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…

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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…

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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…

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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…

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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,…

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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’…

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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…

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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…

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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…

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