Category: Business

Six Pakistani companies to be listed on Financial Times Index

Six Pakistani companies to be listed on Financial Times Index

KARACHI- Six public companies of Pakistan are now set to be put on the list of the Financial Times Stock Exchange’s (FTSE) Global Equity Index, the local media reported. The names, which are registered on the Pakistan Stock Exchange (PSX), include Engro Corporation Limited (ENGRO), Habib Bank Limited (HBL), The Searle Company Limited (SEARL), Nishat Mills Limited (NML), Fauji Fertilizer […]

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Pakistan’s foreign reserves decline by $177 million

Pakistan’s foreign reserves decline by $177 million

KARACHI – The total liquid foreign reserves held by the country stood at $21,822.6 million on February 24, 2017 after decreasing by $177 million, a statement issued by the State Bank of Pakistan (SBP) said here on Thursday. According the statement, foreign reserves held by SBP stood at $16,850.8 million and net foreign reserves held by commercial banks recorded at […]

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Gold price drops to Rs 56,400 per tola

Gold price drops to Rs 56,400 per tola

KARACHI  – Gold price dropped to @1224 per ounce in the international market after facing a decline of $8. Similarly, a decrease of Rs 156 was observed in domestic market where price of gold settled at Rs 56,400 per tola. While the price of 10-gram gold witnessed a decline of Rs 129 to reach Rs 43, 371. The price of silver remained […]

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Pakistan, Switzerland to sign accord on exchange of bank accounts data

Pakistan, Switzerland to sign accord on exchange of bank accounts data

ISLAMABAD – Finance Minister Ishaq Dar said on Wednesday that Pakistan was going to sign an agreement with Switzerland on the exchange of information regarding bank accounts on the 21st of this month. The finance minister said that Pakistan has already signed the Multilateral Convention on Tax Matters with Organization for Economic Cooperation and Development (OECD) on September 14, 2016 […]

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PSX gains 302pts to close at 49,754 on Wednesday

PSX gains 302pts to close at 49,754 on Wednesday

KARACHI – The Pakistan Stock Exchange (PSX) Wednesday gained 302 points to close at 49754.72 points level. The stocks recorded the highest trading level of 49778.21 points and lowest level of 49422.89 points, with the volume of over 95,415,670 shares and value of Rs 8.863 billion. As many as 386 companies were active; of which 206 advanced, 159 declined and […]

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Petition filed in SC seeking ban on American seeds

Petition filed in SC seeking ban on American seeds

LAHORE – A petition was filed in the Supreme Court on Wednesday against the complete ban on sale/purchase and import of seeds from United State in the country. The applicant Barrister Zafarullah of Watan Party appealed that the seeds being imported from the US were not only affecting human beings dangerously but were also transforming the fertile land to barren. […]

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PSX sheds 360 points to close at 49392 points

PSX sheds 360 points to close at 49392 points

KARACHI – The Pakistan Stock Exchange (PSX) Thursday observed bearish trend and lost 362.28 points in the last session to drop to 49392.44 points level at closing. The stocks observed the highest trading level of 49857.09 points and lowest level of 49219.55 points, with the volume of over 220.42 million shares and value of Rs 13.94 billion. As many as […]

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Pakistan launches first ever registered Premium Prize Bond worth Rs.40,000

Pakistan launches first ever registered Premium Prize Bond worth Rs.40,000

ISLAMABAD – The government has launched first ever registered Premium Prize Bond. Finance Minister Ishaq Dar inaugurated the bond at a ceremony in Islamabad today (Friday). Speaking on the occasion, the minister said Pakistan is treading on the path of progress at a fast pace. He said that this premium bond worth Rs.40,000 carries a first prize of Rs.80 million. […]

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Petroleum prices likely to decrease by Rs 5-7

Petroleum prices likely to decrease by Rs 5-7

LAHORE – A decrease of Rs 5 to 7 is expected in the prices of petroleum products as the prices dipped below $50 in the international market for the first time since December last year. The oil prices fell $1.23 per barrel to $49.05 in the international market which would affect prices in local market during next two months. As per reports, a surplus persists […]

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Oil prices hit three-month low as US rig count climbs

Oil prices hit three-month low as US rig count climbs

LONDON – Oil prices dropped to their lowest in three months on Monday despite OPEC efforts to curb crude output, dragged down as US drillers kept adding rigs. Brent crude had fallen 42 cents, or 0.82 percent, its lowest since November 30 at $50.95 per barrel. It closed the previous session down 1.6 percent at $51.37 a barrel. US West […]

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This Disabled guy has got courage, Works in an office