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Category: Business

Business

Index soars 469 points as foreign selling subsides

By sundaytimesDecember 6, 2016

KARACHI: Investors’ confidence surged on Monday as they sensed slowdown in selling by foreign investors and witnessed the rise in international crude prices to a six-month high. The […]

Business

Fiscal federalism!

By sundaytimesDecember 5, 2016

Is the federal proposal to divert the three per cent resources from the federal divisible tax pool to a new National Security Fund — under the next National […]

Business

Govt won’t allow illegal money changers to play with country’s destiny, warns Dar by APP

By sundaytimesDecember 3, 2016

ISLAMABAD: Finance Minister Muhammad Ishaq Dar on Friday said the government would not allow any unscrupulous element to play with destiny of the country and a crackdown had […]

Business

Rupee report: Dollar strenghtens against rupee

By sundaytimesNovember 28, 2016

IN the local currency market, the rupee/dollar parity remained stable in interbank dealings despite extensive pressure in the open market. Amid fluctuations, since April, the rupee, being in […]

Business

Indian rupee hits record low

By sundaytimesNovember 25, 2016

MUMBAI: The Indian rupee fell to a record low of 68.8650 on Thursday, pressured by a rallying US dollar, capital outflows from emerging markets, and worries about the […]

Business

Rs14.7bn pledged for three licences as auction for direct-to-home service ends

By sundaytimesNovember 24, 2016

The auction of three licences for direct-to-home (DTH) programming successfully concluded on Thursday with the pledged sums reaching the Rs14.69 billion mark, the Pakistan Electronic Media Regulatory Authority […]

Business

Discos seek reduction of Rs2.60 in power tariff

By sundaytimesNovember 22, 2016

ISLAMABAD: Distribution companies of formerly Wapda have sought a reduction of Rs2.60 per unit in the consumer tariff for October to refund higher-than-justified charges collected from people in […]

Business

Pakistan’s fuel reserves fall below strategic levels

By sundaytimesNovember 21, 2016

ISLAMABAD: The country’s oil supplies are facing serious disruption due to pipeline and port congestion, forcing oil companies to go against standard operating procedures amid acute storage constraints. […]

Business Pakistan

Current account deficit widens by 63 percent!

By sundaytimesNovember 19, 2016

The State Bank of Pakistan (SBP) reported on Friday the deficit rose to $1.76 billion in July-October against $1.08bn a year ago. This means the four-month deficit expanded […]

Business

Pakistan eyes $150m after direct-to-home broadcast licence bidding

By sundaytimesNovember 18, 2016

A top official of the Pakistan Electronic Media Regulatory Authority (Pemra) told journalists that 12 companies, including three foreign operators as part of local consortiums, had been shortlisted […]

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