Category Archives: Business
Pakistani at No 8 among world’s top 100 venture capitalists
Asad Jamal, the founder chairman and chief executive officer of ePlanet Ventures, has been ranked at number eight among top 100 venture capitalists of the world in Forbes-compiled last year’s Midas list. Jamal is the only Pakistani to have achieved … Continue reading
Ghee, oil maker raises price for seventh time
One of the leading ghee and cooking oil producers has increased rates of its brands by Rs9.40 and Rs11.40 per kg,respectively. This is the seventh increase since September 2006. A one kg pouch of ghee and cooking oil will now … Continue reading
Gold prices surged to an all-time high
Influenced by the current wave of soaring prices in the world market, the precious metal was quoted at Rs17,100 per 10 grams (Rs19,950 per tola) at the close of trading. In the world market, the yellow metal scrambled to $874 … Continue reading
Gold price hit the record
Gold touched Rs16,885 per 10 grams while the rate of one tola gold hit Rs19,700 onThursday. Global gold rate was $865 per ounce after making new record everyday for the last 10-15 days. Domestic gold rate was Rs15,792 and the … Continue reading
Karachi stock market closed down 2.9 percent
Share prices in Karachi stock market closed down 2.9 percent on Tuesday. The benchmark Karachi Stock Exchange KSE-100 Index finished the day off 408 points at 13,667. It had opened down 3.8 percent before a slight recovery. The latest slump … Continue reading
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Stocks fall after reports of Benazir’s killing
US stock index futures fell on Thursday, after the opposition party said their leader Benazir Bhutto was killed. S&P 500 futures were down 6.10 point, below fair value, a mathematical formula that evaluates pricing by taking into account interest rates, … Continue reading
TCP floats Tender for sugar purchase
KARACHI: The Trading Corporation of Pakistan (TCP) has floated a tender for the purchase of 50,000 metric tons of refined sugar from local mills. A TCP official said here on Tuesday that the tender would be opened on Jan 1. … Continue reading
Pakistan Exports 32,500 tons of oranges
Pakistan exported 32,500 tons of oranges till Dec 17 when the Eid festivities and holidays temporarily suspended the process. The exports mainly went to the UAE, Saudi Arabia, Iran and Ukraine. A few containers also left for Russia, which recently … Continue reading