Pak Foreign exchange reserves stand at $17.47b

According to the State Bank of Pakistan, the reserves showed a decreased of $52.5 million as compared to the last week. Reserves held by the SBP fell to $14.02 billion from $14.11 billion a week ago, while those held by commercial banks rose to $3.45 billion from $3.41 billion.

Pakistan foreign reserves have surged by $4.51 during the fiscal year 2011.

General growth properties

TrendPK.com Update | 10:39 a.m.. Simon Property Group on Tuesday made an unsolicited $10 billion bid for General Growth Properties, a rival mall operator that is trying to emerge from bankruptcy protection.
Simon said in a statement that its offer, made a little over a week ago, would accelerate General Growth’s emergence [...]

Gold price jumps to record Rs36,500/tola

PESHAWAR: The price of a tola of gold has surged to a record level of Rs36,500 in the city. According to Sarafa Association, the price of gold stood at Rs35,500 a tola a week ago which has now increased by Rs1,000 to the record level of Rs36,500. The rise in price of yellow metal is said to be the diminishing value of rupee against dollar

PESHAWAR: The price of a tola of gold has surged to a record level of Rs36,500 in the city.

According to Sarafa Association, the price of gold stood at Rs35,500 a tola a week ago which has now increased by Rs1,000 to the record level of Rs36,500.

The rise in price of yellow metal is said to be the diminishing value of rupee against dollar.