Business
Business
Bears return to stock market
Profit-taking ahead of an eventful week-end pulled KSE-100 index down by 78.36 points yesterday, though the benchmark kept clinging to…
Massive over-billing been conducted by power companies: Report
A preliminary analysis of random data of electricity distribution companies (Discos) has found massive presumptive billing, overcharging and increase in…
Interest rate likely to remain unchanged in upcoming monetary policy statement
The State Bank of Pakistan (SBP) will unveil its Monetary Policy Statement (MPS) for the next two months on Sept…
International Finance Corporation to invest $67m in Bank Alfalah
The International Finance Corporation (IFC), a member of the World Bank Group, has entered into an agreement with Bank Alfalah…
Dar rules out easy recovery of the billions stashed away in Swiss banks
Finance Minister Ishaq Dar yesterday ruled out the possibility of the recovery of billions of dollars stashed in Swiss banks…
“Western sanctions violate WTO principles”: Russian President Putin
Russian President Vladimir Putin yesterday lambasted the European Union and the United States for violating basic World Trade Organisation principles…
Ebola ‘fear factor’ risks economic catastophe: World Bank
The World Bank warned yesterday that fear of the deadly Ebola virus is choking off economic activity in West Africa…
“Economy may suffer from political impasse”: ADB
Asian Development Bank (ADB) President Takehiko Nakao warned yesterday that the ongoing political impasse could damage Pakistan's recently stabilised economy,…
Power sector debt to PSO increases to Rs186bn
Pakistan State Oil (PSO) receivables from power sector are Rs186 billion, according to Managing Director Amjad Pervaiz Janjua. “Actually it…