OMCs must have 21 days stock of POL products, federal cabinet decides

ISLAMABAD: Authorities to enforce license condition that Oil Marketing Companies (OMCs) must have 21 days stock in order to ensure availability of petroleum products. Prime Minister Imran khan chaired the meeting of... Read more »

Meezan Bank plays leading role in issuance of Rs200bn worth Energy Sukuk

KARACHI: Meezan Bank Limited has played a leading role in successfully concluding the issuance of Pakistan Energy Sukuk (PES) II worth approximately Rs200 billion by Power Holding Limited (PHL), a public sector... Read more »

Stock market gains 54 points in narrow range trading

KARACHI: The stock market gained 54 points on Tuesday while trading in narrow range trading. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 34,803 points as against 34,750 points... Read more »

Rupee extends losses against dollar on external payments

KARACHI: The Pak Rupee extended losses for second day against dollar and fell by 72 paisas on external payments, dealers said on Tuesday. The rupee ended Rs164.34 to the dollar from previous... Read more »

Budget 2020/2021 to focus on mitigating COVID-19 impact

KARACHI: The government may focus supportive measures in the upcoming budget 2020/2021 in order to reduce the impact COVID-19, analysts said on Tuesday. Analysts at Arif Habib Limited highlighted the blueprint of... Read more »

Bank deposits touch new peak of Rs15.48 trillion

KARACHI: The deposits of banking system high record high at Rs15.48 trillion in May 2020 despite sharp cut in policy rate cut and Eid festival. According to statistics released by State Bank... Read more »

FBR suggested to reduce customs duty to 5 percent on steel products

KARACHI: Federal Board of Revenue (FBR) has been suggested to reduce customs duty to five percent on import of steel products in order to reduce cost of doing business for industries. Karachi... Read more »

FBR pays homage to officials die of COVID-19

ISLAMABAD: Federal Board of Revenue (FBR) has paid homage to officials who died of coronavirus in the line of duty. The FBR in a statement on Monday paid homage to all its... Read more »