Business
Business
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…
Reserves at $17.49bn
Karachi: The country’s total liquid foreign exchange reserves stood at $17.494 billion during the week ending May 22 compared to…
Exim Bank to push up US exports
Karachi: Pakistan is becoming more attractive for the United States as a trade partner and an investment destination, said Raymond…
Stocks stage 332-point rally
Karachi: Stocks staged a robust rally on Wednesday with the KSE-100 index closing with gain of 332.24 points (1.02 per…