stretched Wednesday’s rally, gaining 898 points (2.19 per cent) to close the day at 41,796.
Pakistan’s agriculture sector records notable improvement: ADB
ISLAMABAD: In Pakistan, agriculture recorded a notable improvement over the previous fiscal year and surpassed the Asian Development Bank’s annual growth target...
SECP prescribes risk management, control guidelines for fund management industry
ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has prescribed risk management and control guidelines for Asset Management Companies (AMCs). The...
State Bank proposes landmark policy to promote low-cost housing finance
KARACHI: The State Bank of Pakistan (SBP), after consultation with relevant stakeholders, has developed a draft policy for the promotion of low-cost...
PTCL group’s revenue grows 4pc to Rs60.7bn
KARACHI: Pakistan Telecommunication Company Limited (PTCL) has announced its financial results for the mid-year ended June 30, 2018, and an interim dividend...
Market Daily: KSE-100 gains 964.92 points, market sentiments turn green
The KSE 100 touched an intraday high of 40,968.69 after gathering 964.92 points the index finally ended the day at 40,897.90.
Govt likely to impose additional 3pc duty on more than 1000 items
The former government had revised RD on dozens of imported items in December 2017 to meet the revenue target
Dollar rises to 128.75 as Rupee devaluation persists
KARACHI: The devaluation of the local currency against the US dollar continued in the interbank market on Tuesday as the greenback soared...
New rupee devaluation an economic risk: LCCI former chief
LAHORE: Terming the new rupee devaluation as economic risk, leading businessman and former President Lahore Chamber of Commerce and Industry (LCCI), Mian...
FBR gets property details of Pakistanis in the UK
ISLAMABAD: The Federal Board of Revenue announced that it has received data of all immovable properties owned by Pakistanis in the United...
SBP directs banks to obtain 100pc cash margins on commodity imports
KARACHI: The State Bank of Pakistan (SBP) on Monday directed all banks to obtain 100 per cent cash margins on the import...
IMF warns of rising risks to global growth amid trade tensions
WASHINGTON: The global economy is still expected to grow at a solid pace this year, but worsening trade confrontations pose serious risks...
Rupee second worst performing currency in the world
KARACHI: The Dollar today gained about 6.45 rupees in the interbank market as the interim government let the rupee slide deeper into...