State Bank amends restrictions imposed on advance payments against imports
In mid-July, the central bank had revised the instructions relating to advance payment facility allowed to importers through authorized dealers and had also restricted the import on open account basis to manufacturing and industrial users for import of spare parts/raw materials only
PPL discovers oil, gas in Sindh’s Kotri Block
KARACHI: Pakistan Petroleum Ltd announced on Monday that it has made a gas and condensate discovery at exploratory well Yasar X-1 from...
PHMA fears import restriction to hinder export orders
LAHORE: Pakistan Hosiery Manufacturers & Exporters Association (PHMA) Monday feared that the latest move of import restriction by the State Bank of...
Oil edges up on Saudi output cut and Iran sanctions, but slowing economic growth drags
In July, Saudi Arabia told the producer group of the Organization of the Petroleum Exporting Countries (OPEC) that it had curbed production by 200,000 barrels per day (bpd) to 10.288 million bpd
Plan to safeguard oil, gas installations in final stages
Transport, aviation fuel stocks for defence needs are needed to be retained for 25 days via oil marketing companies (OMCs) and another 45 days by the civil sector at every airport and seaport
Silkbank declares Rs1.729bn operating profit for half year ended June 30
LAHORE: The Board of Directors of Silkbank Limited in their meeting held on August 13, 2018, declared an Operating Profit of Rs1.729 billion,...
Noor Financial divests another 0.85pc share in Meezan Bank
LAHORE: In a notification issued to the Pakistan Stock Exchange here on Monday, Meezan Bank disclosed that Noor Financial Investment Company had sold/divested...
Rs838.88mn collected for Bhasha, Mohmand dams fund: SBP
ISLAMABAD: The fund dedicated to the construction of Diamer Bhasha and Mohmand dams has so far received over Rs839.88 million from various...
Unity Foods announces new edible oil under brand name ‘Dastak’
LAHORE: Unity Foods Limited on Monday informed all stakeholders regarding the launch of its new edible oil under the brand name “Dastak”....
Market Daily: Indices shrink as Independence Day fails to excite investors
LAHORE: The KSE 100 touched intraday high of 42857.58 after gaining 15.40 points soon after the session begun. But failed to hold...
Uphill task for incoming govt as trade deficit worsens
KARACHI: It is a great challenge for the incoming government of Pakistan Tehreek-e-Insaaf (PTI) and its expected Finance Minister Asad Umer to...
Turkey central bank ready to take ‘all necessary measures’ for stability
ISTANBUL: Turkey’s central bank on Monday announced it was ready to take “all necessary measures” to ensure financial stability after the collapse...
The fate of the Taseers
The financial costs of opposing the blasphemy law in Pakistan?
CPEC to turn Pakistan into a great investment destination: LCCI
LAHORE: China-Pakistan Economic Corridor (CPEC) project is bound to turn Pakistan into a great investment destination and it would start a new...
Palm oil imports up by 7.06pc to $2.039bn
ISLAMABAD: The imports of palm oil into the country witnessed an increase of 7.06 per cent during the fiscal year 2017-18 as...