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Energy subsidies benefit the rich more then the poor: WB
A new report released yesterday by the World Bank (WB) on inequality in South Asia, says that energy subsidies have…
First phase of Pak Chinese Economic Corridor approved
ISLAMABAD: The Executive Committee of the National Economic Council (Ecnec) on Thursday approved eight development projects worth Rs157 billion, including…
Banks sell dollars due to liquidity crunch
Selling of dollars by many cash-starved banks to generate liquidity has mounted pressure on the rupee against the greenback, according…
Turks interested in investing in Pakistan
A Turkish business delegation led by Governor Ankara Mehmet Kiliclar visited the defence exhibition IDEAS-2014 yesterday. On the occasion, Governor…
US envoy enthusiastice about promoting business ties
The US-Pakistan relationship should continue to grow, but it should be less about what the two governments can do and…
SECP lifts ban on KSL’s trading activities
KASB Securities Limited (KSL) was back in business yesterday after the Securities and Exchange Commission of Pakistan (SECP) lifted its…
Lower cotton prices attract buyers
Falling cotton prices yesterday attracted buying from some mills and exporters who indulged in short covering to meet their near-future…
No monetary expansion in July-Nov
Monetary expansion went down to almost zero per cent in the first five months of this fiscal year, a situation…
Sukuk market to change as investor appetites start shifting
The market for sukuk, or Islamic bonds, looks set to enjoy another year of expansion, but some investors are planning…