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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...
TechX Pakistan, official coverage partner of 21st ITCN Asia Karachi
KARACHI: 21st ITCN Asia Karachi is a three-day technology exhibition and event with goal of using technology to create Pakistan’s future. TechX Pakistan will work with 21st ITCN Asia Karachi as their official coverage partner during event. ...
KWCCIM inks accords with ISB, RWP, LHR, Multan CCIs
KARACHI: Founder President of Karachi Women Chamber of Commerce and Industry Malir (KWCCIM), former VP Federation of Pakistan Chambers of Commerce and Industry Nazli Abid Nisar signed accords with Islamabad Chamber of Commerce and Industry, Rawalpind...
MoIT expands smart policing project-CASPP across country: IT Minister
Karachi: Minister for Information Technology and Telecommunication Syed Amin-ul-Haque said that MoITT is making a major change in decades old Policing system through its “Crime Analytics and Smart Policing in Pakistan (CASPP)” initiative....
Jameel Ahmad appointed as SBP’s new Governor
KARACHI: Federal government appointed Jameel Ahmad as new Governor of State Bank of Pakistan (SBP). He was previously central bank’s Deputy Governor. “In exercise of powers conferred under Section 11A(1) read with Section 14(1) of State...
Legendary business leader late Tariq Sayeed remembered
Karachi: Irfan Iqbal Sheikh President FPCCI paid glowing tributes to legendary, highly-accomplished and immensely popular business leader late Tariq Sayeed on his first death anniversary. He said that Tariq Sayeed nurtured and inspired three generat...
SBP allows exchange firms to export foreign currencies other than dollar
KARACHI: State Bank of Pakistan (SBP) allowed all exchange companies to export foreign currencies other than dollar and bring in greenback in their foreign currency accounts maintained with banks in Pakistan. In a statement issued in this regard, ce...
