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'Fake news': Information Ministry says no ban on Rs5,000 note
ISLAMABAD: Ministry of Information and Broadcasting rebutted reports of purported ban on use, possession and circulation of Rs 5,000 currency notes, after fake circular with letterhead of Finance Division went viral on social media. Fake notice Septe...
SBP introduces structural reforms in exchange companies' sector
KARACHI: State Bank of Pakistan has decided to introduce structural reforms in exchange companies' sector. As part of these reforms, leading banks actively engaged in foreign exchange business will establish wholly owned exchange companies to cater t...
PM reviews measures to expand IT exports by over $5bn
ISLAMABAD: Caretaker Prime Minister Anwaarul-Haq Kakar reviewed measures taken by Ministry of Information Technology (IT) to expand exports by over $ 5 billion by bringing reforms in sector. Chairing meeting held here to review Ministry's measu...
PSX witnesses bullish trend, gains 316pts
Karachi: 100-index of Pakistan Stock Exchange (PSX) witnessed bullish trend as it gained 316.09 points and closed at 45,807.57points against 45,491.48 of previous trading day, showing an increase 0.69 percent. Total of 74,236,686 shares were traded d...
Sindh Bank approves PBT Rs572m in Jan-Jun FY23
Karachi: Board of Directors of Sindh Bank after reviewing approved half yearly audited accounts for June 30, 2023. Bank registered an impressive growth in key financial indicators. During half year, Bank earned profit before tax (PBT) of Rs 572 milli...
Economic costs of corruption over $2tr globally: Majyd Aziz
KARACHI: Majyd Aziz President Global Compact Network Pakistan (GCNP) said that corruption in business is universal problem and that worldwide economic costs of corruption are in excess of $ 2 trillion. In Pakistan, corruption and bad practices are no...
Govt mulls over providing relief in power bills
Islamabad: Caretaker Prime Minister Anwaar-ul-Haq Kakar directed Ministry of Finance to devise an effective strategy to bring in economic stability in country. Prime Minister said this in meeting with Interim Finance Minister Shamshad Akhtar who call...
Sugar price hits Rs230 per kg, FBR deputes monitoring teams at all sugar mills
CHAMAN: Price of one kilogram of sugar has touched highest Rs 230 mark in Chaman, Balochistan, according to report. Price control committees and district administration are nowhere to be seen amid sale of sugar at such an exorbitant price. There are...
Power tariff likely to be hiked again by Rs10.32/unit
ISLAMABAD: National Electric Power Regulatory Authority (NEPRA) is likely to increase power tariff for K-Electric consumers by Rs 10.32 per unit on account of three different fuel adjustments. Government has moved National Electric Power Regulatory...
Sugar price shoots to Rs220 per kg
Karachi: Sugar price spiked to record high of Rs 220 per kilogram in retail markets of Balochistan after Karachi where commodity is being sold at Rs 230-240 per kilogram. Sugar that was earlier being sold at Rs 200 suddenly recorded Rs 20 per kg rise...
