The rupee is gradually and slowly losing the strength it gained against the US dollar during the last couple of months in both the interbank and open markets. The State Bank of Pakistan on Monday re-ported that the greenback continued its appreciation drive against the local currency for the sixth day in a row and added another 38 paise to close at Rs280.95 in the interbank market. Currency
While still reeling under the prolonged application of last year’s Rs135 billion worth of quarterly adjustments, the ex-Wapda distribution companies (Discos) have come up with a fresh claim of another Rs22.6bn for the first quarter of FY24 to be charged to consumers across the country at the rate of about Rs1.8 per unit. The requests have come amid over prevailing over 31pc rate of inflation
The benchmark of equities moved within a narrow range on Thursday even though the session began on a positive note, thanks to the bullish momentum that investors carried forward from a day ago. Topline Securities Ltd said the market witnessed profit-taking in the second half of the session, compelling the KSE-100 index to shed the gains it’d made in the early trading hours. Stocks in the ban
ACCORDING to economist Julian Simon, “the ultimate resource is people — especially skilled, spirited, and hopeful young people endowed with liberty — who will exert their wills and imaginations for their own benefits, and so inevitably they will benefit the rest of us as well”. How does a nation ensure that its people will be skilled and spirited? It must educate its people to endow them with v
MCB Bank Ltd said on Wednesday its earnings for July-September clocked in at Rs19.6 billion, up 112 per cent from a year ago. The jump in profitability was due to improved total income, according to Arif Habib Ltd. The bank’s bottom line expanded 34pc on a quarter-on-quarter basis. It also announced a dividend of Rs8 per share, which takes the total dividend paid so far in 2023 to Rs21 per s