Business
Business
SBP to auction sukuk worth approximately Rs100b this week
The State Bank of Pakistan (SBP) is expanding the issuance of local currency Islamic bonds (sukuk). In this regard it…
6 biggest banks to collectively post record profit of Rs130b
6 of the biggest banks in Pakiatan are expected to collectively post a record profit of Rs130 billion for 2015,…
LNG fuel: Govt plans medium-sized power projects
The government has decided in principle to invite bids from the private sector for building new medium-sized power plants of…
Pakistan, Thailand close to finalising draft for a free trade accord
Pakistan decided in principal to extend all those concessions to Thailand under a proposed free trade agreement (FTA) that are…
PIA Strike:Plans being drawn up for ‘new airline’
Rather then initiating talks with the striking Pakistan International Airlines (PIA) workers, the government has decided in principle to launch a…
Sialkot sports goods industry hope for a windfall thanks to PSL
The manufacturers and exporters of sports goods based in the sports good manufacturing hub of Pakistan, Sialkot hope Pakistan Super…
Fuel price adjustment: Govt holds back tariff cut for industrial sector
The government has played a neat trick with the industrial consumers of electricity as on the one hand it has…
Bailout package: IMF approves $497m tranche for Pakistan
The International Monetary Fund (IMF) said on Thursday it had agreed to release a $497 million tranche for Pakistan after…
K-Electric: Rs42b subsidy claims electrifies govt.
The Ministry of Finance is perturbed over the very high subsidy claims made by K-Electric. It requested the Ministry of…