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Ogra ‘okays’ double-digit hike in RLNG rates for Dec
KARACHI: In a recent development, the Oil and Gas Regulatory Authority (OGRA) on Friday officially announced a substantial hike in the prices of re-gasified liquefied natural gas (RLNG) for December. The new prices will apply to both Sui Northern Gas...
SBP announces bank holiday on Dec 25
The State Bank of Pakistan (SBP) has officially announced Monday, December 25, as a bank holiday to honor both Quaid-i-Azam Day and Christmas. This declaration, conveyed by the central bank through its official X account, aligns with the upcoming ce...
FPCCI Elections: Sindh Chambers assure full support to BMPP, UBG
KARACHI: A high-profile delegation comprising Adeel Siddiqui, Businessmen Panel Progressive Co-ordinator, Momin Malik, Group Leader UBG, Yasir Iqbal Malik, Jamshoro Chamber President, Shiraz Kerio, BMPP Leader, Mustafa Solangi, Dadu Chamber Patron, K...
CM Naqvi meets SBP Governor to discuss economic matters
KARACHI: State Bank of Pakistan (SBP) Governor Jameel Ahmad called on Punjab Caretaker Chief Minister Mohsin Naqvi here on Monday. Prevailing economic situation, matters relating to the Bank of Punjab and the Punjab Provincial Cooperative Bank were d...
Bank Alfalah, IFC collaborate for green banking initiative
KARACHI: Bank Alfalah, a leading commercial bank in Pakistan and the International Finance Corporation (IFC) formalised a Green Banking Advisory Agreement. This agreement underscores Bank Alfalah’s dedication to fostering sustainable and accoun...
PTCL to acquire 100pc of Telenor Pakistan
KARACHI: In a major consolidation of the telecom sector, Pakistan Telecommunication Company Limited (PTCL) has entered into a Share Purchase Agreement (SPA) with the shareholders of Telenor Pakistan (Private) Limited (TPL) for the acquisition of 10...
Pakistan’s total liquid foreign reserves reach $12.2bln
KARACHI: The total liquid foreign reserves of Pakistan reached US$12,206.4 million while the reserves held by the central bank stood at $7,040.8 million. The State Bank of Pakistan, in a statement issued here on Thursday, informed that SBP’s re...
‘Pakistan’s fourth annual report on budget transparency released’
Karachi: Giving legal protection to citizens' participation in the budgeting process has become inevitable. There is also a need to increase the role of the members of the assemblies during budgeting and its implementation. These recommendations were...
JS Bank, UKS join forces to champion gender equality and women’s empowerment
Karachi: Reiterating its commitment to social responsibility, JS Bank, one of the fastest-growing banks in Pakistan, has partnered with the UKS Research Centre to raise awareness of Gender Equality and Women Empowerment. The MoU was signed between At...
SBP holds steady: Maintains key policy rate at 22pc
KARACHI: In line with expectations, the Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP) kept the key policy rate unchanged at 22%. “At its meeting today, the Monetary Policy Committee (MPC) decided to maintain the policy r...
