Business
Business
Falling interest rates: Loans to private sector surge to Rs3.2 trillion
The effect of falling interest rates is at last appearing in the loan books of commercial banks as credit to…
Power tariff cut by Rs3.83 per unit: Not applicable to K-Electric
Thanks to an unabated free fall in international POL prices, Pakistan’s top power regulator has cut the power tariff by…
Equity market in doldrums: 19 out of 20 mutual funds post net loss for January
Nineteen of the twenty mutual funds that invest mainly in listed companies in the equity market posted a net loss…
Inflation increasing: Shows 3.32% as it gathers pace
The key inflation indicator increased for the fourth consecutive month, clocking in at 3.3% last month, which is in line…
Nandipur power plant: NEPRA refuses to approve Rs23 billion higher cost
The government may find it very difficult now, to run the 425-megawatt Nandipur power plant as the National Electric Power…
Global petrol prices hit rock bottom but PM announces a mere Rs5 reduction
PM Nawaz Sharif announced earlier today that petrol and diesel prices have been reduced by Rs5 per litre. Even though…
Oil market set for more turbulence after volatile week
World oil prices swung between sharp gains and losses all this week as possible efforts to finally tackle a supply…
Finance ministry delays release of $300 million for Gwadar pipeline
Islamabad: The Ministry of Finance appears to have spent the entire cess collection from gas consumers to bridge the budget deficit…
MCB privatisation: NAB close to finishing probe into alleged scam
Islamabad: Despite facing hurdles from various quarters, the National Accountability Bureau (NAB) is close to completing probe into alleged wrongdoings in…