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...
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
Oil prices edge lower, OPEC may ease supply curbs
OPEC may decide to raise oil output as soon as June due to worries over Iranian and Venezuelan supply
D.G Khan Cement announces completion of Pakistan’s largest cement plant
The cement produced in the trial run is being dispatched to customers. The announcement of commercial production will be made in due course of time, said D.G Khan Cement
Ali Allawala appointed CEO of Malaysia’s Standard Chartered Bank Islamic unit
Ali Allawala was named 'Best Islamic Consumer Banker in Pakistan 2015' by the Islamic Finance Awards
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
NTDC to engage consultant for undertaking technical study
The technical study would evaluate and recommend how to properly protect the system and avoid tripping like the one last week which caused power supply disruption in the northern region of the country
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