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SBP releases Rs64bn cash to cope with Eid withdrawals
Eid spending turned into heavy withdrawal from banks which created a cash crunch in the banking system, forcing the Central…
Stocks down by 160 points as bears rule the roost
Stocks were badly battered yesterday as investors ran for cover ahead of the long Eid holidays. The KSE-100 index declined…
Prices of petrol, diesel unchanged for 3rd consecutive month
The government decided earlier yesterday to keep the prices of petrol and high speed diesel (HSD) unchanged for the third…
Foreign investors’ concerns
More than a year into its tenure, the government has some positive progress to show for its time in power.…
India raises foreign investment limit in Insurence sector to to 49%
The Indian government has decided to almost double the foreign investment limit in the insurance sector in an important piece…
Remittances double in Ramazan
Remittances from overseas Pakistanis have doubled during the last 10 days of Ramazan, and are expected to be around $2…
Better sales despite high prices
Eid shopping is gaining momentum as improved law and order situation has facilitated buyers to visit shopping centres. Market traders…
PIA gets fuel efficient Airbus A-320
Pakistan International Airlines (PIA) has acquired another fuel-efficient Airbus A-320 on lease from Ireland for six years as part of…
SEC’s Facebook IPO probe ends
Facebook Inc said the U.S. Securities and Exchange Commission dropped its probe into the social networking company over events surrounding…