Business

KSE-100 Index Crosses

KSE-100

Stocks extended the winning streak to the third day on Thursday. The KSE-100 index notched up gains of 343.57 points and climbed once again over the 27,000 level to settle at 27,165.49 points.

9 pre-qualify for Islamabad Portion of Metro Bus Project

Metro bus

Five construction companies and four joint ventures have pre-qualified for the construction of the 14.6 kilometer long Islamabad portion of the Metro Bus Project.

IMF releases fresh funds for Pakistan

IMF

The International Monetary Fund (IMF) approved Monday a fresh aid disbursement to Pakistan after the country passed the second review of its ongoing $6.8 billion support program.

Rupee Strengthens after Brief Depreciation last Week

Rupee strengthens

The rupee again gained value against the dollar on Monday, after having lost some of it on Thursday and Friday last week.

Minister Nawaz Sharif Approves Plan for PIA’s revival

Airlines PIA

Prime Minister Nawaz Sharif has approved in principle a plan for revival of Pakistan International Airlines (PIA), aimed at bringing the national flag-carrier, currently running in losses of billions of rupees, to a break-even level within a year, by increasing revenue and taking cost-cutting measures.

Pakistan Afghanistan to Enhance Trade ties

Afghanistan enhance

Pakistan and Afghanistan agreed on Sunday to enhance bilateral trade and economic relations and inaugurated construction work on dualisation of the 75km Torkham-Jalalabad road.

Dollar rallies in Asia on upbeat US data

Dollar rallies

The dollar rallied against the yen in Asia Friday as investors digested mixed US data, while weak eurozone manufacturing pressured the euro.

Facebook Bets big on Mobile with $19 bn WhatsApp Deal

Facebook deals

Facebook is betting huge on mobile with an eye-popping cash-and-stock deal worth up to $19 billion for Internet Age smartphone messaging service WhatsApp.

Pakistan to Hold 3G 4G Auctions in April Finance Minister

Mobile

Pakistan will hold long-awaited auctions for 3G and 4G telecoms licences this April, the finance minister said on Friday, a step that could help boost the cash-strapped country’s foreign reserves.

SECP to be More Creative to Combat Corporate Fraud

islamabad pakistan

The Securities and Exchange Commission of Pakistan (SECP) plans to be more creative and assertive in the way it uses the enforcement tools at its disposal.

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