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'NBP fails to recover Rs23bn loan from sugar mills'
ISLAMABAD: National Bank of Pakistan (NBP) failed to recover loan amounting to Rs 23.35 billion from sugar mills, citing audit report. As per details, report compiled by Auditor General of Pakistan revealed NBP failed to recover loan amount of Rs 23...
KSE-100 gains 357pts on banks
KARACHI Pakistan Stock Exchange (PSX) benchmark KSE-100 Index closed higher by 357 points. KSE-100 started session with buying spree that largely continued till end. At close, benchmark index settled at 78,349.66, up by 356.88 points or 0.46 percent....
KSE-100 closes lower, sheds 91pts
KARACHI: Pakistan Stock Exchange's benchmark KSE-100 Index closed marginally lower by 91 points as index failed to sustain intra-day gains amid lack of positive triggers. KSE-100 started session positive, hitting an intra-day high of 78,334.61, follo...
FBR agrees to revise tax scheme in response to traders' demands
ISLAMABAD: Federal Board of Revenue (FBR) has expressed its willingness to amend tax scheme according to demands of traders, signalling potential shift in ongoing discussions over tax collection. According to FBR sources, revised note could be issue...
Cabinet greenlights merger of 82 state-owned enterprises
ISLAMABAD: Cabinet has approved recommendations submitted by Rightsizing of the Federal Government Committee for the merger and dissolution of 82 State-Owned Enterprises (SOEs). Cabinet, which met here with Prime Minister Shehbaz Sharif in chair, a...
Traders observe strike across Pakistan
KARACHI: Traders' community is observing countrywide strike against imposition of taxes and hefty electricity and gas bills. President All Pakistan Traders' Association, Ajmal Baloch said no talks are being held with government and they are obser...
$7bn bailout request not on IMF agenda
ISLAMABAD: The International Monetary Fund (IMF) Executive Board has announced that it will not consider Pakistan's request for a $7 billion bailout package during its meeting scheduled for September 4. This decision means that the crucial appr...
Media misreports Nepra hike in power tariff: Minister
ISLAMABAD: Minister for Energy Awais Leghari said that NEPRA has increased 96 paisa per unit in its quarterly adjustment. "Regulator has also slashed Rs 2.87 per unit in fuel adjustment charges for all power consumers," he said while talking to media...
Rupee sees minor gain against dollar
Karachi: Rupee registered slight improvement against dollar, appreciating 0.03 percent in interbank market. At close, domestic unit settled at 278.32, gain of 0.10 paisa against dollar. Globally, dollar edged higher on Tuesday and major currencies tr...
KSE-100 sheds 487pts on IMF stance
Karachi: Pakistan Stock Exchange (PSX) witnessed bearish session for second consecutive day, as its benchmark KSE-100 Index closed lower by 487 points despite positive start. KSE-100 started session positive, hitting an intra-day high of 78,857.62....
