Oil slides towards weekly loss on excess supply worries
LONDON:Â Oil prices fell for a sixth day on Friday, and were on track for their biggest weekly loss in 10 months, as...
Number of branchless banking agents crosses 0.4mn
ISLAMABAD: The number of branchless banking agents are witnessing continuous surge throughout the country, crossing 0.4 million at end of July 2017.
The...
Pakistan will never allow its soil to be used for money-laundering, terror-financing: Miftah
ISLAMABAD: Adviser to Prime Minister on Finance Miftah Ismail has said that Pakistan will never allow its soil to be used for...
SBP to hold an inquiry into closing of HBL NY branch
Islamabad: The State Bank of Pakistan (SBP) will hold an inquiry into the closure of Habib Bank Limited’s (HBL) branch in New York...
Pakistan’s first mechanised coal/clinker terminal becomes operational
Pakistan’s first state-of-the-art mechanised, coal, clinker and cement bulk cargo terminal at Port Qasim has commenced its hot commissioning, becoming fully operational...
Renewed beginnings
The 2013 National Power Policy was basically two-pronged: eliminate an average power shortfall of 5,000MW and make sure it’s done with tangible...
SBP obtained $5.8 billion short-term loans from commercial banks
ISLAMABAD: State Bank of Pakistan (SBP) is said to have procured $5.8 billion of short-term loans to paint a picture of stability...
SBP presents draft law to parliamentary panel for curbing money laundering
ISLAMABAD: To rein in money laundering, State Bank of Pakistan has suggested a legal amendment which would permit law-enforcing agencies to question...
PSM may shift liability to next government
ISLAMABAD
At present, despite tall claims, the government has failed to revive or privatise Pakistan Steel Mills (PSM) during the past four years....
Pakistan has become a country of opportunity for German investors: Envoy
ISLAMABAD: Special Assistant to the Prime Minister on Revenue, Federal Minister and Senator, Haroon Akhtar Khan has said the resolve and sacrifices...
Power ministry orders inquiry against overbilling
ISLAMABAD: Ministry of Power Division has ordered an inquiry against Hyderabad Electric Supply Company (HESCO) Chief Executive on sending high electricity bills...
ECC okays power tariff hike of Rs0.30 per unit
The Economic Coordination Committee (ECC), in its meeting held under the chair of Adviser to Prime Minister on Finance and Revenue Dr...
SBP foreign exchange reserves decrease 2.2pc in a week
KARACHI:Â Foreign exchange reserves of the State Bank of Pakistan (SBP) amounted to $13.23 billion on January 26, down 2.2 per cent from...
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...
Procurement of sugar contingent to payment clearance by sugar mills: TCP
KARACHI: The Trade Corporation of Pakistan (TCP) has set the condition that procurement of sugar remains contingent to payment clearance of farmers...