OGRA recommends Rs 9.66 per liter decrease on petrol
ISLAMABAD: The nation may hear good news as Oil and Gas Regulatory Authority has dispatched a summary to finance ministry recommending reduction in petroleum products...
No outstanding loans against Ittefaq Foundries: NBP
ISLAMABAD: The National Bank of Pakistan has stated that Ittefaq Foundries had paid back their all banks loans, including that of the NBP, and there...
KSE-Index rises 223 points today
KARACHI: The Karachi Stock Exchange recovers 230.73 points or +0.74 percent to reach 31454.47 points and volume of 145,707,940 shares on Wednesday. The KSE share-100...
Petroleum prices likely to be reduced by 6 to 9/liter
ISLAMABAD: Reduction in petroleum prices by Rs 6 to Rs 9 per liter is expected from first December. The summary will be presented to the government...
Gold price increased in local and international markets
A slight raise of 8 dollar was noticed in the price of gold in international markets after that gold has been reached on 1208 dollars...
KSE 100-Index closes downward today
KARACHI: The Karachi Stock Exchange lost another 93.22 points or -0.30 percent to reach 31223.74 points and volume of 103,084,430 shares on second working day....
$15b reserves target: Govt offers $1b Sukuk bonds at 7.75% interest rate
DUBAI: With the aim to achieve $15 billion foreign reserves target by the end of December 2014, the government has started a road show in...
State Bank quells rumors, banking system of Pakistan is stable
KARACHI: Since the imposition of moratorium on KASB Bank Ltd, rumors are being spread that the financial condition of some banks is weak and they...
NEPRA cuts power tariff by 46 to 48 paisas
ISLAMABAD: National Electric Power Regulatory Authority (NEPRA) has decreases Rs. 0.46 to 0.48 per unit on electricity. According to NEPRA sources, the prices have been...
KSE – Index closes high on last day of trading
Karachi the Karachi Stock Exchange shrugged off the gloom of previous two days and sets its pace for upward march and gained 279.48 points to...
Banking sector performance remains impressive: SBP
KARACHI: Substantial improvement has been observed in banking sector during July-September quarter of 2014 as the profit (before tax) reached historically high level of Rs...
More than 100 points increased in KSE 100 index
KARACHI: The Karachi Stock Exchange (KSE) 100-index managed to cross 32,000 points barrier and gained a substantial 303.61 points. The benchmark KSE 100-index witnessed variation...
CNG stations to remain closed today in Punjab
LAHORE: As the winter season has set in, gas pressure has weakened in Punjab. CNG stations in Punjab will remain closed today on Monday. SNGPL...
LPG price goes down by Rs 05 per kg
ISLAMABAD: The price of Liquefied Petroleum Gas (LGP) has been cut by the marketing companies by Rs5 per kilogram. As a result of the cut,...
SBP reduces monetary policy rate to 9.5 per cent
KARACHI: State Bank of Pakistan has reduced its key policy rate by 50 basis points to 9.5 per cent until mid-January. In a statement issued...
SBP puts six-month moratorium on KASB bank
KARACHI: The State Bank of Pakistan on Friday put a six-month moratorium on Khadim Ali Shah Bukhari Bank (KASB). According to a handout issued here,...
Brent oil tumbles below $80 for first time in four years on Glut
LONDON: Benchmark Brent crude fell below $80 a barrel on Wednesday for the first time since 2010 on technical selling, pressure from a strong dollar...
KSE 100-Index dips 0.59% losing 187.38pts
KARACHI: The Karachi Stock Exchange 100-index lost 187.38 points or 0.59% to settle at 31441.82 points and volume of 160,838,810 shares on Thursday. Earlier, the...
Asian stocks mixed after Wall Street dip
HONG KONG: Asian markets were mixed Thursday after a record-breaking rally on Wall Street finally came to an end, while investors await the release of...
ECC approves wheat support price at Rs 1,300
ISLAMABAD: The Economic Coordination Committee (ECC) of the federal cabinet has approved wheat support price at Rs 1,300 per 40 kilogramme. The committee gave this...