Govt borrows Rs1 trillion in a month

The govt again went beyond its target to borrow through PIBs mounting debt close to Rs1 trillion in one month.

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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

WEF praises Pakistan’s innovation

WEF notes that Pakistan has ensured technology affordability to businesses and individual consumers.

Stocks tumble 475 points on profit-taking

Stocks tumbled more than 1.6 per cent as ‘banks’ were believed to have resorted to heavy profit-taking in key stocks.

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.

$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.

Highlights

UK to provide £200m for enterprise, asset growth

UK’s Department for International Development will provide £200m for enterprise and asset growth initiative in Pakistan.

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.

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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