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Pakistan Business Update , Latest business News , Current affairs ,Gold Rates, Currency , Karachi Business News Update , Karachi Live Stock Rates
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Business News
Pre-bid meeting for HPFL sell-off today
ISLAMABAD: A pre-bid meeting of the pre-qualified bidders for the acquisition of a minimum 90 per cent shares of Hazara Phosphate Fertilizers (Private) Limited .....More
High PSDP to boost cement sector’s earnings
KARACHI: Cement sector profitability is expected to grow by 11 per cent in fiscal year 2008-09 with record Public Sector Development Programme (PSDP) of Rs541 .....More
Industry sees zero-rated import of polyester fibre
LAHORE: As 10-year duty protection granted through government’s sovereign guarantee to a PTA plant expires in June this year, the textile industry hopes the import of polyester .....More
KSE to pay around Rs5bn in taxes: MD
KARACHI: The Karachi stocks market would roughly pay around Rs5 billion to the national exchequer this year under the head of six direct taxes levied on different stages .....More
EOBI wants to enhance exposure to equities
KARACHI: Employees’ Old Age Benefits Institution (EOBI) has requested government to let it invest 30 per cent of its funds in equities, a board member told The News on Thursday .....More
Oil falls as market eyes products build
NEW YORK: US crude oil futures fell more than $2 Wednesday despite government data showing an unexpected large crude inventory drawdown as traders focused .....More
Sindh suspends inspection of industries
KARACHI: Sindh Commerce and Industry Minister Muhammad Rauf Siddiqui has ordered suspension of any further inspection of industries until the government proposes .....More
Shortage of UPS, batteries in Karachi
KARACHI: The city of Karachi faces severe shortage of Uninterrupted Power Supply (UPS) and its batteries as the temporary power suppliers are being sent across to Punjab .....More
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MARKET
INDICATORS |
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INDEX |
LAST |
CHANGE |
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KSE |
57.65 |
|
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NYSE |
12,254.98 |
- |
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Open
Market Forex Ratesss
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| Countries |
BUYING |
SELLING |
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US
Dollar |
67.5 |
67.7 |
|
Pound
Sterling |
133.59 |
133.99 |
|
Euro |
105.62 |
105.93 |
|
Deutsche
Mark |
64.98 |
65.17 |
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Saudi
Riyal |
18 |
18.05 |
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U.A.E. Dirham |
18.38 |
18.43 |
| Karachi
Gold Rates: |
| Gold
Tezabi |
18,170.00 |
| Silver
Tezabi |
- |
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Sponsored By : Tessori Gold |
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Cotton
Rates |
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NIAB-78
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SG
|
2,311.25
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K-68
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SG
|
2,570.00
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MNH-93
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SG
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2,608.75
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