Dollar near 5-month low vs yen amid geopolitical risk

NEW YORK, Apr 12: The dollar fell broadly on Tuesday, nearly touching a five-month low against the Japanese yen, as geopolitical risk and declining...

Overseas Pakistani workers remit $14 bln in first 9 months of FY17

KARACHI, Apr 12: The Overseas Pakistani workers have remitted US$ 14,057.67 million in first nine months-July to March, of the fiscal year 2017-FY17, compared...

SBP keeps policy rate unchanged at 5.75pc

KARACHI, Mar 25: As predicted, State Bank of Pakistan (SBP) has decided to keep the interest rate unchanged at at 5.75 percent for the...

Pak-Afghan border reopens, PAJCCI lauds PM’s decision

KARACHI, Mar 21: A joint delegation from Pakistan and Afghanistan under the leadership of Zubair Motiwala, Chairman PAJCCI,  met under the aegis of Beyond Boundaries-...

World Bank approves loan of $450m to curb poverty in Pakistan

ISLAMABAD, Mar 17: The World Bank (WB) on Wednesday approved a loan of worth $450 million to help the poorest and most vulnerable people...

Crude oil prices drop to 3-month low in inter’l market

LONDON, Mar 16: Oil prices have tumbled, weighing down energy shares in the world in wake of a report of rising crude stocks. Oil prices...

First ‘hybrid rickshaw’ introduced in Pakistan

KARACHI, Mar 6: Pakistani company Green Wheels Private Limited introduced a hybrid rickshaw in an auto parts show organized at Karachi’s Expo center. The Chinese...

Pakistan Stocks benchmark index breaches 50,000 barrier

KARACHI, Jan 24: Pakistan Stock Exchange (PSX)-100 index on Tuesday briefly touched a record high level of 50,050.19 on Tuesday, before edging down, underpinned...

SBP asks forex companies to help strengthen rupee against dollar

KARACHI, Jan 18: The State Bank of Pakistan has been showing concerns about the appreciation of the dollar in the open market. Its officials...

Over 78% American Companies willing to invest in Pakistan

DAVOS, Jan 17: Over 78 percent American companies are willing to invest more in Pakistan over the next 12 months, owing to improved security...