Business

Business

NEC approves 5.5% GDP growth target for 2015-16

The National Economic Council (NEC), chaired by Prime Minister Muhammad Nawaz Sharif here at the PM Office on Monday approved…

2 Min Read

K-Electric sells country’s largest corporate sukuk

Karachi: Karachi-based utility K-Electric has sold 22 billion rupee ($215.9 million) worth of seven-year Islamic bonds, the largest listed corporate…

1 Min Read

Dollar nears 104 in open market

The rupee fell steeply against the dollar in the open market last week, while staying close to the 102-level in…

4 Min Read

House financing lowest in Pakistan

Islamabad: Pakistan house financing is less than half a per cent of gross domestic product (GDP) which is one of…

2 Min Read

Stocks lose 79 points on profit-taking

Karachi: The earlier day’s rally proved short-lived as the investors scrambled to seek an exit from the market, pulling the…

2 Min Read

Reserves at $17.49bn

Karachi: The country’s total liquid foreign exchange reserves stood at $17.494 billion during the week ending May 22 compared to…

1 Min Read

Exim Bank to push up US exports

Karachi: Pakistan is becoming more attractive for the United States as a trade partner and an investment destination, said Raymond…

2 Min Read

Stocks stage 332-point rally

Karachi: Stocks staged a robust rally on Wednesday with the KSE-100 index closing with gain of 332.24 points (1.02 per…

2 Min Read

Govt relying on LNG, CPEC for higher growth

Islamabad: The government is banking on smooth imports of liquefied natural gas (LNG) and completion of some ‘early harvest projects’…

4 Min Read