Dollar reaches Rs306 against rupee
Karachi: Dollar reached Rs 306 in open market after an increase of $ 1 against rupee. In interbank trading, dollar gained 59 paisas and reached Rs 287.15 against domestic unit. Dollar gained record Rs 2.18 against rupee in interbank trading session a...
Asia to drive oil demand growth
DUBAI: Asia will lead oil demand growth of around 2 million barrels per day (bpd) in second half of year, senior executive at Vitol said, an increase that could potentially lead to shortage of supply and drive up prices. International benchmark Brent...
President calls for promoting clean, environment-friendly transportation
ISLAMABAD: President Dr Arif Alvi called for promoting clean and environment-friendly transportation in country to mitigate pollution and make Pakistan clean and green. President, talking to delegation of a local electric bike manufacturing com...
NA Speaker, Dar discuss economic, political situation
ISLAMABAD: Speaker National Assembly Raja Pervaiz Ashraf called on Minister for Finance and Revenue Senator Ishaq Dar and discussed overall economic and political situation of country. Minister said that current government had inherited economic woes...
Inflation could reach new heights in May: report
Karachi: Inflation is likely to hit fresh peaks and is projected to reach over 37 percent year-on-year (YoY) in May against 36.4 percent recorded in April, JS Global Securities, brokerage house said in report. “We expect datapoint to clock in a...
Rupee settles at 286.56 against dollar
Karachi: Rupee registered losses against dollar, depreciating 0.26 percent in inter-bank market. At close, domestic unit settled at 286.56, loss of 0.74 paisa as per State Bank of Pakistan. In open-market, dollar hit record level of 306 against rupee...
Bears dominate bourse, KSE-100 falls 404pts on selling
Karachi: Negative session was witnessed at bourse to mark start of week, as benchmark KSE-100 Index lost over 400 points while volumes declined. Volumes remained sluggish across board, with third-tier equities leading pack. At close, KSE-100 Index wa...
Ishaq Dar, JP Morgan UAE MD discuss economic situation
Islamabad: Finance Minister Ishaq Dar met delegation comprising representatives of world renowned investment companies led by JP Morgan UAE Managing Director Imran Zaidi, finance division statement said. During meeting, delegation discussed economic...
Internal unrest remains hurdle in way of strengthening economy, says Ahsan Iqbal
ISLAMABAD: Minister for Planning, Development and Special Initiatives Ahsan Iqbal stressed need for ending tendencies of intolerance, hatred, biasedness from society so that an environment of unity, harmony and peaceful co-existence could be created....
Prominent businessman Lootah calls on acting Gov Durrani
KARACHI: Abdullah Nasser Lootah Vice Chairman Nasser Abdulla Lootah Group, businessman from UAE and sponsor of Summit Bank called on acting Sindh Governor Agha Siraj Durrani. Board of Director Salman Fazli and President Summit Bank Jawad Majid Khan w...
