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Paralysis engulfs SECP amidst fear and suspicion
Cases of insider trading, front-running halted following FIA enquiry and suspenstion of chairman Hijazi.
Stocks down 5pc in turbulent week on panic-selling
Analysts attribute the surge in selling to the typical retail investor psyche.
Oil tankers to go on strike as safety talks with Ogra fail
Energy ministry will hold a meeting of stakeholders on Monday.
Govt to raise up to $1bn through eurobond
Preparations for launching the eurobond are at an initial stage.
Report on rupee depreciation due next week
SBP earlier said the exchange rate adjustment would address the emerging imbalance in external account.
Chinese companies to assemble trucks, buses in Pakistan
Sinotruck Limited and Shanghai Sunlong express interest in establishing assembling units in Pakistan.
Govt asked to shift Afghan cargo handling to Gwadar
The move will help ease congestion at Karachi port.
Rs1.71 reduction in power tariff likely next month
K-Electric consumers to get no benefit.
Large-scale manufacturing growth hits four-year high
LSM expanded by 5.6 per cent in 2016-17.
Japan is long-term trade partner: Dar
Japanese ambassador informs finance minister about new investments being made by Japanese companies here.
BULLION RATES
| City | Gold (24-ct) | Silver |
|---|---|---|
| Karachi | 43,628 | 625.71 |
| Multan | 43,120 | 643.00 |
EXCHANGE RATES
Exchange Rates for Currency Notes
| Countries | Selling (Rs.) | Buying (Rs.) |
|---|---|---|
| U.S.A. | 106.50 | 106.70 |
| U.K. | 136.50 | 137.00 |
| Euro | 123.75 | 125.25 |
| Japan | 0.9553 | 0.9753 |
| Saudi Arabia | 28.20 | 28.45 |
| U.A.E. | 28.85 | 29.15 |
Highlights
Aurora
Business & Finance
Banks’ future lies outside comfort zone
As Pakistan turns 70, banks realise that in order to grow and prosper they need to help build a new economy
Private sector money eludes infrastructure projects
Many blame the absence of private investors in infrastructure development for growing gaps in the country.
Looking forward — business leaders’ perspective
We asked business leaders the following questions:
Bank assets increase by 0.05pc
Investments of all scheduled banks fell by 0.46pc
Rupee trades firm against dollar
Insignificant demand from the corporate sector and importers kept the dollar flat against the rupee