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Business

Trading steady on cotton market

Trading was steady on the cotton market yesterday as buyers kept looking for quality lint which is running in short…

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SBP injects Rs.585bn into banking system

The State Bank on Friday injected Rs585 billion into the banking system, because of a liquidity crunch. The State Bank…

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Siemens Pak. announces Rs10 dividend

In a meeting held in Dubai on Friday, the board of directors of Siemens Pakistan Engineering Company approved accounts and…

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Large-scale manufactuering expands by 2pc in July-Oct

Large-scale manufacturing (LSM) posted a paltry growth of 1.95 per cent during the first four months of this fiscal year.…

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Weekly inflation dips another 0.22pc

Weekly inflation for combined income group, measured through the Sensitive Price Index (SPI), witnessed a slight decline of 0.22 per…

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Stock index rises by 184 points in overnight rally

Stocks extended the rally yesterday with the KSE-100 index adding 183.70 points to close at 31,011.15. Investors were relieved over…

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ECC allows NBP to invest Rs.6.5bn in its Bangladesh branch

The Economic Coordination Committee of the Cabinet (ECC) on Friday has allowed National Bank of Pakistan (NBP) to invest Rs. 6.5…

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Nepra approves Rs2.97 decrease in power tariff

The National Electric Power Regulatory Authority (Nepra) earlier today approved a Rs2.97 per unit cut in power tariff under the…

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Cotton market lacks buyers

The cotton market had few buyers yesterday in the aftermath of schoolchildren’s killing in Peshawar. Floor brokers said sentiment in…

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