Business
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IT policy draft envisions enhanced exports
ISLAMABAD: The draft of National IT Policy 2016 has been finalised which envisages software and telecom enabled services exports at...
Inflation climbs to 4.2pc in Oct
ISLAMABAD: Inflation rate increased to 4.2 percent during the month of October over a year ago due to the continuous...
Petroleum prices remain unchanged
ISLAMABAD: The federal government has announced to keep oil prices unchanged for the month of November. Prime Minister Nawaz Sharif...
LPG price increased by Rs10 per kg
ISLAMABAD: The liquefied petroleum gas (LPG) marketing companies on Monday increased price of the commodity by Rs10 per kilogramme. LPG...
ECC approves revised sovereign guarantees for 425MW Nandipur project
ISLAMABAD: The Economic Coordination Committee of the Cabinet has approved the issuance of second revised government of Pakistan sovereign guarantees...
ADB to give Pakistan $75m for wind farm
ISLAMABAD: The Asian Development Bank (ADB) has approved $75 million for Pakistan to support the development of the largest wind...
SBP releases APR, financial statements for FY16
KARACHI: The State Bank of Pakistan (SBP) on Monday issued the Annual Performance Review on the working of the bank...
Mobile imports decrease by 12% in Q1
ISLAMABAD: Mobile phone imports into the country declined over 15 percent in the first quarter of the current financial year...
Sind govt urged to announce soft loans on tractor purchase
HYDERABAD: The Sindh Chamber of Agriculture (SCA) has demanded of the Sindh government to announce an interest-free loan package for...
Second ship carrying construction material arrives at Gwadar port
KARACHI: China Pakistan Economic Corridor (CPEC) related construction work has been started after the arrival of second ship carrying construction...
Telecom sector contributes Rs652.18b to national exchequer in terms of regulatory duties, taxes
ISLAMABAD: Telecom sector has contributed an amount of Rs 652.18 billion to national exchequer in terms of regulatory duties and...
SECP approves framework for open offering of debt, equity securities
ISLAMABAD: Securities and Exchange Commission of Pakistan (SECP) has affirmed administrative structure for open offering of debt and equity securities...
Dar launches PMIC in Islamabad
ISLAMABAD: Pakistan Microfinance Investment Company (PMIC) has been launched on Friday with an aggregate value of Rs6 billion in which...
SBP’s liquid foreign exchange reserves decrease $135m
ISLAMABAD: The liquid foreign exchange reserves amounted to $24.3 billion on Oct 21, down 0.5 per cent from a week...
DAR hails performance of Economic Affairs and Finance Divisions
ISLAMABAD: Senator Mohammad Ishaq Dar, Federal Minister for Finance, Revenue, Economic Affairs, Statistics and Privatization chaired a meeting of the...
NBP’s after-tax profit surges by 11%
LAHORE: Meeting of the Board of Directors (BoD) of National Bank of Pakistan (bank) was held on Thursday at Bank’s...
Lucky Cement profit increases by 9.1% to Rs3.24b
LAKKI MARWAT: Lucky Cement Limited has reported net profit of Rs3.24 billion for the first quarter ended September 30, which...
ADB declines to give fund for $14b Diamer-Bhasha dam project
ISLAMABAD: The Asian Development Bank (ADB) has refused to give funds for the $14 billion Diamer-Bhasha dam project. ADB President...
MCB Bank announces financial performance
LAHORE: The Board of Directors (BoD) of MCB Bank Limited has met under the chairmanship of Mian Mohammad Mansha to...
Cotton price decreases by Rs50 to Rs5,950 per maund
KARACHI: The cotton price in local market has decreased by Rs50 to Rs5,950 per maund due to selling pressure. Barring...
