The State Bank of Pakistan has decided to reduce the policy rate by 50 bps to 9.5 percent. The decision was taken by the Central Board of Directors of SBP at its meeting held under the chairmanship of Governor Mr. Ashraf Mahmood Wathra in Karachi today. The complete text of the decision is as follows:…
KARACHI: Tax exemptions for sacrificial animals and facilities at Karachi cattle market (maweshi mandi) have lured thousands of buyers and cattle merchants just in a week since its inauguration.
Pakistan’s first and historic 3G/4G auction which took place on the 23rd of April, saw four major operators winning 3G licenses, whereas only one out of the four settled for a 4G license. Warid telecom, part of the Dhabi group stayed out of the auction, owing to bad financial situation of the company, with a…
KARACHI: Employers’ Federation of Pakistan (EFP) has proposed a Pakistan National Business Agenda 2013 (PNBA) for the government and private sector aimed at identifying problems and challenges affecting business growth, employment, revenue generation, low productivity, and other core issues in the economy.
ISLAMABAD: With a claim of producing 1300 to 1500 Mega Watt additional electricity before Ramadan, Finance Minister Ishaq Dar says circular debt will be paid as soon as possible to reduce power shortage.
ISLAMABAD: The supreme court of Pakistan orders relevant authorities to make ensure transparency in allotment of LNG (Liquefied Natural Gas).
LONDON: Google’s search version of Siri, Apple’s intelligent personal assistant, has rolled out a new feature that provides the nutritional content for about 1,000 different foods.
KARACHI: “Around two million people are completely blind in Pakistan, where blindness rate is 1.08 per cent In Sindh, about 340000 people are suffering from blindness, while cataract and diabetes are the major causes of blindness. By birth blind children usually have cataract, which is curable but due to negligence of their parents they are…
KARACHI: The price of gold on Friday slumped to Rs53,500 per tola by losing Rs 3000 in the local market, traders said.
Karachi: Over the directions of the State Bank of Pakistan (SBP), all the banks will remain open today (Sunday) across the country to resolve loan issues pertaining to election candidates.