Business

Rupee continues to fall against the dollar, touches Rs119.05 in open market

By The Frontier Post | May 26, 2018

F.P. Report KARACHI: The rupee further plunged against the US dollar on Friday in the kerb market, touching a new low of Rs119.05. This comes on the heels of the State Bank of Pakistan’s decision earlier this week to introduce identification requirements for all foreign currency buy and sell transactions equivalent to $500 or above on […]

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SBP increases policy rate to 6.5% from 28 May

By The Frontier Post | May 26, 2018

Naimat Khan KARACHI: Pakistan’s economic growth is provisionally estimated to achieve a thirteen-year high level of 5.8 percent for FY18. Concurrently, headline inflation remains moderate and is expected to stay well below the annual target of 6.0 percent, reads a state bank of Pakistan release, which also announced an increase in policy rate by 50bps […]

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Stock market value of Netflix eclipses Disney

By The Frontier Post | May 26, 2018

SAN FRANCISCO (Reuters): Netflix’s (NFLX.O) stock market value ballooned to a record $153 billion on Thursday and eclipsed Walt Disney Co (DIS.N) for the first time, making it the world’s most valuable entertainment company, following a monumental shift by viewers away from cinemas and cable television. Lifted by a blitz of original programs and 125 […]

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