Business
Business
Provincial govts default to the tune of Rs 86.5 billion
The power sector’s receivables increased by a staggering Rs92.24 billion to Rs503.257bn from Rs411.013bn during the first nine months of…
State Bank gets new Governor
Prime Minister Nawaz Sharif formally appointed Ashraf Mahmood Wathra as the Governor of State Bank of Pakistan (SBP). Wathra was…
Power shortfall exceeds 6,000MW
With most parts of the country sizzling at up to 45 degree Celsius, the power situation, as expected, worsened on…
Increased loadshedding worries Nawas Sharif
With temperature hovering around 40 degree Celsius, loadshedding has made lives miserable throughout the country. With demonstrations being held over…
PFMA protests Afghan export in foreign currency
The recent restriction by the federal government to export wheat and wheat products to Afghanistan in foreign currency only is…
Foreign remittances inflows up to $15bn
Pakistan was the ninth largest recipient of workers remittances in 2013, with net inflows of about $15bn. In the first…
Tyre smugglers causing Rs15bn loss annualy
The government is losing around Rs15 billion every year due to the smuggling of more than 2.5 million new and…
FAO happy with bumper wheat crop
With the country anticipating record production of 25.4 million tonnes of wheat this year, the UN’s Food and Agriculture Organisation…
Pakistan Investment Bonds: A profitable avenue for the banking sector
The banking sector, which has been facing tough regulations in a declining interest rate environment, has found a new avenue…