Dollar reserves of commercial banks exhibit 24 percent rise
KARACHI: Data available from State Bank of Pakistan for last 13 months till end of January 2018 revealed reserves held by commercial...
Govt constitutes committee to formulate changes in PIU for agri-credit loans
ISLAMABAD: The cabinet has setup an inter-ministerial committee to be headed by Minister for Privatization, Daniyal Aziz for formulating recommendations for changes...
Industries avoiding machinery imports due to high taxes: PBIF
LAHORE: Pakistan Businessman and Intellectual Forums (PBIF) President, Mian Zahid Hussain on Friday stated investors are avoiding imports of machinery due to...
Disparity in open market, inter-bank exchange rates could encourage remittances to go via undocumented channels
KARACHI: The increasing gap in exchange rates between interbank and kerb markets stirred fears that remittances may go through undocumented channels.
Difference between...
Oil prices dip, as US dollar surges
NEW YORK: Oil prices fell on Friday as the dollar surged following strong U.S. jobs numbers, though compliance with output cuts by...
Subsidy issue on sugar exports unresolved in Sindh, Punjab
KARACHI:Â Despite increasing export target from 500,000 tonnes to two million tonnes, the sugar exporters in the country are still reluctant to export...
Cement industry capacity utilisation touches 99pc in January
ISLAMABAD:Â Domestic consumption of cement increased by a whopping 37.3 per cent in January 2018 on a year-on-year basis as the construction activities...
Banking sector contributions to KSE 100 rise by 8.8pc in January
KARACHI: The banking sector remained the top contributor to the rise of 8.8 per cent in the benchmark index in January, according...
Malik Riaz’s Escorts Bank now compliant with SECP regulations
KARACHI: Bahria Town-owned Escorts Investment Bank Ltd (EIBL) told the stock exchange on Friday it is now compliant with the minimum equity requirement under...
Machike-Tarujabba oil pipeline being laid to avoid tragedies like Ahmedpur East
ISLAMABAD: Managing Director Inter State Gas Systems (Pvt) Limited (ISGSL) Mobin Saulat Friday said laying of 427-kilometer Machike-Tarujabba oil pipeline would help...
Govt may withdraw power subsidy to industries
ISLAMABAD: The Rs3 per unit (KWh) subsidy extended to the industrial sector granted by the former Prime Minister Nawaz Sharif in 2015...
In second IPO of 2018, pharmaceutical company AGP set to get listed on PSX
KARACHI: AGP Limited, one of the country’s topmost local pharmaceutical companies is gunning for an initial public offering (IPO), an official of...
Omni Group claims it is being politically victimised
ISLAMABAD: Omni group, an industrial, agricultural and service oriented group in Pakistan established in 1999, has claimed that it is being politically...
PM inaugurates Digi Skills programme to train one million youth through online modules
ISLAMABAD:Â Prime Minister Shahid Khaqan Abbassi inaugurated Digi Skills programme aimed at training one million youth through online modules in Islamabad on Thursday.
Addressing...
Heads of electric supply companies removed over skyrocketing losses
ISLAMABAD:Â The Power Division has removed from position heads of four electric supply companies of the country for not containing losses in their...