Current account deficit can be contained in coming months, says: SBP
ISLAMABAD: The State Bank of Pakistan voiced hope the current account deficit could be reined into a manageable level in the next...
Oil prices steady, as trading activity dries up ahead of new year
SINGAPORE: Oil prices were stable on Thursday with trading activity drying up ahead of the New Year weekend.
Heading into 2018, traders said...
Low financing to SMEs despite cut in policy rate: APBF
KARACHI: All Pakistan Business Forum has urged the commercial banks to improve its financing for small and medium enterprises (SMEs) sector which...
CCI members advocate sugar mafia
ISLAMABAD: Despite countrywide uproar, protests and strikes of sugarcane growers, none of the members of Council of Common Interests (CCI) under the...
Banks to remain closed for public on January 1st
ISLAMABAD: The State Bank of Pakistan (SBP) has announced to observe a bank holiday on January 1, 2018, and will remain closed...
Questions over GE’s power turbines performance being raised in Pakistan
ISLAMABAD/SINGAPORE: General Electric’s flagship gas turbines ran into problems in Pakistan earlier this year, leading to delays and lengthy outages at three newly...
NBP president inaugurates Islamic banking branch in Chitral
KARACHI: National Bank of Pakistan (NBP) President Saeed Ahmad visited the Chitral valley and its adjoining areas where he inaugurated the first...
11, 000MW electricity to be added to grid by June 2018: Awais Leghari
ISLAMABAD: Federal Minister for Power Awais Ahmed Leghari on Tuesday said that after the completion of the mega hydel-power project of Neelum...
PICIC insurance set to merge into Crescent Star Foods
LAHORE: A bourse notification Tuesday filed by PICIC Insurance revealed the company's board of directors had approved its merger with Crescent Star...
Second LNG terminal resumes operations, helps to plug critical gas deficit in winters
ISLAMABAD: Beset by troubles since its inception, the second LNG terminal at Port Qasim, Karachi has got fixed and over 400mmcfd of...
CarFirst: Reinventing the used car trade through technology and infrastructure creation
With online traction gaining strength in almost every segment of the economy, the buying as well as selling of cars have also...
Govt to hold new round of bidding for petroleum exploration blocks
ISLAMABAD: The government under immense pressure from provinces has finally decided to hold a fresh round of bidding for petroleum exploration blocks...
Gasport, FBR locked in dispute over Rs1.5 billion custom duty payment
ISLAMABAD: The second LNG gas terminal which has been a bone of contention and controversy since its inauguration last month is now...
Mobile phone importers face crunch, as duties bite into sales
KARACHI: Major price increases have been witnessed in the price of mobile phones, as rupee’s recent depreciation and governments decision to crackdown...
Decrease tax rate for banks earning income from providing financing to SME’s: SBP
LAHORE: The State Bank of Pakistan in its recently launched policy for promotion of Small and Medium Enterprises (SMEs) has proposed decrease...