Business

Business

Cotton production reaches 14.838 million bales

KARACHI: Pakistan is poised to harvest bumper cotton crop of around 15 million bales this season (2014-15) as phutti (seed…

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US seeks to boost trade ties with Pakistan

LAHORE: There is a great potential for stronger economic and trade ties between the US and Pakistan and both countries…

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Forex reserves at $16.2 billion

The SBP reserves increased by $56 million to $11.123bn from $11.067bn, and the other banks’ holdings were $5.071bn as compared…

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Gold falls below $1,200

LONDON: Gold fell below $1,200 an ounce on Thursday, as the impact of a weak dollar was offset by a…

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World Bank assures to continue support for Pakistan’s development

ISLAMABAD: The World Bank would continue to support Pakistan in its efforts for economic development, its Vice President for the…

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Foreign buying pushes KSE-100 up by 527 points

KARACHI: Stocks continued to climb for the third consecutive day on Thursday with the index adding 527.19 points, or 1.72…

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Govt to reduce customs tariff slabs to five

ISLAMABAD: The government has decided to slash the customs tariff slabs to five from six in the Federal Budget 2015-16,…

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KSE climbed 371 points to overnight rally

KARACHI: The rally extended into the second day on Wednesday as the KSE-100 index climbed by 371.19 points, or 1.23…

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Inflation drops to decade’s lowest level

ISLAMABAD: Pakistan’s annual inflation eased to 2.5 per cent in March — the lowest level since September 2003 — from…

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