Business
Business
Non-release of funds: Majority of development projects in doldrums
With huge revenue slippages and substantial additional expenditures arising out of security operations and the resettlement of displaced persons, the…
Rupee report: Rupee mixed against dollar
The rupee gave a mixed performance against the dollar last week. It fell in the first couple of trading sessions…
HBL in the spotlight
With an asset base of a mammoth Rs1.77trn, Habib Bank Ltd is currently involved, at various stages, in potentially acquiring…
Interest payment on domestic debt up 18pc in July-Jan
KARACHI: Interest payment on domestic debts showed a growth of 18.2 per cent during July-January period of 2014-15. The government’s…
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…
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…
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…
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…
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…