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PSX gains 389 points amidst restrained activity
Engineering, chemical and telecommunication sectors lead trading as KSE-100 inches close to the 46,000 mark.
Michael Kors buys Jimmy Choo for $1.2 billion
The London-listed luxury shoemaker had put itself up for sale in April as part of a strategic review.
Oil output increased 3pc in FY17
Production grew to more than 88,000 barrels per day in 2016-17.
Urea makers threaten to stop sales again
FMPAC say govt has not issued a fertiliser subsidy notification so far.
CDWP approves 15 uplift schemes worth Rs99.4bn
These include five major projects of energy, transport and communications and physical planning worth about Rs88bn.
‘Growth to slow in MENA, Pakistan’
IMF's WEO projects growth will slip to 2.6pc before recovering in 2018.
Non-textile exports fall
Exports fall by 4pc year-on-year despite government support.
IMF could be based in Beijing in a decade: Lagarde
Move "a possibility" as Fund will need to increase representation of major emerging markets as their economies grow.
PSX commences week on positive note as benchmark index advances 235 points
The communication sector led activity at the bourse, with 26.8 million shares traded.
Abdullah appointed acting SECP chairman as govt suspends Hijazi
Govt issues separate notifications suspending Hijazi and appointing "senior most commissioner" as acting chairman.
BULLION RATES
| City | Gold (24-ct) | Silver |
|---|---|---|
| Karachi | 43,885 | 625.71 |
| Multan | 43,460 | 625.00 |
EXCHANGE RATES
Exchange Rates for Currency Notes
| Countries | Selling (Rs.) | Buying (Rs.) |
|---|---|---|
| U.S.A. | 107.25 | 107.55 |
| U.K. | 139.00 | 140.75 |
| Euro | 124.75 | 125.95 |
| Japan | 0.9300 | 0.9600 |
| Saudi Arabia | 28.35 | 28.55 |
| U.A.E. | 29.30 | 29.55 |
Highlights
Aurora
The dos and don’ts of video marketing
The key factors marketers need to keep in mind when creating and publishing online videos for their brands.
How not to mock your audience
If we want people to like us advertisers again, we have to give them some respect and some reward for their time.
Why Shah Rukh Khan is a better marketer than an actor
Five marketing lessons we can learn from Shah Rukh Khan.
Business & Finance
Crisis leaves SECP boat rudderless
“Embroiled in its own troubles, how will the regulator regulate the regulatees?”
Bankers fear rupee will fall again
Treasurers almost certain SBP would not hesitate in letting the rupee fall again.
Bahawalpur tragedy hastens oil infrastructure projects
Investigations into the recent accidents have brought to the fore the vulnerabilities associated with transporting
Rupee report: Rupee’s downtrend continues
The SBP continued dollar supply to cater to import payments, restricting the local currency from falling sharply
Banking industry is facing organic stress
“Progress in the rapidly evolving scenario lies in cross-industry collaboration as the
value-chain participants alone