Ministry set to auction 3G, 4G licences despite more roadblocks

The senate body’s recommendations will not stop the auction process to be held on April 23.

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3G and 4G auction to yield $1.3bn, says Dar

The fee would be recovered within five years, and the licence would be valid for 15 years.

Stocks retreat by 107 points

Stocks on Thursday saw pullback with the KSE-100 index closing down by 107.81 points to 29,350.34.

ECC approves Rs1.6 billion Ramazan package

ECC of the cabinet approved a relief package of Rs1.624bn for providing subsidy on various edibles during Ramazan.

16 MoUs signed at business meeting

Over 300 representatives of the private and public sectors from CARs, Afghanistan and Pakistan attended the conference.

Bulls stage spectacular rally of 362 points

Bulls tossed KSE-100 index up by 362.38 points to a high at 29,458.15 in a rally effectively led by foreign investors.

Sindh revenue collection jumps by 23pc

Revenue collection in Sindh between July 2013 and March 2014 stood at Rs23.7bn, witnessing an increase of 23 per cent.

Punjab textile units start downsizing

Several textile units have incurred losses due to short gas supply, long power cuts, appreciating rupee against US$.

Highlights

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.

Initiative helps bring down costs of remittances

Pakistan Remittance Initiative is helping exert downward pressure on costs of making remittances to South Asia, says WB.

Regional trade integration to help revive economy

Commerce Minister Khurram Dastgir Khan said regional trade integration and liberalisation was govt's top priority.

Eurobonds sale and their impact

With the healthy inflow from the Eurobond in the bag, the probability of a discount rate cut of 50bps has increased, as

Exchange companies under stress

Forex companies have started feeling the heat of changed market conditions after the recent rise in the rupee’s value.

Bullion rates
City Gold (24-ct) Silver
Karachi 42,085 642.85
Multan 41,060 686.00
Exchange Rates

Exchange Rates for Currency Notes

CountriesSelling (Rs.)Buying (Rs.)
U.S.A. 98.00 98.25
U.K. 163.60 163.80
Euro 134.50 134.70
Japan 0.9500 0.9600
Saudi Arabia 26.00 26.20
U.A.E. 26.50 26.70
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