Business

Business

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…

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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…

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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…

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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…

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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…

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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…

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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…

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Profit-taking pulls bears back

Stocks came under selling pressure yesterday with the KSE-100 index retracing its steps back from the 32,000 level, representing a…

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Power sector receivables cross Rs577bn

The power sector total receivables have risen to Rs577.330 billion in the first quarter (July-September) of this fiscal year, as…

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