Foreign Exchange

Despite continued uncertainty, the world’s largest dollar bond investors are continuing to maintain holdings in Pakistan. According to HSBC, Pakistani bonds have returned 35 percent this year, the best performance …

Pakistani modern art market is soaring, thanks to recent boom in economic activity, rising incomes, investor interest and a line-up of upcoming artists - plus increasing corporate and Arab patronage. …

Recent events have not dampened Pakistan’s continued banking and financial sector expansion. The latest development follows a spate of purchases by overseas banks looking to expand in Pakistan. In the …

The Rekodiq mining area has proven estimated reserves of two billion tons of copper and 20 million ounces of gold. Major reserves of copper and gold in Balochistan’s Rekodiq area …

With these investments, Pakistan is also going to build Islamabad International Airport and two hydraulic power plants at Bunji and Nilam-Jhelum, Ghuman told local press recently. Pakistan has attracted US$1.6 …

Pakistan is rejoicing over the increasing home remittances sent by its workers abroad which are setting new records now. In the first seven months of the current financial year, remittances …

Enshaa Holdings of Sharjah, UAE with its joint venture partner National Logistics Cell of Pakistan, has planned to invest $200 million in Karachi where the NLC has bought 13,000 square …

Pakistan will soon replace its notes of all denominations with machine-readable currency to combat forgery and counterfeiting. Rs 20 notes had already been introduced in August last year with …

Bank profits have risen sharply over the last three years. Fiscal 2004 saw record profits. Profits were up a massive 105 percent in nine months to September, 2005. The boost …

Karachi’s fast growing stock market has helped lift prospects for Pakistan’s largest mutual fund - National Investment Trust, which is slated for privatisation in March this year. The fortunes of …