Business

Business

$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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World Bank warns of global level jobs crisis

The world is facing a global jobs crisis that is hurting the chances of reigniting economic growth and there is…

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Dollar stabilises at Rs102

The US dollar seems to have settled at Rs102 as neither the State Bank nor the Ministry of Finance is…

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Stocks stage 143-point bull run

Stocks raced forward on Tuesday as the KSE-100 index rallied by 143.31 points to close at 29,728.91. Investors’ enthusiasm was…

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SECP still struggling to demutualise bourses

Despite the passage of two years, the Securities and Exchange Commission of Pakistan (SECP) has not been able to pursue…

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Floods may cause immense loss to economy

The brokerage houses that keep their eyes on corporate earnings have made reports on the scale of potential damage that…

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IMF sees world growth at just over 3%

The head of the International Monetary Fund yesterday hinted that the global lender could downgrade its forecast for world economic…

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