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PSX closes flat after day-long negativity
The chemicals sector dominated the day's trading with 22.8m shares traded.
Import duty on eatable, luxury items raised by up to 50pc
Prices of wheat, sugar, vegetables, fruits, cosmetics, electronics and cars will go up.
US firm offers ‘coal to chemicals’ technology
Emissions of coal-fired power plants are stored and out of them different chemicals are produced through technology.
Oil market nervous on Iraq-Kurdistan crisis
Conflict would hit oil exports from Iraqi Kurdistan, currently estimated at around 650,000 barrels per day.
Mexico, Canada poised to push back over US Nafta demands
Proposals to reshape Nafta to help shrink US trade deficits have clouded the talks to modernise the 23-year pact.
Stocks turn red as support fund euphoria fizzles
Bulls were driven away only after a day of rampage on the stock market.
Pakistan offers lowest bid for Iraq’s rice tender
No decision about a purchase was believed to have been made in the tender.
China tries to reassure foreign companies, promises openness
Beijing will open its markets further, reassure foreign companies.
Britain and EU clash over Brexit ‘time pressure’ claim
“They’re using time pressure to see if they can get more money out of us — it’s obvious to anybody.”
Law lacks mode of service of tax notices
PTBA feels lack of method to serve notices will cause revenue loss.
BULLION RATES
| City | Gold (24-ct) | Silver |
|---|---|---|
| Karachi | 45,342 | 668.57 |
| Multan | 45,270 | 685.00 |
EXCHANGE RATES
Exchange Rates for Currency Notes
| Countries | Selling (Rs.) | Buying (Rs.) |
|---|---|---|
| U.S.A. | 106.80 | 107.80 |
| U.K. | 140.75 | 142.00 |
| Euro | 125.40 | 126.65 |
| Japan | 0.9439 | 0.9639 |
| Saudi Arabia | 28.35 | 28.60 |
| U.A.E. | 29.05 | 29.30 |
Highlights
Aurora
Is iPhone X Samsung’s most profitable product?
Even if the new iPhone X has record-breaking sales, Samsung still pocket $110 for every unit sold!
For the love of Meat One
Meat One, the premium brand of Al Shaheer Foods, launched a new campaign in July, aimed at repositioning the brand.
How China is keeping Pakistanis cool
With the proliferation of Chinese air-conditioner brands, local brands need to constantly innovate to stay relevant.
Business & Finance
A balancing act to keep IMF at bay
Central bank acknowledges the govt will have to rely on foreign borrowing as effort to increase exports will take time.
Railroading reforms
The subject was taken up in a curious manner.
Green banking gets ready to take off in Pakistan
The central bank wants banks and DFIs to tap all opportunities of financing environment-friendly activities .
Bank investments rise by 13.07pc
Borrowings by all scheduled banks increased in the week under review by 1.34pc
Rupee downslide continues
The current rupee/dollar parity trend suggests that the dollar could soon hit the Rs108 barrier against the rupee.