SBP expected to hike interest rates by 25 to 50 basis points for next two months
KARACHI: The State Bank of Pakistan on Friday is expected to hike the interest rates for coming two months in its monetary...
SBP stipulation creates oversupply of dollars and other currencies
The central bank seems happy with the present scenario, as the kerb market US dollar rate hovers below the inter-bank market rate and there is no adjustment as per market rate
Pakistan’s foreign reserves decline by $300mn
The liquid foreign exchange reserves of the country declined by $300 million to $16.069 billion by the week ended September 7, 2018,...
China won’t resort to massive stimulus but more easing seen: central bank adviser
To ward off a sharp slowdown, China has unveiled a raft of policy measures this year, including four rounds of reserve requirement ratio cuts to boost lending, along with lower taxes and fees, and moves to fast-track infrastructure projects
OPEC oil output posts biggest drop since 2017 on Saudi move
LONDON:Â OPEC oil supply fell in December by the largest amount in almost two years, an agency survey found, as top exporter Saudi...
Saudi company ACWA to invest $4bn in Pakistan’s renewable energy sector
ISLAMABAD: Saudi power producing company ACWA Power on Sunday expressed its willingness to invest around $4 billion in Pakistan’s renewable energy sector.
This...
Cabinet seeks mini-budget to release billions for new gas supply schemes
The cabinet has asked the Ministry of Finance for an approval of a mini-budget from the parliament allowing the release of billions...
Conduct third-party audit of circular debt claims says: PM Nawaz Sharif
A fresh call for a third-party audit has been issued by the Prime Minister Nawaz Sharif to re-authenticate the circular debt figure...
Pakistan’s petroleum sector attracted $10b investment in last four years
Islamabad: The petroleum sector attracted over $10 billion in foreign investment, despite a tame international oil market during the last four years,...
SIDC pledges to resolve issues of sports industry
Sports Industries Development Centre (SIDC) Project Director Muhammad Sarwar Hanif said on Wednesday that the SIDC was busy in providing technical guidelines...
CNG sector set to be waived off 50pc payment owed under GIDC
Islamabad: The Gas Infrastructure Development Cess (GIDC) Act 2015 is planned to undergo some revisions by the incumbent government, which would allow...
Hackers steal $41mn worth of bitcoin from Binance cryptocurrency exchange
HONG KONG: Hackers stole bitcoin worth $41 million from Binance, one of the world's largest cryptocurrency exchanges, the company said on Wednesday,...
Standing committee recommends change of nomenclature of PPIB
ISLAMABAD: Standing committee on Energy has recommended a change of nomenclature of Private Power Infrastructure Board (PPIB) to Pakistan Power Infrastructure Board...
Crisis-hit Nissan shakes up board, keeps boss
TOKYO:Â Japanese car giant Nissan shook up its executive board on Friday, adding a top director from partner Renault as it battles the...
Petrol price likely to be hiked by Rs5 per litre
A further hike of Rs5 in the price of petrol is expected in view of the devaluation of Pakistani Rupee and an...