Business Blog

The Ministry of Communications and Information Technology said the new technology parks are expected to be completed by 2020.

Shares in carmaker Fiat rise after Luca Cordero di Montezemolo resigned as the chairman of its Ferrari division.

Mention Morocco and most would first think of the exotic markets of Marrakech, the desert dotted with ancient kasbahs and, of course, the classic 1942 wartime film "Casablanca."

UAE-headquartered hospitality company, TIME Hotels Management, has announced the latest in a series of property management contract deals with the signing of a new five-star hotel located just a few minutes from the city's medical services hub - Dubai Healthcare City.

Park Investments, a newly formed specialized real estate life cycle investments company in UAE, part of leading multi-faceted business conglomerate in Korea and USA with diversified businesses plus years of invaluable experience and expertise in the real estate sector now makes its foray into the Dubai Realty.

DAILY INDICATORSTUESDAY PREVIOUS Floating Interbank Rate (Rs/$) 102.00/102.05 102.00/102.07 Rupee/US$ (kerb market) 101.80/102.00 101.90/102.10 Karachi 100-share index 29,728.91 29.585.60 Gold (Karachi) Rs/10 gm n/a n/aCENTRAL BANK AUCTIONSTreasury bill auction results: Cut-off yield (pct) at auction on Sept 3 Aug 20 Three-months bills 9.9564 9.9564 Six-month bills 9.9791 9.9791 12-month bills 9.9