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Petrol prices likely to fall

ISLAMABAD: Prices of petroleum goods are likely to be slashed by the start of October, citing sources ARY News reports. Sources said that the price of petrol is likely to decrease by 70 paisas per litre whereas the rate of … Read More

SBP announces monetary policy, keeps interest rate unchanged

ISLAMABAD: The State Bank of Pakistan (SBP) has announced the monetary policy for next two months today, maintaining the key interest rate at same level of 10 per cent, ARY News reported. The decision was taken by the Central Board … Read More

‘Expo Pakistan’ postponed due to political uncertainty

ISLAMABAD: The biggest exhibition ‘Expo Pakistan’ scheduled to be held in Islamabad next month has been postponed owing to ongoing sit-in protests over a month in the capital, ARY News reported.

Sources told the foreign investors and companies were lacking … Read More

Total Foreign Exchange reserves amounted to 13.52bn

KARACHI: The total liquid foreign reserves of the country have increased to $ 13.52502 billion, ARY News has learnt. According to State Bank of Pakistan (SBP) weekly statement the foreign reserves held by central bank on September 12, amounted to … Read More

Minister fears slide in annual economic target after floods

ISLAMABAD: Finance Minister Ishaq Dar has said economic targets of the current fiscal year might be affected due to floods in the country, ARY News reported. In a meeting with the deputy head of mission Saudi Arabia Embassy in Islamabad, … Read More

Total resumes $2.5 bln Nigerian deepwater oil field sale

LONDON/LAGOS: France’s Total SA, Europe’s second largest oil company, has put one of its offshore Nigerian oil fields up for sale again, the company said, after a 2012 deal with Sinopec Corp failed.

Total has hired BNP Paribas to find … Read More

Transporters seek relaxation in load limit

KARACHI: The State Minister for Communication, Abdul Hakim Baloch said on Tuesday that certain national highways are not capable enough to bear excessive load and billions of rupees are annually spent on repair and maintenance of motorways and highways, ARY … Read More

UK’s Ashmore Funds to invest in Pakistan beverage can plant

ISLAMABAD: Ashmore Funds of United Kingdom will invest in manufacturing plant of Pakistan’s aluminium beverage can, ARY News reported. This will be the first of its kind manufacturing facility in Pakistan with an expected annual capacity of over 700 million … Read More

SBP gives another reminder for the exchange of decimal coins

ISLAMABAD: The State Bank of Pakistan (SBP) and microfinance banks issued another reminder for the exchange of decimal coins of paisa 1,2,5,10,25 and 50 from the field offices of SBP BSC and commercial and microfinance banks’ branches by last working … Read More

ADB President to arrive Pakistan on three-day visit

ISLAMABAD: President of Asian Development Bank (ADB) Takehiko Nakao will come to Pakistan on Monday on a 3-day visit and will hold meetings with Finance Minister Ishaq Dar, President Mamnoon Hussain and Prime Minister Nawaz Sharif, ARY News reported. According … Read More