Category - Business


Fund clearing guidelines

KARACHI: The State Bank of Pakistan (SBP) issued guidelines for banks and microfinance banks on Thursday for clearing operations to help the general public...


Gold steady

LONDON: Gold prices were steady on Wednesday, aided by a weaker dollar ahead of a US Federal Reserve policy announcement that could signal whether it will...


Cotton prices rise on strong demand

KARACHI: Cotton prices moved up on Wednesday due to higher demand from spinners and some exporters. Arrival of phutti (seed cotton) from Punjab improved...


Fauji Cement profit plunges

KARACHI: Fauji Cement Company Ltd (FCCL) earned a profit of Rs2.61 billion (earnings per share at Rs1.89) for the financial year ended June 30. This...