SBP directs banks to raise awareness about PM’s Relief Fund
ISLAMABAD: State Bank of Pakistan (SBP) has directed all commercial banks and micro-finance banks to raise awareness among potential donors and facilitate them in contributing to PM’s Flood Relief Fund 2022. Banks are also directed to prominent...
Miftah discusses nutritional needs with Jordan Princess Sarah
ISLAMABAD: Finance and Revenue Minister Miftah Ismail urged all development partners to extend broad-based support and assistance to Pakistan for flood-affected people. He highlighted various reform initiatives introduced by present government for so...
India’s NDTV seeks to block billionaire Adani’s takeover on regulatory grounds
MUMBAI: India’s New Delhi Television Ltd (NDTV) sought to block Gautam Adani’s attempt to acquire majority stake in news network, saying regulatory restrictions meant bid from billionaire tycoon’s group could not proceed. NDTV is r...
Bilateral trade, investment need to be strengthened: Alvi tells Korean delegation
ISLAMABAD: President Dr Arif Alvi called for further enhancing quantum of bilateral trade and investment between Pakistan and Republic of Korea. He emphasised exploring new avenues for cooperation among governments and private sectors of two countrie...
Minister announces 200 units electricity cap for FCA exemption
KARACHI: Minister for Power Khurram Dastgir Khan explained that only households that consume electricity up to 200 units will be exempt from fuel charges adjustment (FCA). Addressing a press conference here he revealed that 17 million people are bein...
Govt may increase petrol price by Rs20 per litre
ISLAMABAD: Government is likely to drop petrol bomb on already suffering masses by increasing prices of petroleum products by up to Rs 20 per litre. On August 15, government increased petrol price by Rs 6.72 per litre, while slashed diesel price by R...
KCCI welcomes PM’s notice of inflated electricity bills, underscores need to rationalise tariffs
KARACHI: Chairman Businessmen Group (BMG) Zubair Motiwala and President Karachi Chamber of Commerce and Industry (KCCI) Muhammad Idrees appreciating Prime Minister for taking notice of public and business community’s complaints/protests on infl...
PM announces FAC exemption for 17mln consumers
DOHA: Prime Minister Shehbaz Sharif announced complete exemption to about 17.1 million electricity consumers out of 30 million in country from paying their fuel adjustment charges (FAC) in electricity bills. As immediate relief measures for masses, h...
KATI announces Rs5mln for relief activities in Balochistan
KARACHI: Korangi Association of Trade and Industry (KATI) announced Rs 5 million for relief activities in flood-affected areas of Balochistan. In a statement issued here, Patron-in-Chief KATI SM Muneer and President Salman Aslam said after record rai...
PSX gains 540ps to close at 43,366.77ps
ISLAMABAD: KSE 100-index of Pakistan Stock Exchange (PSX) turned around gaining 540.11points, a positive change of 1.26 percent, closing at 43,366.77 points against 42,826.66 points on last working day. A total of 324,443,387 shares were traded durin...
