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…
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…
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…
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…