Over 7pc growth in export of textile, clothing

The increase was due to the hike in export of raw cotton and low value-added products.

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Licence auction fetches $1.12bn

The auction of 3G, 4G licences fetched $1.12bn, putting it very close to the expected $1.2bn target set by the govt.

Pakistan joins the 3G club

Zong wins 4G licence; Mobilink claims 10MHz band for 3G; Ufone, Telenor happy with 5MHz

$1.1 billion raised from 3G, 4G auction

$903 million were raised for 3G mobile phone networks, as well as $210 million for the more advanced 4G spectrum.

Nawaz gives nod to five Boeing 777 jets for PIA

The PM also stressed the need to make PIA a profitable entity and said all efforts should be made in this direction.

Power tariff reduced for one month

Nepra approved a Rs1.02 per unit reduction in electricity tariff for next month due to a decline in fuel prices.

Flour crisis looming as millers go on strike

Flour mills in Karachi went on a strike on Tuesday for an indefinite period over harassment.

Corrective measures stabilise rupee: ADB

The monitor says that financial support by IMF, US govt and SBP's corrective measures have helped stabilise the rupee.

Highlights

Citizens reduce power consumption as prices go up

Forty-two per cent respondents of the survey claim to have witnessed instances of power theft.

Diamer-Bhasha will be top priority: new Wapda chief

Mehmood explained his working agenda, putting launch of 4,500MW Diamer-Bhasha Dam project on top of his priority list.

Local drugmakers cashing in on MNCs’ departure

Some seven local pharmaceuticals have already inititated projects costing Rs3 billion to Rs5bn in the last 2-3 years.

Poverty index launched

A multi-dimensional poverty index based on global MPI methodology for calculating poverty was launched on Thursday.

Dar eyes forex reserves at $15bn by end-Sept

Pakistan's forex reserves are currently at $11.67bn after SBP received $2bn on Wednesday through floating of Eurobonds.

US calls for more investment-friendly Indian government

The US govt said that it would like to see bilateral trade with India grow to $500 billion a year.

Bullion rates
City Gold (24-ct) Silver
Karachi 42,171 642.85
Multan 41,580 686.00
Exchange Rates

Exchange Rates for Currency Notes

CountriesSelling (Rs.)Buying (Rs.)
U.S.A. 99.25 99.50
U.K. 166.30 166.50
Euro 136.75 137.00
Japan 0.9600 0.9700
Saudi Arabia 26.40 26.60
U.A.E. 27.00 27.20
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