The Big Bank Theory
“We make money, and we are not ashamed of that. We are commercial entities… banks making money is not a sin,” says Ms Kamil.
Business
Stocks soar 476 points on rate cut expectations
KARACHI: The stock market snapped two-day losing streak as the bulls barged on Thursday and tossed the benchmark KSE-100 index to close with hefty gains of 475.71 points (1.22 per cent) at 39,382.11.
Chinese firm set to launch ride-hailing service in Karachi this month
KARACHI: As the fate of both provincial and federal government-funded transportation projects remains uncertain amid the widening gap between demand and supply of adequate transportation facilities, international players are seeing great opportunities in Karachi to expand their businesses.
Urea prices lowered to Rs1,665 per bag
ISLAMABAD: Food Security Minister Makhdoom Khusro Bakhtyar on Thursday said the price of urea has been fixed at Rs1,665 per 50kg bag, which will provide relief to farmers especially as the standing wheat crop was at its final stages.
1,400 cargo trucks stranded at Taftan as border shut on coronavirus fears
ISLAMABAD: More than 1,400 trucks loaded with goods are stranded at the Taftan border crossing after Pakistan temporarily closed its border with Iran over concerns of coronavirus, Dawn has learnt from knowledgeable sources.
Global markets extend slump as coronavirus crisis deepens
Stock markets and oil prices collapsed on Friday as investors panicked over the devastating damage of the coronvavirus to global economic growth, dealers said.
Samsung wins 5-nanometer modem chip contract from Qualcomm
SAN FRANCISCO/SEOUL: Samsung Electronics’ semiconductor manufacturing division has won a contract to make new Qualcomm 5G chips using its most advanced chip-making technology, two sources familiar with the matter said, boosting the Korean firm’s efforts to gain market share against rival Taiwan Semiconductor Manufacturing.