Business

Business

Ogra recommends accross the board cut in POL prices

The Oil and Gas Regulatory Authority (Ogra) forwarded yesterday, a summary to ministries of petroleum and finance, recommending a reduction…

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Foreign exchange reserves drop to $13.219bn

The country’s total liquid foreign exchange reserves declined to $13.219 billion during the week ending November 21 compared to $13.228bn…

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‘Poor business climate’says OICCI President

"Huge amounts of pending tax refunds, poor protection of intellectual property rights (IPR) and poor governance standards in Pakistan are…

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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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