Stories from Faryal Najeeb
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Standard Chartered to expand consumer, Islamic banking in Pakistan
Local management claims that Pakistan is a major market for parent company.
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Unusual movement: Gold hits record only in Peshawar
Gold prices in Peshawar gained Rs150 in the last seven days/
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Gold touches new peak
Local dealers concerned over declining business.
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Engro Rupiya Certificate launched once again
All key features remain the same as previous issue.
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Monetary policy: Discount rate unchanged
Create space for private sector borrowing, central bank tells the govt.
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Rupee drops to eight-month low
High dollar demand, major outflows top reasons for depreciation .
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KCCI issues budget proposals
Urges widening of tax base and relieving already burdened sectors.
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Engro purchases US-based firm’s food business
Company diversifies into meat-based products.
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Peak: Gold, silver set new record highs
Gold prices closed at Rs42,342 per 10 grams, while silver prices rose Rs1,405.71 per 10 grams.
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Gold prices climb to Rs41,014 per 10 grams
Precious metal no longer undervalued in local market.