In a bid to keep foreign currency reserves at a historic high, the federal government has borrowed $1.315 billion from foreign commercial banks in the current financial year (July-April) 2016-17. The government has budgeted $2.005 billion from foreign com
In a bid to keep foreign currency reserves at a historic high, the federal government has borrowed $1.315 billion from foreign commercial banks in the current financial year (July-April) 2016-17. The government has budgeted $2.005 billion from foreign com
In a bid to keep foreign currency reserves at a historic high, the federal government has borrowed $1.315 billion from foreign commercial banks in the current financial year (July-April) 2016-17. The government has budgeted $2.005 billion from foreign com
A parliamentary panel Tuesday raised several questions on the collection and utilisation of over Rs 100 billion Universal Service Fund (USF) and role of Finance Ministry in its utilisation, as some parliamentarians stated that it is allegedly reflected in
A parliamentary panel Tuesday raised several questions on the collection and utilisation of over Rs 100 billion Universal Service Fund (USF) and role of Finance Ministry in its utilisation, as some parliamentarians stated that it is allegedly reflected in
A parliamentary panel Tuesday raised several questions on the collection and utilisation of over Rs 100 billion Universal Service Fund (USF) and role of Finance Ministry in its utilisation, as some parliamentarians stated that it is allegedly reflected in
The federal government and provinces are said to have reached an agreement on controversial amendments in the Nepra Act called ''Generation, Transmission and Distribution of Electricity Act, 1997 (Act XL of 1997)'' here on Tuesday. Consensus was evolved a
The federal government and provinces are said to have reached an agreement on controversial amendments in the Nepra Act called 'Generation, Transmission and Distribution of Electricity Act, 1997 (Act XL of 1997)' here on Tuesday. Consensus was evolved at
The federal government and provinces are said to have reached an agreement on controversial amendments in the Nepra Act called 'Generation, Transmission and Distribution of Electricity Act, 1997 (Act XL of 1997)' here on Tuesday. Consensus was evolved at
Settlement of Rs 480 billion circular debt continues to haunt the present government after a sub-committee of the Senate Standing Committee of Finance has recommended that there are blatant violations in the payment and matter should be referred to FIA an
Settlement of Rs 480 billion circular debt continues to haunt the present government after a sub-committee of the Senate Standing Committee of Finance has recommended that there are blatant violations in the payment and matter should be referred to FIA an
Settlement of Rs 480 billion circular debt continues to haunt the present government after a sub-committee of the Senate Standing Committee of Finance has recommended that there are blatant violations in the payment and matter should be referred to FIA an
On Tuesday, BRIndex30 opened at 27,322.44 points. It touched an intraday high of 27,452.73 points and an intraday low of 27,018.00 points and closed at 27,129.79 points which was -192.65 points or -0.71 percent lower than previous close. Total volume was
On Tuesday, BRIndex30 opened at 27,322.44 points. It touched an intraday high of 27,452.73 points and an intraday low of 27,018.00 points and closed at 27,129.79 points which was -192.65 points or -0.71 percent lower than previous close. Total volume was
A bullish trend continued on Pakistan Stock Exchange on the back of healthy buying by local and foreign investors. The benchmark KSE-100 index, for the first time in its history, crossed 51,000 psychological level. The index closed at highest-ever level o
A bullish trend continued on Pakistan Stock Exchange on the back of healthy buying by local and foreign investors. The benchmark KSE-100 index, for the first time in its history, crossed 51,000 psychological level. The index closed at highest-ever level o
A bullish trend continued on Pakistan Stock Exchange on the back of healthy buying by local and foreign investors. The benchmark KSE-100 index, for the first time in its history, crossed 51,000 psychological level. The index closed at highest-ever level o
A new IMF report on regional outlook noted foreign-financed infrastructure spending as a key driver in propelling growth in oil importing countries, including Pakistan where implementation of the China-Pakistan Economic Corridor will boost investment. Pak
A new IMF report on regional outlook noted foreign-financed infrastructure spending as a key driver in propelling growth in oil importing countries, including Pakistan where implementation of the China-Pakistan Economic Corridor will boost investment. Pak
A new IMF report on regional outlook noted foreign-financed infrastructure spending as a key driver in propelling growth in oil importing countries, including Pakistan where implementation of the China-Pakistan Economic Corridor will boost investment. Pak
A new IMF report on regional outlook noted foreign-financed infrastructure spending as a key driver in propelling growth in oil importing countries, including Pakistan where implementation of the China-Pakistan Economic Corridor will boost investment. Pak
Adviser to Prime Minister on Foreign Affairs Sartaj Aziz on Tuesday said that Bab-e-Dosti crossing point between Afghanistan and Pakistan will not be re-opened till Kabul addresses reservations of Islamabad. He stated this during a meeting with Afghanista
Adviser to Prime Minister on Foreign Affairs Sartaj Aziz on Tuesday said that Bab-e-Dosti crossing point between Afghanistan and Pakistan will not be re-opened till Kabul addresses reservations of Islamabad. He stated this during a meeting with Afghanista
Prime Minister Nawaz Sharif and Interior Minister Chaudhry Nisar Ali Khan held two meetings during 24 hours, Aaj News reported on Tuesday. They held detailed discussion on Dawn Leaks inquiry report and contents of the new notification. The governme
Prime Minister Nawaz Sharif and Interior Minister Chaudhry Nisar Ali Khan held two meetings during 24 hours, Aaj News reported on Tuesday. They held detailed discussion on Dawn Leaks inquiry report and contents of the new notification. The governme
Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than those brought under FE Circular No: 45 of 1985) and on deposits (brought under FE Circular No: 45 of 1985) - issued by the Foreign Exchange Rates Commi
Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special US Dollar bonds and profits thereon by all banks and also for providing forward cover on foreign currency d
On Monday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 2,895. The total traded value of Metals, Energy and COTS/FX was recorded at PKR 3.533 billion and the number of lots traded was 12,308. Major business was contributed by gol
Chicago Board of Trade (CBOT) wheat futures fell on Monday on technical selling and improving forecasts that eased worries about excessive US wetness, traders said. CBOT July wheat settled down 8-3/4 cents, nearly 2 percent, at $4.33-1/2 per bushel, after
Euronext wheat futures were lower on Monday, dragged down by weakness in Chicago although a tender issued by major importer Algeria helped to limit losses. December milling wheat on the Paris-based Euronext exchange ended 1.25 euros, or 0.7 percent, lower
Palm oil on the European vegetable oils market was mostly firmer on Monday following the trend in Malaysian palm oil futures on the back of talk of solid demand ahead of Ramadan, which starts later this month. Asking prices for palm oil were between $17.5
Asia's naphtha cracks edged up 0.4 percent to reach a five-session high of $68.25 a tonne while that for gasoline was also at a five-session high after climbing 4.1 percent to $9.30 a barrel. Raw material Brent crude holding below $50 has helped boost cra
The Karachi Port handled 195,262 tonnes of cargo comprising 166,730 tonnes of import cargo and 28,532 tonnes of export cargo including 6,678 loaded and empty containers during the last 24 hours ending at 0700 hours on Tuesday. The total import cargo of 16
Small business was witnessed on the cotton market on Tuesday during the day, dealers said. The official spot rate was unchanged at Rs 6700, they said. In ready session, approximately 1400 bales of cotton changed hands between Rs 6700-6940, they said. Some
Export premiums for hard red winter wheat shipped from the US Gulf Coast firmed on Monday, supported by recent declines in futures and expectations that US wheat was priced competitively for sale to Iraq, traders said. Major global wheat buyers - includin
The world's biggest temporary staffing group Adecco reported Tuesday a 22-percent jump in net profit, buoyed by rising demand in France and Italy. The 176 million euros ($192 million) earned in the first three months of the year beat the 164 million expec