Thousands of workers sent home amid plummeting sales, claim auto vendors
"I see more joblessness in case the sales slowdown continues in the next two to three months," says Paapam chairman.
PM heaps praise on team for ‘economic turnaround’
Imran asked ministries to bring down prices of wheat, sugar, cooking oil, fruit and vegetables, says Firdous.
Stocks retreat in jittery week
The KSE-100 index declines 606 points (1.76 per cent) and closes at 33,870.
UAE offers Pakistan access to its labour market database
The initiative will provide Pakistan updated information of job opportunities in the UAE’s labour market.
Boeing pilots saw MAX system problems in 2016
Shares tumbled Friday as aviation experts said the revelations could further delay the plane’s return to service.
Huawei in early talks with US firms to license 5G platform
Senior vice president says some firms have expressed interest in both a long-term deal or a one-off transfer.
Former IMF chief Lagarde takes swipe at Trump's Twitter habits
“Market stability should not be the subject of a tweet here, a tweet there. It needs consideration, rational decisions.”
Current account deficit shrinks by a massive 64pc
Reduced CAD is a positive omen for the government, which is struggling with slow economic growth and high inflation.
Pakistani delegation briefs IMF, WB and ADB officials on economic measures in meetings
The Pakistan delegation, headed by PM aide Abdul Hafeez Sheikh, is in Washington for IMF-WB annual meetings.
Pakistan escapes FATF blacklist, but gets warning
Finance ministry reaffirms commitment to implementing watchdog’s action plan, says FATF maintained status quo.
EXCHANGE RATES
Exchange Rates for Currency Notes
| Countries | Selling (Rs.) | Buying (Rs.) |
|---|---|---|
| U.S.A. | 156.10 | 155.10 |
| U.K. | 200.50 | 199.50 |
| Euro | 173.50 | 172.50 |
| Japan | 1.4500 | 1.4200 |
| Saudi Arabia | 41.60 | 41.45 |
| U.A.E. | 42.60 | 42.45 |
Highlights
Aurora
BULLION RATES
| City | Gold (24-ct) | Silver |
|---|---|---|
| Karachi | 74,588 | 857.34 |
| Multan | 73,900 | 891.00 |
Business & Finance
The wealth of the wealthiest
We live in a country where the true wealth of the richest is buried too deep to be listed on billionaires’ lists.
Policy confusions in gas business
KPMG concludes that the unbundling of Sui companies will not improve efficiency or profitability.
Weekly rupee-dollar parity
Chart by RA
Published in Dawn, The Business and Finance Weekly, October 14th, 2019
KSE 100-share index fluctuations
Chart by Rehan Ahmed
Published in Dawn, The Business and Finance Weekly, October 14th, 2019