Business

Business

IPPs send govt notices for clearence of an estimated Rs42bn dues

Fourteen Independent Power Producers (IPPs) have served notices to the government for Rs42 billion default made by the National Transmission…

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State employment exchanges to be re-activated

Commissioner Karachi Shoaib Ahmed Siddiqui has directed all assistant commissioners to activate public-sector employment exchanges and make them an effective…

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SBP slashesT-bill rates

The State Bank of Pakistan yesterday reduced the cut-off yield on treasury bills (T-bills) by up to 50 basis points,…

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Senate finance commitee criticises Govt for not appointing heads of regulators

The members of Senate Standing Com­mittee on Finance on Wed­nesday slammed the government for failing to appoint full-time heads of…

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Tuwairqi Steel threatens to leave Pakistan

The management of Tuwairqi Steel Mills Ltd (TSML) yesterday announced their intention of pulling out of the country as the…

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Prices fall on higher phutti arrivals

Cotton prices continued to fall yesterday on the back of high flow of phutti (seed cotton), and global factors. However,…

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Bulls return as KSE stages 231-point rally

Stocks staged strong rebound on Wednesday as news filtered into the market relating to a warm welcome accorded by international…

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Govt to divest its shares in Allied Bank ltd. by December

The Cabinet Committee on Priva­ti­sation (CCoP) on Wednesday app­roved the transaction structure for the divestment of government’s residual shares in…

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Sukuk yields a massive $1bn in international bond market

Pakistan raised $1 billion from the international Islamic bond market yesterday by selling its Sukuk papers at 6.75 per cent…

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