KARACHI: Foreign direct investment (FDI) increased 4.6 per cent to $2.41 billion in 2016-17, data released by the State Bank of Pakistan (SBP) showed on Monday. FDI in the last fiscal year was the highest since the PML-N government came to power four years ago. It was $1.45bn in 2012-13 and fell to $988 million […]

KARACHI: Political uncertainty, submission of the JIT reportand adjournment of Supreme Court decision to next week, resulted in adding to the pervading gloom over the investor sentiments. KSE-100 index declined 885 points (1.96 per cent) and settled at the end of the week at 44,337 points. During the week, the market also saw one of the […]

THE rupee appeared to be in search of direction last week against the dollar amid political uncertainty in the local currency market. Though State Bank of Pakistan’s (SBP) strict monitoring helped the rupee stabilise to some extent, the parity continued to show sharp variations. The rupee plunged Rs3.50 against the dollar a week earlier. Analysts […]

ISLAMABAD: Commerce and textile ministries have urged the Ministry of Finance to allow the continuation of an unconditional cash subsidy on exports in 2017-18 under the prime minister’s Rs180 billion support package. “We have approached the finance ministry several times for a policy change,” an official source in the commerce ministry told Dawn on Monday. […]