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NAB suggests FBR to collect data of stock exchange transactions

ISLAMABAD: Pakistan’s National Accountability Bureau (NAB) on Tuesday directed Federal Board of Revenue (FBR) to initiate investigation to find out sources of investment in stock exchanges in the country, ARY News reported. According to details, NAB has decided to tighten … Read More

Dar appreciates increase in remittances sent by overseas Pakistanis

ISLAMABAD: Finance Minister Ishaq Dar has appreciated spur in growth of remittances of overseas Pakistanis at a meeting in Islamabad here today, ARY News reported. Under Pakistan Remittances Initiative (PRI) scheme, overseas Pakistanis have sent remittances worth 13.3 billion dollar … Read More

TAPI gas project to be materialized soon: Dastgir

ISLAMABAD: Commerce Minister Khurram Dastgir has said that CASA-1000 and TAPI projects will be materialized soon. He told media in Islamabad before leaving for Afghanistan that it would bring further economic prosperity and trade integration in region.

The minister said … Read More

Monetary Policy: SBP cuts key rate by 50bps to 8pc

ISLAMABAD: State Bank of Pakistan (SBP) on Saturday cut its key discount rate to 8 percent from 8.5 percent, citing a continuing fall in inflation, ARY News has learnt. Analysts had been hoping for a cut, following a drop in … Read More

Karachi declared cheapest city in the world

KARACHI: The economic hub of Pakistan, Karachi, was declared the cheapest city of the world, in a new survey by the Economist Intelligence Unit (EIU), ARY News reports. The EIU report compares the cost of more than 160 services including … Read More

No change has been made in the map of Pak-China EC: Ahsan Iqbal

ISLAMABAD: Federal Minister for Planning and Development Ahsan Iqbal has said those who hurdled Chinese President visit to Pakistan are now criticizing on Pak-China Economic Corridor (EC), ARY News reported. Addressing a press conference in Islamabad, Ahsan Iqbal said Chinese … Read More

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