ISLAMABAD, April 24 (APP): Smartphones have registered around 30 percent share in overall cellular mobile devices imported in the country during last year which was only 7 percent in 2012. In next two years, smartphones are expected to cross 55% of mobile phone imports in Pakistan as their adoption is expected to grow further due […]
Business News
Share of smartphones in devices import touches 30 % mark
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Kerb currency market
KARACHI, (APP): Following were the Opening and Closing Rates of foreign currencies in kerb market issued by the Forex Association of Pakistan (FAP), here on Saturday. F.C. LOW RATE HIGH RATE U.S $ (Inter Bank) —— —— U.S $ (Cash Free Market) 105.10 105.30 SAUDIA RIYAL 27.90 28.10 UAE DIRHAM 28.60 28.80 EURO 117.60 118.60 […]
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Karachi cotton association demands three percent duty cut on imports
ISLAMABAD, (APP): Karachi Cotton association has demanded the government to cut three percent tax on imports due to low prduction of crop in the country in this season. Textile mills are facing problems due to lower production of cotton this season. Association concerned has demanded the authorities to cut two percent import duty and one […]
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Yen dives on report BoJ mulling support for banks
NEW YORK, (APP/AFP): The yen weakened sharply Friday amid reports that the Bank of Japan is mulling cutting the rates on some loans to banks into negative territory. Such a move would support the banks’ earnings but also serve as stimulus by possibly pushing more money into the economy. The news sent the yen tumbling […]
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Shipping activity at Port Qasim
KARACHI, (APP): Five ships C.V Priority, M.V Jahor Express, M.T Liberty -N, Al-Ghashaniya and M.T Atlantic Glory scheduled to load/offload containers, cement, LPG, LNG and chemicals were berth at Qasim International container Terminals, Multi Purpose Terminal, Sui Southern LPG Terminal, Engro Elengy Terminal and Engro Vopak Terminal respectively on Thursday. Meanwhile two more ships C.V […]
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Kerb currency market
KARACHI, (APP): Following were the Opening Rates of foreign currencies in kerb market issued by the Forex Association of Pakistan (FAP), here on Friday. F.C. LOW RATE HIGH RATE U.S $ (Inter Bank) 105.72 105.77 U.S $ (Cash Free Market) 105.15 105.35 SAUDIA RIYAL 27.90 28.10 UAE DIRHAM 28.60 28.80 EURO 118.20 119.20 UK POUND […]