Business
Business
Rupee strengthens, stocks end lower
Overnight rates in the money market rose to 9.25 per cent from Wednesday's close of 9.00 per cent. Pakistani stocks…
Upcoming KP budget to be above Rs0.4 trillion
The Khyber Pakhtunkhwa budget for fiscal year 2014-15 is likely to be above Rs0.4 trillion as budget recommendations with Rs139…
Remittances increase by 12.37pc in July-May 2013-2014
Overseas Pakistani workers remitted $14.33 billion in the first 11 months (July- May) of the current fiscal year, a growth…
Insurance broker Willis offers sharia compliant real estate cover in UK
One of the world’s oldest insurance brokers, Willis Group Holdings, will offer sharia-compliant commercial real estate coverage in Britain for…
Investment related growth in Pakistan to improve: World Bank
The World Bank has projected that the investment growth rate in Pakistan, which declined for several years in the past,…
Govt. sells its shares in UBL
The Secondary Public Offering (SPO) of the government’s residual holding in United Bank Limited (UBL) offered at the ‘floor price’…
Hike in gas levy, power tariff opposed by upper house
The Senate Standing Committee on Finance and Revenue has opposed heavy increase in gas infrastructure development cess (GIDC) and a…
New textile Incentives package to boost textile exports by $2bn: minister
“The implementation of the new textile package, to be announced next month, would help boost the export of value-added products…
Aptma (Punjab) threatens to go on indefinite strike
The provincial chapter of the All Pakistan Textile Mills Association (Aptma) has threatened to close all textile mills over the…