Government to reduce regulatory permissions: Minister Dagha
KARACHI: Younus Dagha caretaker Sindh Minister of Finance, Revenue and Planning said there are 245 regulatory permissions prevalent in Sindh. These have created immense problems for citizens for long time. Government has prepared strategy to r...
Speakers for expanding trade ties between Pakistan, Egypt
ISLAMABAD: Speakers at conference held in Cairo, Egypt have stressed for expanding trade ties and boosting cooperating in various sectors between Pakistan and Egypt. Embassy of Pakistan in collaboration with Rawalpindi Chamber of Commerce and Indust...
IMF 'approves' Rs15bn relief in electricity bills
ISLAMABAD: In significant development, International Monetary Fund (IMF) has given green light to relief plan of Rs 15 billion which aimed to give financial relief to electricity consumers in Pakistan. International Monetary Fund has approved provisi...
Govt announces closure of markets at sunset
Islamabad: Caretaker government has ordered measures to conserve energy, including closing all malls and markets at sunset to mitigate effects of energy crisis. Sources privy to development told that implementation of current energy conservation plan...
'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...
