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Rupee devaluation drags index down 605 points
Commercial banking sector dominated trading by a margin with 50m shares traded.
FBR obtains information about Pakistanis' immovable properties in UK
The information is being analysed by the board for taking further action, according to an FBR statement.
Rupee falls 5.7pc against dollar in inter bank trade
Currency traders express concerns over weakening economy.
HEC to get $200m from World Bank for developing tertiary education
One of HEC's key priorities is to increase number of highly qualified faculty in higher education institutions.
HEC releases Rs400m for KU
The said grant is given for the promotion of academic and research activities at the KU.
UAE court dismisses criminal case against Abraaj's Arif Naqvi
Lawyers disagree over whether out-of-court deal is an interim or permanent settlement.
SC orders three-year audit of PSO pricing system
The apex court approves the terms of reference for conducting the audit by AGP, KPMG International.
1,223MW IPP to start operations this month
The project — located in Balloki, Kasur — was initiated in Nov 2015 and completed at a cost of $798.18m.
Oil imports show marginal growth
Sales of diesel and petrol rose by 6pc and 11pc to 9m tonnes and 7.396m tonnes in FY18.
IMF programme is likely after elections, says Shamshad
The minister defends the PSX underperformance.
BULLION RATES
| City | Gold (24-ct) | Silver |
|---|---|---|
| Karachi | 51,140 | 668.72 |
| Multan | 49,290 | 668.00 |
EXCHANGE RATES
Exchange Rates for Currency Notes
| Countries | Selling (Rs.) | Buying (Rs.) |
|---|---|---|
| U.S.A. | 128.50 | 129.00 |
| U.K. | 166.00168.0 | - |
| Euro | 148.00150.0 | - |
| Japan | 1.1000 | 1.1300 |
| Saudi Arabia | 33.50 | 34.00 |
| U.A.E. | 34.40 | 34.90 |
Highlights
Aurora
Business & Finance
On uncertain ground
Political instability that has pervaded the country for some time now is not really helping the economy
Nurturing electables
HISTORICALLY, Pakistan’s private sector, projecting a neutral image, preferred to watch electoral politics from ...
KSE 100-share index fluctuations
Chart by Rehan Ahmed
Published in Dawn, The Business and Finance Weekly, July 16th, 2018
Rupee report: Rupee remains firm
The rupee-to-dollar exchange rate traded in narrow range between Rs121.54 and Rs121.56.
Money Market: Bank investments rise by 2.04pc
Total assets of all scheduled banks stood higher by 3.16pc over preceding week’s figure.