SBP to announce fiscal policy for two months on Friday
ISLAMABAD: The State Bank of Pakistan (SBP) will announce the fiscal policy for next two months on Friday.
As per a statement issued...
PIA revenues, operational costs rise in Q1 2018
KARACHI: Pakistan International Airlines (PIA) in the first quarter of the year 2018, has generated Rs23.5 billion in revenues, up by Rs1.6...
Market Daily: KSE 100 Index closes up 27.43 points, settles at 42,772.25
LAHORE: What an anticlimax to such a brilliant run-up from the 22nd of May, as market momentum fizzled out in the wake...
Gas consumers in Sindh, Balochistan to receive Rs18bn from SSGCL in 5 years
SSGCL, which was overcharging its customers, has to pay back Rs 18 bn over the next 5 years, instead of paying instantly, allegedly due to its influential shareholders.
Pak-Qatar General Takaful maintains ‘A’ IFS rating from PACRA
KARACHI: The Pakistan Credit Rating Agency (PACRA) has maintained Pak-Qatar General Takaful Limited (PQFTL) as an ‘Insurer Financial Strength (IFS) Rating’ of...
PAAPAM approaches court against dissolution of EDB
ISLAMABAD: As the automotive and parts manufacturers have so far been unsuccessful in convincing the government to review the dissolution of the...
Govt approves country’s first ever “Digital Pakistan” policy
PM Abbasi announced a cash reward and extension of a tax holiday on IT exports till 2025, reduction in sales tax to 5% in Islamabad Capital Territory and ensured long-term financing at 5% interest rate and formation of legislation for new IT parks
China helping Pakistan avert foreign currency crisis
Pakistan obtained $1.5 billion from China during the first ten months of the current financial year 2018-19
Ecnec gives go-ahead to Rs775 billion, infrastructure and social development projects
Ecnec gave approval to the fourth revised PC-I of Neelum-Jhelum hydroelectric project at a revised cost of Rs506.81 billion
Business confidence exhibits fall before upcoming elections: OICCI
The outcome of the survey was hugely impacted by despondency in retail and wholesale trade whose business confidence nosedived to 6 percent against 40 percent in wave 15
Pakistan needs 1.3 million new jobs every year: UNDP
The hospitality sector, accommodation and food, directly linked to tourism, accounts for only 1.6 percent of the country’s total employment, said the UNDP report
NIC mandatory for buying/selling above $500: SBP
Exchange companies have expressed fears with the latest restriction, illegal traders would engage most of the sellers, which may lead to tightening of dollar supply in the kerb market.
NTDC can’t challenge international arbitration ruling in local courts
In September last year, London Court of Arbitration’s (LCA) fined Pakistan Rs11 billion partial penalty in a case brought forward by eleven IPPs
Pakistan contemplating to import 20,000 tons of cotton from Afghanistan
Import of cotton from Afghanistan is under consideration due to the prevailing water shortage in the country
Govt borrowed $1.5 billion from China from July to April
ISLAMABAD: The government has borrowed $1.5 billion from China in the first ten months of current fiscal year 2018-19.
Documents show that China...