$4.5b credit financing facility extended by IDB to boost oil imports
During the last financial year 2017-18, the ITFC had extended four facilities for crude oil imports valuing at $870 million, according to EAD statistics
Expedite setting up of Exim Bank, demands UNISAME
KARACHI: The Union of Small and Medium Enterprises (UNISAME) has urged Tariq Bajwa, the governor of State Bank of Pakistan (SBP) to...
Tractor production increases 15.44pc, reaches 67,371 units
ISLAMABAD: The domestic production of tractors during the first eleven months of the financial year 2017-18 registered over 36.61 per cent growth...
Basmati rice worth $540.231m exported
ISLAMABAD: About 520,759 metric tons of basmati rice worth $540.231 million were exported during the period from July-June, 2017-18 as against the...
Capital markets key avenue for attracting foreign inflows: Dr Shamshad Akhtar
ISLAMABAD: Strengthening of the capital market is critical for augmenting domestic resource mobilisation to support the growing financing requirements of the country,...
Balloki Power Plant starts operations
Balloki Power Plant can add up to 1,230 megawatts to the national grid, the equivalent power needed to supply up to 2.5 million Pakistani homes.
SECP operations neglected as management fails to see eye to eye
ISLAMABAD: Alleged tussles between the Security Exchange Commission of Pakistan (SECP) ‘junior’ chairman and senior commissioners are reportedly damaging the operations of the...
Handling of economic challenges to guide investors’ sentiments next week
LAHORE: Experts believe the relief rally is to be fizzled out gradually over the upcoming week following the shift of focus on key...
PLL’s inefficiencies cause losses to the tune of Rs.1.8b
ISLAMABAD: The country has faced a loss of approximately Rs1.8 billion in two months (May and July 2018) as Pakistan Liquefied Natural Gas Limited...
Rupee stronger against the dollar
Market Analyst Hammad Malik told Profit, “I think Rs125 is a fair price against the greenback and it will likely revolve around it.”
Weekly inflation up by 0.21 per cent
The weekly inflation for the week ended on July 26 for the combined income group witnessed an increase of 0.21 per cent as compared to the previous week.
Colgate-Palmolive to raise prices as raw materials costs surge
Colgate, which makes Speed Stick deodorants and Softsoap hand-wash, said raw material inflation had hurt second-quarter gross margins by 320 basis points
Nepra directs K-Electric to decrease tariff by Rs1.172 per unit
The power regulator in its newest calculation shared K-Electric was bound to recommend modification of tariff to transfer of profits founded on an asset base of Rs27.5 billion for FY 2014-15 but failed to submit the request for adjustment
Previous govt gave go-ahead to $1.6b incentives for oil refinery in Hub
Parco executives said a $5 billion investment would yield monetary benefits to the tune of $84 billion in shape of foreign currency savings on imports, a contribution of petroleum levy/sales tax and share in profit for the Pakistani government
LNG prices rise in Asia as heatwave grips Japan
Spot prices for September LNG-AS delivery in Asia were assessed at $9.75 per million British thermal units (Btu), up 25 cents from the previous week