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…
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…
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…
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…
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…
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…
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…
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…
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…