Pakistan criticizes World Bank for overestimating repayment obligations
Islamabad: Pakistan criticized the World Bank for overestimating its external repayment obligations by $13b, which actually stands at $18b, the Finance Ministry said...
Banks lend Rs 7000 crores in consumer loans in FY 17
KARACHI: Lower interest rates have led to consumer loans picking up pace, with banks recording disbursements of over Rs 70 billion (Rs...
Govt to ensure business-friendly environment: PM
ISLAMABAD:Â Prime Minister Shahid Khaqan Abbasi has reiterated the commitment of the government to continue undertaking all possible measures including policy initiatives to...
UAE keen to enhance trade relations with Pakistan: Envoy
ISLAMABAD: United Arab Emirates Ambassador Hamad Obaid Alzaabi has said that UAE wanted to further enhance trade relations with Pakistan as both...
Summit Bank, Sindh Bank merger finalised
KARACHI: In a notification sent to the bourse by Summit Bank Limited on Friday, it has been notified subject to approval by...
Currency circulation rose despite imposition of WHT on banking transactions, says: SBP
Karachi: The enforcement of withholding tax on banking transactions hasn’t prevented the cash economy from flourishing, said State Bank of Pakistan in...
SBP forex reserves decline 0.50pc to touch $13,787.9m
Karachi: Decline in foreign exchange reserves continued for the fourth consecutive week as reserves held by State Bank of Pakistan (SBP) touched...
PAC directs investigation into appointment of ex-MD Nandipur power project
Islamabad: Public Accounts Committee (PAC) on Thursday decided to investigate a Punjab government officer responsible for managing the operations of the cash-bleeding...
Next stage of CPEC begins, as priorities shift towards industrial parks
Islamabad: After completing work on early harvest energy projects, China-Pakistan Economic Corridor is taking the next step towards finalizing recommendations coming Tuesday...
SBP directs money changers to ensure 1pc reduction in open-market rate of dollar
Karachi: State Bank of Pakistan on Thursday held a meeting at its headquarters with money changers and directed them bring to reduce...
FBR wants to work with business community to increase country’s tax base
Islamabad: Federal Board of Revenue (FBR) Chairman Tariq Mahmood Pasha said on Wednesday that the FBR wanted to engage the business community...
Maple Leaf Cement’s 40MW coal-fired power plant starts production
Lahore: In a notification sent to the bourse on Thursday, Maple Leaf Cement Factory Limited announced the commencement of operations of its 40MW coal-fired...
Oil prices fall slightly as US fuel inventories rise
Singapore: Oil prices eased on Thursday as U.S. fuel inventories rose despite efforts by OPEC to cut production and tighten the market.
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KP, Punjab protest over delays in signing of power-purchase agreements
Islamabad: Punjab and Khyber-Pakhtunkhwa have voiced their protest over the non-signing of power purchase agreements (PPA), as both provinces are supplying electricity...
GB/AJK regions in line to get 3G/4G services by Feb 2018
Karachi: In good news for consumers in Azad-Jammu Kashmir and Gilgit-Baltistan, Pakistan Telecommunication Authority has plans to bring blazing fast 3G and...