Business
Business
Stocks stage spectacular rally of 507 points
Karachi: Stocks staged surprise rally on Monday with the KSE-100 index gaining 506.59 points (1.53 per cent) to close at…
WB approves Indus project to increase farmers market access
Islamabad: The World Bank has given its go ahead to the Indus Ecoregion Community Livelihood project, being developed by WWF-Pakistan…
China to invest $1.8b in PR infrastructure
Lahore : A Chinese consortium will invest $1.8 billion in the Pakistan Railways (PR) infrastructure to facilitate transportation of fuel…
Inflation creeps up after unusual fall
Islamabad: Pakistan’s annual inflation rose to 3.16 per cent in May from 2.11pc in the previous month, driven by a…
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…
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…
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…
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…
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…