Govt approves hike in margins of petrol, diesel sales
Petroleum Division announced a rise of 9 paisa per litre for OMCs on petrol and 12 paisa for dealers which means margins for the former would increase up to Rs2.64 per litre from Rs2.55
FATF officially sanctions to put Pakistan on ‘grey’ list
A 26-point action plan has been designed spanning a period of 15 months to avoid being blacklisted by the Financial Action Task Force (FATF)
Nepra releases new guidelines for tariff determination of power projects, equity participation
For hydropower projects having capacity up to 50 megawatts and construction periods crossing two years, a spread not surpassing 2.5 percent over Kibor will get authorized
Profit repatriation grew 18.67 percent during July-May FY18
Profit repatriations from power companies during July-May FY18 were recorded at $231.6 million against $164.3 million in the corresponding period of last year
Land troubles plague Dasu hydropower project
The next six months are crucial for the 2,160MW Dasu Hydropower plant as the acquisition of land close to the site area...
International Steels to enhance production capacity
Commissioning of International Steel’s (ISL) new mill increases their cold rolling capacity to 1.0 million tons and reaffirms their position as Pakistan’s...
Cement industry export revenues up by 9pc
According to Pakistan's Federal Bureau of Statistics, the Pakistan cement industry earned a foreign exchange revenue of $20.78 million by exporting 446,741t...
Indus Motor (Toyota) increases car prices yet again
Following the third round of rupee depreciation, Indus Motor Company, which makes Toyota vehicles in the country, has increased its vehicle prices for the...
Euro slips as trade war fears lead investors to shun risk; yuan slides
The euro fell on Wednesday as concern about an escalating trade conflict boosted the dollar and the yen, while the Chinese yuan slumped to a six-month low.
Profit rates on national saving schemes likely to rise on July 1
KARACHI: The profit rates are likely to be increased by half per cent on different national saving schemes.
As per sources, The National...
Power tariff scaled up by Rs1.25 per unit
ISLAMABAD:Â The National Electric Power Regularity Authority (NEPRA) has given the approval to increase power tariff by Rs1.25Â per unit.
This approval of the...
Summit Bank making all-out efforts to conclude merger with Sindh Bank
LAHORE: Summit Bank on Wednesday said it was making all-out efforts to conclude its merger with and into Sindh Bank Limited and...
Market Daily: Equity market registers another day of gains, rising by 472 pts
LAHORE: For a change, market bulls stepped up their game in Wednesday’s session and took inspiration from a buoyant close yesterday to...
FFC MD elected as Director of International Fertiliser Association
ISLAMABAD: The International Fertiliser Association (IFA) during the 86th FA Annual Conference held at Berlin, Germany has elected Fauji Fertilizer Company's (FFC's) Chief Executive...
Bank of England says UK banks can manage hard Brexit
Britain’s banks could deal with a hard Brexit next March if need be, Bank of England Governor Mark Carney said on Wednesday, rejecting European Union warnings that lenders are inadequately prepared.