Business

Business

Stocks recover overnight losses

After a brief respite on Wednesday, stocks continued to rally with the KSE-100 index posting gain of 167.06 points or…

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SBP advises Banks to finance SMEs

The State Bank of Pakistan (SBP) yesterday advised banks to extend loans to the small and medium enterprises (SMEs) under…

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Saudi Arabia’s giant new oil refinery in trouble

Saudi Aramco and joint venture partner Sinopec have started test runs at their 400,000 barrel per day (bpd) Yanbu refinery,…

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Ferrari president forced to step down

Ferrari, a byword for flashy sports cars, hit rough ground yesterday with the shock announcement that its president of 23…

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Threat of imminent floods may hit food price stability in Sindh

The market of kit­chen items is calm in the south of the country despite devastating floods up-country. “There is a…

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Ports ministry urged to stop rising pilferage

Several trade associations have complained to the Karachi Chamber of Commerce and Industry (KCCI) about the rising theft of imported…

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$2.4bn Kohala hydropower deal finalised

State-run companies of Pakistan and China have finalised a 30-year tariff at 7.9 cents per unit for $2.4 billion Kohala…

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Remittances increase by 12.6%

The State Bank said on Wednesday that Pakis­tanis remitted $2.978 billion in first two months (July-Aug) of current fiscal year…

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FBR all set to introduce new Sales Tax General Order

FBR Chairman Tariq Bajwa while speaking to members of the Multan Chamber of Commerce and Industry said that, “the Federal…

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