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Govt grants oil exploration license to Kuwaiti firm
KUFPEC subsidiary to explore Makhad block; minister says the move will attract investment and bear fruit in future.
Fiscal blowout as deficit jumps to 5pc, revenues flat
Defence and debt servicing remain fastest growing expenditure items.
Stocks recover 1,195 points amid support fund speculation
Rupee rises to Rs151.9 in interbank market and Rs153 in open market.
India stocks to climb a bit more if Modi wins decisively
BSE Sensex index has risen by its biggest amount after exit polls showed that Modi-led party will retain power in India.
Foreign investment halves to $1.4bn
Inflows from China, leading investor in the country, declined by 72 per cent to $429m during the July-April period.
NAB arrests 3 suspects linked to Nooriabad power project over 'misappropriation, money laundering'
Arrests made during inquiry into fake accounts case; suspects allegedly caused $16m loss to exchequer.
WeChat Pay, Alipay banned by Nepal for being unregistered, authorities say
Nepal Rastra Bank's spokesperson says Chinese tourists widely use the digital payment platforms for transactions.
Imports shrink, exports stagnate, FDI plummets: Current account deficit drops 27pc
CAD in April declined to $1.24bn, down 45.4pc from $2.275bn in April 18; Inflows from China declined 72pc to $429m.
Stocks jump 191 points on value-hunting
Market took off to a dismal start due to distress over the higher than expected policy rate hike of 150 basis points.
Over 450 foreign firms attend N. Korea trade fair despite sanctions
That number would make it the largest trade fair hosted by North Korea.
EXCHANGE RATES
Exchange Rates for Currency Notes
| Countries | Selling (Rs.) | Buying (Rs.) |
|---|---|---|
| U.S.A. | 152.50 | 154.00 |
| U.K. | 192.00 | 194.00 |
| Euro | 169.00 | 171.00 |
| Japan | 1.3500 | 1.3900 |
| Saudi Arabia | 40.20 | 40.70 |
| U.A.E. | 41.00 | 41.50 |
Highlights
Aurora
BULLION RATES
| City | Gold (24-ct) | Silver |
|---|---|---|
| Karachi | 61,300 | 745.88 |
| Multan | 59,920 | 729.00 |
Business & Finance
Tough times ahead
Independent economists estimate a loss of almost one million jobs during the IMF programme.
Tracking IMF’s performance
Of the last six programmes, Pakistan has completed two: the 2000 and 2013 ones.
Politics around the IMF package
The IMF deal offers the opposition an endless buffet of contentious points to choose to critique on.
KSE 100-share index fluctuations
The chart shows this week's performance in the PSX.