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Govt announces 5.28pc GDP growth; Dar optimistic despite missed target
GDP growth highest in 10 years, size of economy crosses $300bn mark for the first time.
Full-day report: KSE-100 closes flat ahead of federal budget
Volumes surged led by cement company stocks as the market remained almost stagnant.
FBR goes after bitcoin traders
The SBP does not recognise cryptocurrencies, such as bitcoin.
NTDC warns of looming capacity trap
Says added capacity without matching growth in demand will lead to higher capacity payments.
MQM-P wants govt to cut dependence on loans
"Political autonomy could not be achieved without economic independence," says Sattar
Govt raises Rs338bn through treasury bills
The fiscal deficit is expected to cross the projected target of 3.8 per cent for the current fiscal year.
India scraps foreign investment board in push for more FDI
Foreign investments to be cleared by individual ministries as panel for coordinating foreign investments scrapped.
Nisab fixed at Rs38,405
Zakat will be deducted from the profit-and-loss sharing accounts and all other saving accounts.
Railways signs fuel transportation pact with PSO
PSO will make full payment of transportation to Railways of all booked consignments within two weeks of time of booking.
Circular debt once again crosses Rs400bn mark
Water and power ministry briefs Public Accounts Committee on circular debt situation.
BULLION RATES
| City | Gold (24-ct) | Silver |
|---|---|---|
| Karachi | 42,771 | 625.71 |
| Multan | 42,610 | 651.00 |
EXCHANGE RATES
Exchange Rates for Currency Notes
| Countries | Selling (Rs.) | Buying (Rs.) |
|---|---|---|
| U.S.A. | 106.00 | 106.45 |
| U.K. | 137.00 | 138.50 |
| Euro | 118.25 | 119.75 |
| Japan | 0.9409 | 0.9609 |
| Saudi Arabia | 28.20 | 28.40 |
| U.A.E. | 28.90 | 29.10 |
Highlights
Aurora
In conversation with Adeel Hashmi, Head of TPL Maps
The challenges and opportunities of launching a street view mapping app in Pakistan.
From a kiryana to a superstore – the success story of Imtiaz Super Market
In conversation with Imtiaz Abbasi, MD, Imtiaz Super Market.
Aspiring to Amazon
Zain Suharwardy, MD, Daraz pk, on the evolution of Daraz.pk and the consumer trends which dictate online retail.
Business & Finance
Businesses face diverse emotions
Many leading local business groups were calm … second tier companies were nervous while for the struggling third tier
Tweaking the path to growth
The current growth rate calls for more effort than complacency
What is the future of manufacturing?
It’s time to decide if we want to grow and create jobs at home — or become a consumer society and export jobs elsewhere
Rupee weak against dollar
During the week, dollar on the interbank market gained against the rupee on a WoW basis
Bank deposits decrease
Borrowings by all scheduled banks decreased in the week under review by 1.90pc. Compared to last year’s corresponding