Saturday, November 27, 2021 19:47

‘Business’ News

Subscribe to RSS feed
Big Question Mark Over Privatisation Plan

Big Question Mark Over Privatisation Plan

Monday, October 20, 2014 10:07

Ever since the Supreme Court declared the privatisation of Pakistan Steel Mills (PSM) null and void in 2006, it has been a challenge for Pakistan to undertake its plan of slowly and gradually divesting itself of state-owned enterprises. [caption id="attachment_39688" align="alignnone" width="599"] ...

SBP Revises Initial Paid-up Capital to Rs6 Billion (Islamic Banking)

SBP Revises Initial Paid-up Capital to Rs6 Billion (Islamic Banking)

Sunday, October 19, 2014 12:02

In order to encourage conventional banks to upscale their Islamic banking operations by establishing Islamic banking subsidiaries, the State Bank of Pakistan (SBP) has revised the initial paid-up capital requirement to Rs6 billion. [caption id="attachment_39664" align="alignright" width="384"] Islamic ...

Tagged with: ,
Oil Prices hit New Multi-Year Lows in Asia

Oil Prices hit New Multi-Year Lows in Asia

Tuesday, October 14, 2014 12:51

Oil prices fell to fresh multi-year lows in Asian trade Tuesday, with analysts blaming concerns about a supply glut and the effects of weaker demand from Europe and China. [caption id="attachment_39527" align="alignright" width="360"] Oil Prices[/caption] US benchmark ...

Tagged with: ,
Govt Slashes Train Fares by 33 Percent for Eid

Govt Slashes Train Fares by 33 Percent for Eid

Wednesday, October 1, 2014 11:49

Federal Railways Minister Khawaja Saad Rafique today announced a 33 percent cut in train fares for three days. According to officials, the new fares will be applicable for three days from Monday to Wednesday next week on the occasion of Eid. The charges of all trains and classes ...

Tagged with: , ,
Whistleblower Phone App Seeks to Outsmart Corruption

Whistleblower Phone App Seeks to Outsmart Corruption

Tuesday, September 30, 2014 13:42

[caption id="attachment_39383" align="alignright" width="360"] Phone App[/caption] Douglas Buule, a teacher at Kiwenda primary, a government school outside Uganda's capital Kampala, has a recurring problem. "The money used to access the chalk comes late, even towards the end ...

Tagged with: ,
Kashmirs Famed Carpets Ruined in $5 bn Flood Losses

Kashmirs Famed Carpets Ruined in $5 bn Flood Losses

Monday, September 22, 2014 11:32

Caked with mud and soaked in putrid water, Qazi Mohammad Yahya's ruined handmade carpets and Pashmina shawls reflect Indian Kashmir's economic devastation from the region's worst floods in a century. [caption id="attachment_39223" align="alignnone" width="600"] Kashmir Carpets[/caption] More than 450 people ...

Tagged with: ,
PSO Unlikely to be Privatised Anytime Soon

PSO Unlikely to be Privatised Anytime Soon

Thursday, September 18, 2014 11:58

[caption id="attachment_39189" align="alignright" width="365"] PSO[/caption] Pakistan State Oil (PSO) does not expect the government to kick off its privatisation process anytime soon as the company has not got any clue so far despite the fact that it is on the ...

Tagged with:
Govt Misses IMF Deadline Loan Tranche in Jeopardy (Power Tariff)

Govt Misses IMF Deadline Loan Tranche in Jeopardy (Power Tariff)

Friday, September 12, 2014 12:54

The government has missed the International Monetary Fund’s deadline to notify up to a 7% increase in electricity prices by Thursday, sustaining the first and serious blow to its three-year $6.6 billion Extended Fund Facility within one year of implementation. [caption id="attachment_39039" align="alignright" width="384"]...

Discrepancies Worth Billions Creep up in SBP Accounts

Discrepancies Worth Billions Creep up in SBP Accounts

Saturday, September 6, 2014 12:14

[caption id="attachment_38885" align="alignright" width="347"] Pakistani Currency[/caption] Discrepancies worth billions of rupees have surfaced in the accounts of the State Bank of Pakistan (SBP), suggesting a deliberate attempt to understate the budget deficit for the previous fiscal year....

Inflation Falls to 7% in August (Surprising Statistics)

Inflation Falls to 7% in August (Surprising Statistics)

Tuesday, September 2, 2014 12:30

The rapid increase in prices of essential commodities has slowed down to what they were in the post-election period, as inflation fell to 7% on a year-on-year (YoY) basis in August, increasing prospects of a reduced discount rate in the upcoming monetary policy announcement. [caption id="attachment_38767" align="alignright" width="384"]...

Tagged with: