Pakistan shares close bearish amid lacklustre performanceKARACHI: Pakistan equities closed on Wednesday little changed with turnover in wider market again painting a dreary picture as just about $37 million worth of shares exchanged hands on KSE All Shares...
Leading banks propose K-Electric to offer tariff for more extended periodISLAMABAD: Delegates of leading banks proposed that K-Electric should be offered tariff for a longer period, which would give the organisation a chance to raise financing for long term substitution an...
Askari Bank launches instant reward points redemption programmeLAHORE: Askari Bank Limited in collaboration with Keenu (Wemsol Private Limited) has launched 'real time reward points' redemption facility for its credit card holders. Through this programme, custome...
Islamic banking industry profits up by 44 percent: SBPKARACHI: The profit of Islamic banking industry has shown substantial increase of 44 percent or Rs 5.4 billion, to Rs 17.6 billion, in the first quarter of current fiscal year FY 17, as compared to Rs...
Cement despatches up 14pc, capacity utilisation at 94.65 percentKARACHI: Utilising 94.65 percent capacity, the cement industry of Pakistan has despatched 2.261 million tonnes more cement in the first five months of current fiscal year, 13.91 percent higher than th...
SBP launches ‘Asaan Remittance Account’KARACHI: State Bank of Pakistan (SBP), in collaboration with Pakistan Remittance Initiative (PRI), has launched 'Asaan Remittance Account' to be opened by banks with simplified procedures. The bank sa...
Dollar closes flat in value versus domestic unitKARACHI: Dollar closed even in value versus domestic unit in interbank and slightly improved in open market. After appreciating by 01 paisa during intraday trading, dollar closed on previous day's lev...
Fine grades remain in focus amid firm physical prices at lint marketKARACHI: Buyers remained eager for better grades of lint on shrinking stocks that kept trading moderate amid firm physical prices at lint market. Buyers bought better and second grade of lint on sligh...
‘Complete transparency in facilitating subsidy to farmers in Punjab’KARACHI: The fertiliser manufacturers are maintaining complete transparency and accuracy in facilitating the passage of subsidy to the registered farmers. However, some unscrupulous non/ sub dealers m...
Yellow metal prices close depressed on dull demandKARACHI: Yellow metal prices in international and domestic markets closed depressed as interest of buyers and hedgers remained dull. Ready market buying prices stood attractive for buyers and investor...