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SBP releases Pakistan’s Liquid Foreign Reserves Position

The total liquid foreign reserves held by the country stood at US$18,508.7 million on August 21, 2015.The break-up of the foreign reserves position is as under: Foreign reserves held by the State Bank of Pakistan: US$ 13,458.4 million

Net foreign … Read More

SECP tells Power Minister, could not intervene in IPPs matters

ISLAMABAD: Security Exchange Corporation of Pakistan (SECP) has expressed its inability to intervene in the matters of Independent Power Producers (IPPs) in response to a letter of the Water & Power Minister seeking the regulator’s intervention in alleged financial irregularities … Read More

SBP vigilant of foreign exchange market

KARACHI: The State Bank of Pakistan is cognizant of the global developments related to markets and is keenly observing its impact on the domestic economy as well, read a press release issued Tuesday. Yesterday, financial markets across the globe witnessed … Read More

Petroleum prices in Pakistan to go down by as much as Rs 6/ltr

KARACHI: Petroleum prices in Pakistan are likely to go down in wake of declining rates in international market, ARY News reported. As the oil prices reached the lowest level in six years in global markets, a similar cut in petroleum … Read More

ADB expresses willingness to finance power projects in Pakistan

ISLAMABAD: Asian Development Bank (ADB) has expressed willingness to finance projects in Pakistan relating to upgradation and strengthening of power transmission lines and distribution system. This was stated by Country Director ADB Werner Liepach while discussing different financial projects of … Read More

Traders holding shutter down against Withholding Tax

KARACHI: Traders observing countrywide shutter down on Saturday (today) against 0.3 per cent withholding tax on the banking transactions and other taxation measures of the federal government, ARY News reported. Traders observing complete shutter down in some cities, while in … Read More

Govt reduces petrol prices

ISLAMABAD: Federal government announced cuts in prices of petroleum goods on Friday, ARY News reports. According to details, the federal government has decreased per litre price of petrol by Rs. 1.03 while the cost of high-speed diesel has been dropped … Read More

Car sales in Pakistan show major boost this year

KARACHI: The Automobile industry of Pakistan showed astonishing progress in the month of March 2015 with record sale. According to sources, the car sales have not been as high as now since the last five years.

The number of units … Read More

ECC takes notice of non-availability of products at Utility Stores

ISLAMABAD: Federal Minister for Finance, Senator Mohammad Ishaq Dar on Wednesday chaired meeting of the Economic Coordination Committee (ECC) of the Cabinet.

During the meeting, ECC gave approval for the Sale of Lint Cotton procured by TCP during 2014-15.

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ADB considering to enhance funding for Pakistan

ISLAMABAD: Asian Development Bank (ADB) says it is considering enhancing funding for Pakistan. Executive Director of the bank, Sami Saeed made this assurance during his meeting with Finance Minister Ishaq Dar in Islamabad on Tuesday.

Sami Saeed said the ADB … Read More