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…

6 Min Read

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…

4 Min Read

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…

7 Min Read

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…

2 Min Read

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…

2 Min Read

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…

1 Min Read

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…

1 Min Read

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…

1 Min Read

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…

3 Min Read