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BUSINESS
ECC fixes Rs 8500/40 kg CIP for cotton for current season
ISLAMABAD: March 14, 2023: Federal Minister for Finance and Revenue Senator Mohammad Ishaq Dar presided over the meeting of the Economic Coordination Committee (ECC) of the Cabinet, today.
Federal Minister for Industries and Production…
APFDA calls -off strike after Punjab govt reverses harsh conditions for sale of urea
LAHORE : March 7, 2023: After successful negotiations with the authorities , the All Pakistan Fertilizer Dealers Association (APFDA) has called off strike and resumed the sale of urea and other fertilizers in the Punjab forthwith.
While…
SBP governor calls on Senate Chairman
Islamabad, March 6, 2023:-Governor of State Bank of Pakistan, Mr. Jameel Ahmad, met with the Chairman Senate, Muhammad Sadiq Sanjrani, and discussed matters of mutual interest, specifically the economic situation of the country and the…
APFDA scheduled to meet chief secretary Punjab today as fertilizer dealers strike enters in second…
LAHORE : March ,6,2023: As strike of the fertilizer dealers enters in the second week All Pakistan Fertilizer Dealers Association (APFDA) is meeting with the Chief Secretary Punjab and his team today to present its demands to end the…
SBP makes killer move, pushes interest rate to all time high in Pakistan’s history
KARACHI : March 2, 2023: To give a big opportunity to the banks to make more and more profit at the cost of national economic soverignity and show absolute surrender to the International Monetary Fund (IMF), the State Bank of Pakistan (SBP)…
NEPRA conducts public hearing on K- Electric investment plan 2023-30
ISLAMABAD ; MARCH 1,2023: The National Electric Power Regulatory Authority (NEPRA) conducted a public hearing on Wednesday on KE’s 7-year investment plan in transmission and distribution. The hearing was held in Islamabad with many…
Rupee under pressure again as IMF delays staff level agreement signing
KARACHI : Feb 28,2023: After negative signal from the International Monetary Fund (IMF) for resuming the agreement to issue funds for Pakistan , US dollar wins driving seat against US dollar again and gains Rs 1.90 in value in interbank…
SBP announces new schedule for realization of exports proceeds
KARACHI: Feb 25,2023: The State Bank of Pakistan (SBP) has drawn attention of Authorized Dealers (ADs) to Para 33 of Chapter 12(Exports) of the Foreign Exchange (FE) Manual, which provides the procedure for dealing with cases relating to…
Faysal Bank posts 67% growth in profit
ISLAMABAD: 23,2023: Faysal Bank Limited (FBL) achieved the landmark of Rs. 1 trillion in Balance Sheet footings with a record Profit Before Tax of Rs. 22.4 billion, 67% higher than the last year.
The Board of Directors of FBL, in their…
USD goes further down; Other currencies also lose value today
KARACHI; Feb 15, 2023, US dollar depreciated further in interbank by one and half rupee. US currency value got down to Rs 265.50 (buying) and Rs 266.50 (selling) in interbank.
In open market , US dollar depreciated by Rs
266.50…
