Pakistan News

    Gold Rate In Karachi

  • ‘Karachi has highest leprosy prevalence rate’

    KARACHI: The Marie Adelaide Leprosy Centre registers around 500 cases every year in the country and estimates that the situation will remain unchanged for the coming two decades, said MALC officials at a seminar on Saturday...

    In 2014, a total of 501 new patients were registered in Pakistan, of whom 46pc were from Sindh, of whom 62pc were from Karachi...

  • Karachi Gold Bridge Media cruise into zonal final

    HYDERABAD: Karachi Gold Bridge Media stormed into the zonal final of the 17th National Seniors Cup Cricket Tournament by overwhelming Hyderabad Veterans by 81 runs in the semi-final here at the Niaz Stadium on Sunday...

    Batting first, after winning the toss, Karachi Gold Bridge Media were all out for 229 in 24...

  • Karachi’s commercial plots become gold mines

    KARACHI: The prices of commercial plots in the city have risen sharply owing to limited availability of space on prime locations situated along main roads...

    Giving an overview of prices in other locations, Parekh said a year ago, plots along Shahra-e-Faisal were worth Rs250,000 per square yards as compared to the current rate of Rs350,000-400,000...

  • Cut in export refinance rate sought

    KARACHI: Exporters are seeking reduction in refinance rate after a recent cut in the policy rate by 100 basis points, from 8 to 7 per cent...

    Talking to Dawn leaders of trade bodies engaged in export business stated that the SBP should announce reduction in export refinance rate immediately...

  • US Fed meets on historic rate rise

    WASHINGTON: The Federal Reserve begins meeting Tuesday to weigh a landmark interest rate increase that will signal the end of more than seven years of crisis-era, easy-money monetary policy...

    But most analysts believe the Fed will decide nevertheless on a hike in the federal funds rate that should begin a series of increases over the coming two years...

  • Fed meets amid rate hike expectations

    The Fed is expected to announce at 2:00 pm (1900 GMT) that it is hiking the benchmark federal funds rate by a quarter point to 0...

    Take a look: US Fed meets on historic rate riseThe move, which the Fed has signalled for months, would represent the central bank’s confidence in the US economic outlook and also kick off a likely slow series of rate hikes to “normalise” central bank policy over the next two years...

  • India eye big win over Bangladesh to boost run-rate

    BANGALORE: India skipper Mahendra Singh Dhoni urged his big-hitters to improve their run-rate dramatically against Bangladesh on Wednesday or face the prospect of a humiliating early exit from the World Twenty20 on home soil...

    However India's run rate, which could determine who qualifies, is considerably worse than their rivals...

  • World Bank projects Pakistan’s GDP growth rate at 5.5pc for 2017-18

    KARACHI: The World Bank projects that Pakistan’s GDP growth rate will be 5...

    In its Pakistan Development Update, a biannual publication shedding light on the state of the economy and its future prospects, the global lender said the economic growth rate projection assumes that oil prices would increase slightly and that “political and security risks will be managed”...

  • IG recommends daily allowance for police at current revised rate

    Showing his grave concern, the IG stated that later the rate for the daily allowance was twice revised in 2012 and 2017 for the civil servants, but not for police employees...

    “Freezing the fixed daily allowance at 2005 rate has placed the Punjab police at a disadvantage in comparison with the other departments who claim TA/DA at revised rates”, the IG stated in the letter...

  • What’s up with the exchange rate?

    ALMOST everywhere I go these days, there is one question that props up: is the rupee about to be devalued? This is one of the signs that an exchange rate adjustment is coming, and if you are asking yourself the same question, for whatever reason, you can be reasonably sure that just about everyone else is too...

    Feeding the growing anxiety around the exchange rate is the fate of Mr Dar, the finance minister...

  • Dollar rate inching up again

    KARACHI: The dollar rate is increasing in the open market despite two back-to-back meetings that the State Bank of Pakistan (SBP) recently held with currency dealers...

    The exchange rate reached Rs107...

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