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Monetary Policy: SBP slashes interest rate by 100bps

ISLAMABAD: The State Bank of Pakistan (SBP) has announced the monetary policy for next two months today, decreasing the key interest rate by 1 per cent to 8.5, ARY News reported. The decision was taken by the Central Board of … Read More

KSE 100-Index crosses 33,000pts first time

KARACHI: Karachi Stock Exchange (KSE) 100-Index on Thursday remained steady gaining 281.52 points and crossed 33,000 points for the first time, ARY News reported.

The benchmark KSE 100-Index has witnessed positive change of 0.86 per cent and closed the trading … Read More

Government decides to set up gas-based power projects

ISLAMABAD: In a bid to overcome energy crisis government has finalized a plan to set up gas-based power plants in Sindh and Punjab, ARY News reported. The project will add 5600 Mega Watt (MW) of electricity in the system.

The … Read More

KSE 100-Index goes up by 251.26pts

KARACHI: Karachi Stock Exchange (KSE) 100-Index on Friday recorded the increase of 251.26 points, ARY News reported. The benchmark KSE 100-Index has witnessed positive change of 0.77 per cent and closed the trading day at 32731.61 points.

High and Low … Read More

PM announces Rs 6 cut in petrol prices

ISLAMABAD: Prime Minister Nawaz on Wednesday announced another significant reduction in rates of petroleum products, ARY News reported. In his address to the parliament today, the PM said the rates of petrol had been reduced by Rs 6.26 per liter, … Read More

KSE 100-Index gains 177.38pts

KARACHI: Karachi Stock Exchange (KSE) 100-Index on Wednesday recorded the increase of 177.38 points, ARY News reported. The benchmark KSE 100-Index has witnessed positive change of 0.56 per cent and closed the trading day at 32131.28 points.

High and Low … Read More

K-Electric slashes power tariff

KARACHI: K-Electric has reduced power tariff by Rs. 1.64 per unit, ARY News reports on Sunday.

A spokesperson of K-Electric has said that the summary of the revised rates has been sent to National Electric Power Regulatory Authority (NEPRA).

The … Read More

ECC allows NBP to invest Rs.6.5bn in its Bangladesh branch

ISLAMABAD: The Economic Coordination Committee of the Cabinet (ECC) on Friday allowed National Bank of Pakistan (NBP) to invest Rs. 6.5 billion in its Bangladesh’s branch to resolve capital shortfall, ARY News reported.

The approval was given during ECC meeting … Read More

Another big cut in petrol rates likely from Jan 1

ISLAMABAD: The Oil and Gas Regulatory Authority (OGRA) has recommended another big reduction in petroleum prices from January 1, 2015, ARY News reported. According to sources, Ogra recommended deduction of Rs 5 in petrol per litre, Rs 6.50 in high … Read More

ABL’s shares selling start today

KARACHI: The government on Wednesday has started sale of Allied Bank Limited’s (ABL) shares by fixing floor price at Rs. 105 per share, ARY News reported. The Book-building started today at 9:00 A.M and will end on December 11 at … Read More