OGRA sets UFG benchmark rate at 6.3pc for SNGPL and SSGC
Islamabad: A local newspaper reported Oil and Gas Regulatory Authority (OGRA) had permitted state-owned gas utilities to recover 6.3pc unaccounted-for-gas (UFG) losses...
Alibaba’s acquisition of Telenor Bank could alter dynamics of e-commerce in Pakistan
Islamabad: Apropos to a report by Profit on Tuesday, sources in State Bank of Pakistan have confirmed that it had received a...
Pakistan to pay $5.6 million monthly interest in Karkey RPP case
Islamabad: Aside the hefty $700m penalty slapped by ICSID last month in connection with Karkey Karadeniz case, Pakistan will also be paying...
Govt taking measures to boost agriculture-led exports: commerce minister
ISLAMABAD
Federal Minister for Commerce and Textile Muhammad Pervaiz Malik on Wednesday said that Pakistan has huge potential in Agriculture trade and local...
Bank Alfalah bags ‘Best Bank Award’ at low-key 2nd PBA
Banking industry playing role in job opportunities, strengthening economy: Tariq Bajwa
KARACHI
At the second Pakistan Banking Awards (PBA) Tuesday, the prestigious ‘Best Bank Award’...
Moody’s affirms Habib Bank’s B3 local-currency deposit rating; downgrades its baseline credit assessment to caa1
Limmasol: Moody's Investors Service on Monday affirmed Habib Bank Ltd. (HBL)'s B3/Not-Prime local currency deposit ratings and its Caa1/Not-Prime foreign currency deposit...
KfW to keep providing assistance for development of water and hydro-electric projects in Pakistan
Lahore: A local newspaper reported that German financial institution KfW will keep providing assistance in the development of water and hydroelectric power...
Centralized system should be established for telecom policy intervention says: PTA
Islamabad: Pakistan Telecommunication Authority (PTA), Chairman Ismail Shah on Tuesday said the government needed to establish a centralized system for telecom policy...
Wheat and sugar exports surge by 100pc during July 2017
Islamabad: The exports of wheat and sugar from Pakistan during the first month of current financial year witnessed 100 percent increase as compared...
Karkey awarded $700m damages in rental power plant case
Islamabad: A local newspaper reported that Turkish entity Karkey Karandeniz Eelktrik Uretim As, has been awarded damages worth $700m over the rental...
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...
K-Electric posts Rs32.75bn profit
KARACHI
K-Electric (KE) held its 106th Annual General Meeting (AGM) for the FY 2016, chaired by Independent Director Khalid Rafi, in the presence...
Bank Islami rubbishes claims of receiving financial assistance from SBP
KARACHI
Bank Islami Pakistan Limited (BIPL) clarified in a statement filed in the stock exchange that it did not receive any financial assistance...
Jazz appoints Kazim Mujtaba as Head of Marketing
Islamabad: Kazim Mujtaba has been appointed as Jazz’s Head of Marketing, according to his LinkedIn profile and also reported by a local...
Telecom sector; third highest contributor in terms of FDI for July-August 2017
Karachi:  Pakistan’s telecom sector was the third highest contributor in terms of foreign direct investment (FDI) during July and August, reported State...