Bank’s high level exposure to low-rated government securities, a major risk, says: Moody’s
LAHORE: International credit rating agency, Moody's, has kept a stable outlook for Pakistan’s banking sector stimulated by a growing economy, enhanced domestic...
Local cement prices increase by Rs 10 per bag
According to AKD Research, cement prices in the northern region have increased by Rs 10 per bag. Previously, cement prices had largely remained...
Pakistan’s CPI surges by 3.8% in February 2018
KARACHI: The country’s Consumer Price Index (CPI) which measures average change over time in the prices for a market basket of consumer...
OMV Pakistan divests upstream business to United Energy for $192 million
KARACHI:Â OMV AG, the Vienna-Austria-based integrated oil and gas company, has agreed to sell its upstream, exploration and production, business in Pakistan to...
Price hike: Petrol price up Rs3.56 per litre
ISLAMABAD: Following OGRA’s recommendations, the government here on Wednesday announced another price hike in the price of petrol by Rs3.56 per litre...
Punjab govt spent hefty amount for increasing yields: DC
SIALKOT: Sialkot Deputy Commissioner Dr Farrukh Naveed said on Wednesday the Punjab government had spent billions of rupees under various schemes to...
PTEA urges govt to remove major obstacles in export growth
FAISALABAD: The Pakistan Textile Exporters Association (PTEA) has urged the government to immediately remove obstacles affecting export growth. An extreme cash flow...
LG unveils premium K10 and K8 series smartphones at MWC
Karachi / SEOUL:Â LG Electronics (LG) unveiled the 2018 edition of its popular K8 and K10 mass-tier smartphones at the Mobile World Congress...
Akzo Nobel Pakistan divests Specialty Chemicals business to Akzo Nobel Chemical for Rs33.5 million
LAHORE: A bourse notification filed Wednesday by Akzo Nobel Pakistan Limited revealed its board of directors had approved divesting of its Specialty...
Oil prices decline, on back of weak Chinese, Japanese industrial data
TOKYO: Oil prices fell on Wednesday as weak Chinese and Japanese industrial data triggered concerns of an economic slowdown that could lower...
PPIB MD removal to be deliberated upon in next BOD meeting
ISLAMABAD: Private Power and Infrastructure Board (PPIB) board of directors are set to deliberate upon whether to remove the current Managing Director,...
SBP expresses inability to trace/bring back money stashed abroad by Pakistani’s
ISLAMABAD: A State Bank of Pakistan report submitted to the apex court has expressed its inability to bring back money stashed overseas...
Petrol, diesel prices expected to go up by Rs3.56 & Rs6.99 per litre
ISLAMABAD: Petrol prices are expected to be jacked up by over Rs3.56 per litre, as diesel prices will also see a hike...
Iran seeks $1.2 billion damages for shelving of IP gas pipeline
ISLAMABAD: Pakistan now faces another international arbitration case as Iran threatened to take the country to The Hague for unilaterally shelving the...
Japan provides $7.7mn to support FMD control, reduce poverty in FATA
ISLAMABAD: The government of Japan would provide an amount of $2.7 million and $5 million respectively for Food and Agriculture Organisation (FAO)...