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Return on PIBs cut by up to 44bps
Karachi:The government has further slashed the cut-off yield on Pakistan Investment Bonds (PIBs) on Wednesday, but their risk-free charm continued…
Pakistan, Iran eye trade at $5 billion
Islamabad: Pakistan and Iran have agreed on a five-year trade facilitation plan to enhance bilateral trade to $5 billion. The…
Index sheds 269 points after four-day rally
Karachi: The four-day rally at the stock market that saw the KSE-100 index gain 3.7 per cent came to a…
Govt may allocate Rs575bn for development in next budget
Islamabad: The federal government is expected to allocate Rs575 billion for the Public Sector Development Programme (PSDP) and increase salary…
New REIT regulations ease funds creation
Islamabad: The Securities and Exchange Commission of Pakistan (SECP) has notified new regulations for the Real Estate Investment Trust (REIT),…
Textile exports decline 16pc in March
Islamabad: Exports of textile and clothing witnessed a negative growth of 16.23 per cent to $1.033 billion in March 2015…
Rupee strong against dollar
The rupee displayed a strong performance against the dollar last week, aided in part by the increase in foreign exchange…
Car assemblers reluctant to cut prices
Karachi: Falling world steel prices, a weaker Japanese currency and low transportation cost on account of drop in diesel prices…
Revenue collection rises 12pc in July-March
Islamabad: The Federal Board of Revenue’s (FBR) collection rose 12.2 per cent to Rs1,766.819 billion during first nine months (July-March)…