Business

Business

Letter of Interest for 660MW coal power project in Thar signed

As government issued letter of interest (LoI) for setting up a 660MW coal power project in Thar to be completed…

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Cotton prices fall for third consecutive day

Official spot rates of cotton were lowered for the third consecutive day yesterday and most deals on ready counter were…

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S&P affirms Pakistan’s long-term rating ‘stable

Standard & Poor’s (S&P) Rating Services has affirmed ‘B-’ long-term and ‘B’ short-term sovereign credit ratings on Pakistan, adding that…

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Pharma industry in favour of reference pricing system

National Health Services (Regulation and Coordination) Secretary Ayub Shaikh said that DRAP had given three proposals: reference pricing, cost plus…

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Faulty e-filing system annoys taxpayers

Trade and industry has criticised the Federal Board of Revenue (FBR) for launching an e-filing system without verifying its shortcomings…

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Drastic cut in PIBs yield surprises market

The unexpected drastic cut in the cut-off yield on the Pakistan Investment Bonds surprised the market while the State Bank…

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Government to provide support to basmati growers

Agriculture was the backbone of Pakistan’s economy and the government was taking steps to support this important sector, said Prime…

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Current account deficit increases to $1.76bn

Current account deficit for the first four months of this fiscal year widened to $1.759 billion because of higher import…

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PSO’s receivables at all time high

As of Nov 19, the receivables of the state-run PSO touched Rs238 billion, highest-ever in its history. The company’s previous…

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