Business
Business
Bank profits jump by 44pc in 3rd quarter
Banks earned Rs176 billion profit in the July-Sept quarter of this calendar year, recording a 44 per cent increase over…
IFC invest $67m in Bank Alfalah
The State Bank of Pakistan (SBP) has officially authorized the International Finance Corporation (IFC) to conduct comprehensive due diligence on…
Wrong figure plunges stock market into chaos
The stock market yesterday was a picture of complete chaos and confusion. As nervous investors scrambled to offload the benchmark…
Pakistan Steel cuts production target by 10%
Pakistan Steel has revised its production target for November to 50 per cent from 60pc set by the government. “With…
Foreign reserves fall to $13.228bn
The country’s total liquid foreign exchange reserves declined to $13.228 billion during the week ending November 14 compared to $13.267bn…
Textile exporters slam 3 month gas plan
Textile exporters strongly condemn the three month gas suspension plan for industries in Punjab, saying that the move will adversely…
Bears run riot at KSE
Stock market came under 'bear attack' as panic gripped investors who decided to book profit in the lead of mutual…
Letter of Interest for 660MW coal power project in Thar signed
As government issued letter of interest (LoI) for setting up a 660MW coal power project in Thar to be completed…
Cotton prices fall for third consecutive day
Official spot rates of cotton were lowered for the third consecutive day yesterday and most deals on ready counter were…