Business

Business

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…

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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…

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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…

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Foreign investors’ concerns

More than a year into its tenure, the government has some positive progress to show for its time in power.…

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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…

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Remittances double in Ramazan

Remittances from overseas Pakistanis have doubled during the last 10 days of Ramazan, and are expected to be around $2…

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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…

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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…

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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…

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