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PSX closes week on positive note; benchmark gains 530 points
The engineering sector dominated the trading session with around 39m shares traded.
D8 needs to evaluate challenges to meet trade and economic goals: Abbasi
Prime minister addresses ninth D8 summit in Istanbul, hands over reins to Turkish leadership.
European business deals with Iran are safe: Tillerson
European trade with Iran has surged to around $16bn since the nuclear deal went into effect in January 2016.
GE shares plunge as it cuts profit forecast
GE reports a drop in third-quarter earnings due to continued weakness in the power and oil and gas businesses.
Withdraw tax on widows and pensioners, Dar orders FBR
Behbood Savings Certificates holders currently receive a 9.36 per cent rate of return per annum.
31 projects worth Rs360bn approved
Projects are in energy, water, transport, housing, health, technology, information technology, horticulture.
Pakistan Oilfields earns Rs2.53bn
The results are thought to be in line with market expectations.
Iraq slams deal between Rosneft and Kurds
The agreement came hot on the heels of Baghdad’s recapture from Kurdish forces of five oil fields.
Stocks stage 825-point rally
The index surges 825 points (2.02 per cent) to close at 41,558 points.
Only one foreign beverage brand up to the mark
Aquafina and Pepsico beverages were declared approved.
BULLION RATES
| City | Gold (24-ct) | Silver |
|---|---|---|
| Karachi | 45,428 | 660.00 |
| Multan | 44,920 | 668.00 |
EXCHANGE RATES
Exchange Rates for Currency Notes
| Countries | Selling (Rs.) | Buying (Rs.) |
|---|---|---|
| U.S.A. | 107.20 | 107.40 |
| U.K. | 141.00 | 142.25 |
| Euro | 126.50 | 127.75 |
| Japan | 0.9465 | 0.9665 |
| Saudi Arabia | 28.50 | 28.75 |
| U.A.E. | 29.20 | 29.75 |
Highlights
Aurora
Blue Band takes a position
Blue Band's new campaign aims to create awareness and change the stereotypes surrounding children with disabilities.
MCB’s big idea for small businesses
MCB launches Pakistan’s first SME credit cards.
Microfinance moves towards specialisation
In conversation with Ghalib Nishtar, President and CEO, Khushhalibank.
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.