Business
Business
PIA faceoff: IMF agrees to delay sell-off for 6 months
Both Pakistan and the International Monetary Fund (IMF) have reached a 'staff-level' understanding to delay the privatisation of PIA (Pakistan…
Spending on Halal food may rise 10.8% per year
Peoples spending on Halal food and lifestyle products could rise 10.8% per year until 2019 and may well create an…
Japan still ready to fund revival of Karachi Circular Railway
The Japanese government is ready to provide support and funds for the long pending revival of the Karachi Circular Railway…
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…