Business
Business
Sugar Row: Mills & growers offered compromise
The Sindh government offered yesterday to reduce the minimum purchase price of sugarcane to around Rs168 and Rs170, down from…
Massive govt. borrowing from pvt. banks creates liquidity crunch
The government borrowed extensively from the market (scheduled banks) rather then the SBP, as a matter of policy in the…
“FIs must treat their consumers fairly” SBP Chief Ashraf Wathra
Financial institutions must ensure that their consumers are treated fairly, the State Bank’s governor said yesterday emphasizing that increase in…
KSE index touches all time high
The Karachi Stock Exchange (KSE) rose 286 points or 0.85 per cent yesterday with the benchmark 100-index reaching an all-time…
richest 1% of the world own more then 99% combined
Wealth accumulated by the richest one per cent will exceed that of the other 99pc in 2016, the Oxfam charity…
Draft Textile policy approved by Fed. Textile Ministry
A high-level meeting approved the draft textile policy and hoped it would be tabled for discussion next time the Economic…
SBP expected to cut Discount rate by 50 basis points
With most economic indicators justifying monetary easing in the next policy announcement, a majority of analysts expect the State Bank…
Bulls roar at KSE last week
The stock market registered an increase for the fourth consecutive week as expectations of a discount rate cut and return…
Smartphone penetration gradually increasing
Both conventional retailers and e-commerce portals have witnessed a significant jump in their smartphone sales in recent months. The retailers…