Stories from Ghazanfar Ali
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Cotton prices shoot to all-time high
Cotton prices rise by Rs100 backed by a constant increase in prices of New York cotton amid tight global supplies.
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Engro launches certificates to meet working capital needs
Engro announces Rupiya Certificates with aim to target retail investors.
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Remittances rise 13.5% in first quarter
Data released by the State Bank shows people are switching to legal channels for sending money back home.
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The week in focus
Initial public offering of power companies expected to bring funds to help cope with swelling inter-corporate debt.
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Growth in non-performing loans slows down
Total bad loans stand at Rs460 billion at the end of June.
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KSE gives 7% return this year
This enables the bourse to secure a place among the top five regional markets according to an analyst.
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The week in focus
The ‘demise’ of Pepco is not expected to substantially address the persistent woes of power.
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Rate of refinance up at 9%
SBP revises the refinance rate under the Export Finance Scheme, increasing it by 50 basis points.
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PSO to enhance storage capacity, diversify projects
PSO is planning to boost storage capacity, expand retail network and diversify projects to meet rising energy.
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ADB sees moderate economic growth of 2.5%
The Asian Development Bank reduces its forecast target because of the flooding and its impact.