Business
Business
Mari Petroleum’s GPA to be replaced with market related formula
Mari Petroleum Company Limited (Mari) disclosed on yesterday that the Economic Coordination Committee (ECC) of the Cabinet had approved the…
PSO suspends fuel supply to PIA for not clearing dues
Pakistan State Oil (PSO) on Thursday suspended fuel supply to Pakistan International Airlines (PIA) for not clearing the dues. According…
LCCI wants interest rate cut down to 6.5%
The Lahore Chamber of Commerce and Industry (LCCI) yesterday urged the State Bank of Pakistan (SBP) to cut the interest…
Exports grow by 9% in November
Exports rose by over nine per cent year-on-year to $1.966 billion in November from $1.796bn, brightening hopes for better proceeds…
Grey traffic causing huge losses to govt, LDI operators
Illegal telephone exchanges are causing billions of rupees revenue losses annually to the government and denting the share of licensed…
SBP report says most macro-economic targets missed
The State Bank claimed in its annual report issued yesterday that the fiscal year 2013-14 (FY14) was a better year…
Incentives sought for speedy construction of hydro power projects
The Water and Power Development Authority (Wapda) has asked the government to offer a part of the expected revenues of…
Oil prices down in Asia
Oil prices fell in Asia Wednesday as dealers await the latest US supply report for clues about production levels, while…
Banking spread falls to 9 year low
Average banking spread has fallen to nine-year low, rendering the long-term government papers more attractive, as it would help banks…