Business

State Bank of Pakistan maintains interest rate at 5.75%

By The Frontier Post | July 22, 2017

KARACHI (Monitoring Desk): The interest rate remains unchanged, at 5.75% announced State Bank of Pakistan Governor Tariq Bajwa on Saturday. While addressing a news conference, the central bank governor said the national economy was undergoing expansion given the rise in fiscal activity. He added the service sector has grown by 6%, while there has been […]

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PSX closes on bearish note following Panama case hearing

By The Frontier Post | July 19, 2017

KARACHI (PPI): The KSE-100 index decreased by 217 to reach the 45,418-points level at close of trade on Wednesday. During the first half of trading, the US Dollar’s value fell by 9 paisas in the interbank market. The unexpected decline in the USD’s value from Rs105.39 to Rs105.30 during early trading hours was followed by […]

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Dollar remains hobbled by Trump

By The Frontier Post | July 19, 2017

LONDON (AFP): The dollar s travails extended into Wednesday as Donald Trump faces a battle to push through his much-vaunted economic agenda, but equity traders took the news in their stride. The euro eased slightly on Wednesday against the dollar, having surged the previous day to a near 15-month pinnacle at $1.1583 — last seen […]

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