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Gold price suffers minor loss of Rs50 per tola

Gold price on Wednesday showed a small drop of Rs 50 per tola as global price showed insignificant changes. Gold price in the last two sessions showed a gain of Rs 700 per tola to Rs 56250 per tola after bullion price in the global market surged by 16 dollars …

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Meezan Bank plans capital-boosting sukuk

Meezan Bank, Pakistan’s largest sharia-compliant lender, aims to raise up to 7 billion rupees ($63.34 million) through capital-boosting Islamic bonds, or sukuk, according to a regulatory filing. The bank’s board said it had approved plans for a Tier 1 sukuk issuance, subject to regulatory approval, which could be sold either …

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Car sales in January reach all time high

d to sell 23,700 units in January 2018, up 13% YoY and up 23% sequentially as start of year is generally a robust period for auto sales. The change in import procedure, demand from online ride hailing services and as well as availability of auto finance at lower rates have …

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Pakistani companies attend Texworld 2018 in Paris

Twenty-seven Pakistan companies are showcasing a wide range of their high quality products including fabrics, garments, knitwear and denim at the 4 day 42nd edition of the Texworld exhibition being held in Paris from 11-14 February, 2018, says a press release received from Paris today. Ambassador of Pakistan to France …

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