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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Round three of 3G spectrum licenses auction concludes

The third round of auction concluded with a total addition of $11.8 million to the opening

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.

Stocks regain 313 points on foreign buying

Shares clinched strong gains on Tuesday with KSE-100 index up by 313.07 points or 1.08 per cent to close at 29,191.84.

Gwadar to be functional in five years: Fatemi

‘Foreign policy is based on commercial interests’

PTA to sue Reuters for ‘fabricated’ report on 3G auction

PTA says Reuters tried to damage the 3/4G auction process, through which the govt expects to raise at least $1.3billion

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 42,300 642.85
Multan 41,750 686.00
Exchange Rates

Exchange Rates for Currency Notes

CountriesSelling (Rs.)Buying (Rs.)
U.S.A. 99.40 99.65
U.K. 166.30 166.50
Euro 136.50 136.70
Japan 0.9600 0.9700
Saudi Arabia 26.40 26.60
U.A.E. 26.95 27.15
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