Business

The rupee strengthened against the dollar at Rs123.3/123.5 in the inter-bank market

The board of directors of Silkbank Limited declared an operating profit of Rs1.729 billion

Financial institution has had bad experience with last two advisers

The gap between gas demand and supply has increased manifold leaving no choice but to resort to load management

Result below expectations even as net sales rise

Qualifies for bootstrapping process in China

Gas utility defends its position, saying domestic consumer  demand has increased

Country’s business community feels the time is right for a bargain

Would still be short of Rs10b to meet capital adequacy ratio despite acquiring Summit Bank

External debt servicing and other official payments cited as reason for decline

Benchmark index decreases 485.76 points to settle at 41,960.80

The currency fell to a fresh low of 70.40 to the dollar on Thursday

Erdogan made repeated calls for Turks to sell their dollars and euros

Pledges to extend full support to the new government, hoping it would prioritise to addressing the resident grievances

The SIMAP chairman requests the director general to upgrade the laboratory apparatus

Following reports that China had agreed to immediately lend $2 billion to Pakistan, the rupee appreciated

High sales, lower tax rate contribute to increase in profit

It earns significantly lower income from associated firms

Earnings posted by Attock Refinery dip 81%, while Attock Petroleum’s jump 7%

Will also set up a small hydroelectric power project at the dam

Trade centre aims at promote joint business activities between China and Pakistan

APG calls for giving offence monitoring powers to SECP, NAB

It will present case to incoming govt for reversing decision on EDB shutdown

Negotiations continued for three years before reaching the deal

It was largely due to last govt’s expansionary fiscal policies and failure to reform tax administration

Wide-range of mango delicacies such as milk-shake, lassi, ice cream, salad served, made of fresh Pakistani mangoes

Benchmark index decreases 191 points to settle at 42,446.56

Incoming govt will face daunting task of paying billions in capacity charges

Bilateral relations plummet sending Turkish lira into free fall against dollar

Pakistan, with more than 58 million fixed and mobile broadband users, is providing affordable internet services

More European companies have cancelled plans in Iran

The euro recovered on Tuesday from earlier losses linked to the collapse of the Turkish lira

Indian rupee hit a record low of 70 to the dollar on Tuesday as emerging market currencies

Foreign minister says Moscow has been using national currencies to settle bilateral trade deals

Telenor CEO says growth exists in e-commerce and digital payments segment

Bajwa calls for providing funds to SMEs, agriculture and low-cost housing units

Incoming PTI govt may appoint FBR chief from private sector to improve revenue

PM-in-waiting lauds 'effective' anti-corruption campaign initiated under Prince Mohammed

Foreign minister says Moscow has been using national currencies to settle bilateral trade deals

Last unit was synchronised with national grid on Monday

If the United States have the iPhone, there's Samsung on the other side, says Erdogan

The Indian rupee has been on a downward spiral throughout 2018 after starting the year at 63.67

President of Pakistan, Mamnoon Hussain, distributed the awards at a ceremony held at the Sindh Governor House

The demand comes in a bid to promote local industry and generate employment

Board recommends cash dividend of Rs5 per share, 20% bonus shares

SBP has maintained that the slide in the rupee’s value is due to supply and demand dynamics of foreign exchange

The new index to be implemented with effect from September 14

PHMA fears cancellation of export orders and decrease in shipments

Initial test confirms presence of commercial quantities of hydrocarbons

Will have to pay damages of millions of dollars to Pakistan-US joint venture