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Look quite similar to the kind we are making

@Joe Shearer There is some wrong with your info Dhanush (a re-build in India from Bofors transfer of technology documents), Dhanush is not exactly re-build but improved over the base bofors i.e., from 39 cal to 45 cal Then there is another Dhanush MGS which is 52 cal which is under trials...

APG places Pakistan on enhanced monitoring list for at least one year By Shahbaz Rana Published: August 23, 2019 TWEET EMAIL APG logo. PHOTO: APG ISLAMABAD: The Asia Pacific Group on Money Laundering has placed Pakistan on its enhanced monitoring list after Islamabad’s performance was found...

FDI falls to four-year low The Newspaper's Staff Reporter Updated July 16, 2019 Data published by the State Bank of Pakistan revealed that FDI halved to $1.737 billion from $3.471. — AFP/File KARACHI: The foreign direct investment (FDI) dipped 50 per cent to hit a four-year low as inflows...

Rupee takes historic plunge in inter-bank market By Salman Siddiqui Published: June 14, 2019 TWEET EMAIL PHOTO: REUTERS KARACHI: Pakistani currency weakened to a record low at Rs156 to the US dollar at a point of trade in the inter-bank market on Friday. The currency has freshly lost Rs3.10...

Fiscal blowout as deficit jumps to 5pc, revenues flat Khaleeq KianiMay 22, 2019 Third quarter fiscal deficit. — Soure: Ministry of Finance ISLAMABAD: In the Pakistan Tehreek-i-Insaf’s first year in office, the country’s fiscal deficit in first three quarters (July-March) of the current fiscal...

GDP growth to remain in 2.4-2.7% range for FY19 By Dr Fahd Rehman Published: May 20, 2019 TWEET EMAIL PHOTO: FILE LAHORE: The real economy is sliding day by day. Recent statistics of large-scale manufacturing (LSM) index from July 2018 to March 2019 have shown a negative growth of 3%. The news...

Dollar climbs to Rs152 in interbank market Talqeen ZubairiMay 21, 2019 Facebook Count3 Twitter Share 38 The position of the KSE-100 benchmark index as at 1:40pm. ─ Photo courtesy dps.psx.com.pk The value of the US dollar touched Rs152 in the interbank market on Monday, with the rupee...

Pakistani rupee plunges to Rs153 against US dollar Listen KARACHI: Pakistani rupee plunged to a new all time-low in the interbank and open market on Tuesday as it continues to lose value against US dollar. The greenback saw an increase of Rs1.36, touching Rs151. In the open market, the...

Industry leaders shocked by rate hike, blame decision on ‘IMF pressure’ Aamir Shafaat KhanUpdated May 21, 2019 “I think there was no need for any further interest hike as food inflation was quite under control in April than March,” President Site Association of Industry, Saleem Parekh said. —...

Stock market sheds 800 points in intraday trading Dawn.com | Talqeen Zubairi Updated May 20, 2019 Photo courtesy https://dps.psx.com.pk/ The benchmark index shut down at a loss of 155.77 points on Monday after an initial nosedive of 800 points by 11am ─ hours ahead of the State Bank of...

Closing Bell: Sensex, Nifty end at record closing high on exit polls verdict; PSU banks outperform The Sensex was up 1,421.90 points or 3.75% at 39352.67, while Nifty was up 421.10 points or 3.69% at 11828.30.

Stocks extend losing streak to its 7th week Our Equities CorrespondentUpdated May 19, 2019 Stock market witnessed more bleeding in the just concluded week which marked the seventh successive week of selling spree by investors who dumped stocks and sought the shelter of fixed income securities...

India's Forex reserve rises to over $420 billion IANS | Mumbai Last Updated at May 17, 2019 23:16 IST India's foreign exchange reserves increased by $1.368 billion during the week ended May 10, official data showed on Friday. According to the Reserve Bank of India's weekly statistical...

Losing out to regional competitors Nasir JamalUpdated May 13, 2019 The manufacturing sector’s share in the annual national output — or gross domestic product — has been on the decline since 2008 onwards. It dropped from a high of 14.8 per cent in 2008 to 12.1pc in 2018, implying a reduction in...

Asia’s Worst Performing Currency Takes Another Hit Faseeh Mangi Ismail Dilawar May 16 2019, 11:51 AM May 16 2019, 7:03 PM (Bloomberg) -- Pakistan’s rupee weakened to a record in an apparent devaluation, four days after the South Asian nation secured a bailout from the International Monetary...