ECC approves duty-free import of 0.3m tonnes of wheat to mitigate ongoing crisis
Committee also directs Punjab and Passco to release wheat stocks to overcome country-wide shortage.
Capitalism seen doing 'more harm than good' in global survey
Lack of trust in capitalism highest in Thailand and India at 75pc and 74pc respectively.
Oil import bill falls by 20pc in first half of current fiscal year
Total oil imports amount to $6.14 billion as compared to $7.66bn during the same period last year.
Automakers expect a bumpy ride ahead
'Nobody wants to go for expansion because of poor economic and political conditions'.
PSX gears up for the year’s first IPO
A small number of active blue-chip companies are now touching their fair values.
Sugar industry conundrum
The sugar cane crop was cultivated on 1.4m hectares (around 3.5m acres) in 2018, ...
India says no meeting with Malaysia in Davos as palm row simmers
“As part of a larger meeting of trade ministers they may be both together, but there's no meeting," says official.
Govt to screen Rs4.03tr investments in savings schemes
Decision comes as part of compliance with FATF recommendations.
Pakistan wants US to get it off FATF grey list
Meeting of global terror financing monitor to be held in Beijing next month.
CAD shrinks 66.5pc
The major reason for the fall in current account deficit was the sharp decline in import bill.
EXCHANGE RATES
Exchange Rates for Currency Notes
| Countries | Selling (Rs.) | Buying (Rs.) |
|---|---|---|
| U.S.A. | 155.15 | 154.45 |
| U.K. | 204.00 | 201.00 |
| Euro | 172.50 | 170.50 |
| Japan | 1.4400 | 1.4100 |
| Saudi Arabia | 41.35 | 40.95 |
| U.A.E. | 42.35 | 41.95 |
Highlights
Aurora
BULLION RATES
| City | Gold (24-ct) | Silver |
|---|---|---|
| Karachi | 76,560 | 883.35 |
| Multan | 75,440 | 857.00 |
Business & Finance
Transport fuels startup funding scene
Airlift, Cheetay and Bykea ride away with the lion’s share of overall investment, picking up $27.7 million in 2019.
No signs of rebound
A survey by global market research firm Ipsos revealed that the trust of the people in Pakistan’s economy has weakened.
Dispensable objects
When media owners get their expensive cameras insured and leave the cameraman uncovered,...
Weekly rupee-dollar parity
Published in Dawn, The Business and Finance Weekly, January 20th, 2020