Bankers should go beyond text book to tackle economic problems
Karachi: The Governor, State Bank of Pakistan, Yaseen Anwar has called upon the regional central bankers to fully understand the nature of their economies and...
buisness news
KSE Weekly Report: Market touches 6-year higher volumes
by Yasir Ameen
Karachi: The Karachi Stock Exchange (KSE) has continued its positive momentum during the week as index closed at 13,353 points , gaining 263 points during...
UBL Omni wins GSMA’s Global Mobile Award
by Manzar Turk
Barcelona: Omni, a United Bank Limited’s Branchless Banking Services, has won a GSMA Global Mobile Awards 2012 which was held in Barcelona on Tuesday....
Forex reserves reach at 17-month low
by Yasir Ameen
Karachi: Pakistan foreign exchange reserves continued to witness substantial depletion by every passing month since July 2011, showing a decline of $1.64 billion in the...
PTCL makes Rs 2.8 billion profit in 1HFY12
Karachi: Pakistan Telecommunications Company Limited (PTCL) has gained net profit of Rs.2.84 billion in its half-year earnings made in 2011-12 for, showing a growth of...
Boeing, PIA finalise order for five 777-300ERs
Karachi: Boeing [NYSE: BA] and Pakistan International Airlines today announced a firm order for five 777-300ER (extended range) airplanes. Valued at nearly $1.5 billion at...
PMEX announces first trades in Sugar Futures Contract
Karachi: Pakistan Mercantile Exchange Limited announced the commencement of trading in the Sugar Futures Contract this week. Trading started in the February contract. PMEX has...
MCB profits grow 15% in 2011
by Yasir Ameen
Karachi: MCB Bank Limited recorded 15% increase in profit after tax (PAT) in 2011 with its asset base registering an increase of 15% over December...
Pakistani sports goods exporters’ exhibit at ISPO Munich 2012
by Manzar Turk
Karachi: Around 85 Pakistani sports goods exhibitors participated at ISPO Munich last week. Ispo is the world’s largest sports goods and sports-wear exhibition held every...
Warid’s SingTel Q3 net profit slumps 9.6%
Karachi: Singapore’s SingTel, the parent company of Waird Tel, saw its net profit fall 9.6% in the December quarter to S$902 million ($717.1 million), despite...