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…

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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…

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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…

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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…

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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…

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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…

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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…

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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…

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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…

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