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NEPRA scales down K-Electric power tariff
KARACHI: NEPRA has scaled down power tariff in respect of K Electric by Rs 3.63 per unit. Reduction in tariff has been made under head of Fuel Adjustment Charge (FAC) in respect of July 2022. Decrease in tariff will not applicable to life line...
SBP says banks not refusing donations for flood victims
KARACHI: State Bank of Pakistan (SBP) clarified that no limits have been placed on accepting donations for CM Relief Fund of Khyber Pakhtunkhwa and Punjab. “It has been noticed that a few complaints have been circulating on social media platfor...
FPCCI decries ruthless consecutive increases in power tariff
Karachi: Irfan Iqbal Sheikh President FPCCI decried ruthless and consultation-less consecutive increases in electricity tariff. It will force shut industry across Pakistan and break-even in current cost of doing business environment has become imposs...
BankIslami achieves 24pc growth in net profit for half year 2022
Karachi: BankIslami Pakistan Limited announced financial results for quarter ended June 30, 2022. For half year ended June 2022, Bank achieved 155 percent increase in its operating profit before provisions and reported Rs 4.1 billion as compared to R...
MNAs, MPAs to monitor rescue, rehabilitation operations across Sindh: CM Murad
KARACHI: Sindh Chief Minister Murad Ali Shah Monday said that government has nominated MNAs and MPAs as focal persons in each district for immediate rescue/relief and rehabilitation of rain/flood affected people. Talking to media persons after...
Adamjee Insurance, Sehat Kahani sign deal for digital health services
KARACHI: Adamjee Insurance announced that it signed an agreement with Sehat Kahani a leading telemedicine platform aiming to provide health care (OPD) services as value added service to its existing and potential Health Insurance subscribers. Collabo...
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...
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...
Pakistan to receive $1.17b from IMF within 6-day after Board’s approval: SBP Chief
KARACHI: Pakistan is likely to receive a $ 1.17 billion loan tranche from International Monetary Fund (IMF) within six days after Executive Board’s approval, State Bank of Pakistan Acting Governor Murtaza Syed told Bloomberg TV. Executive Board...
SBP keeps interest rate unchanged at 15pc
KARACHI: In line with market expectations, State Bank of Pakistan (SBP) maintained status quo in interest rate at 15 percent highest since November 2008. Monetary policy committee (MPC) met under chair of Deputy Governor Syed Murtaza and reviewed eco...
