Nov 30

Habib Bank, Meezan Bank directed to pay fraud victims

ISLAMABAD: The President of Pakistan, Dr. Arif Alvi has directed Habib Bank Limited and Meezan Bank to pay victims of bank fraud. The President rejected the representation of the banks and upheld the decision of Banking Mohtasib (Ombudsman). President Dr Arif Alvi has provided relief to 6 different victims of bank fraud by upholding the […]

by Mrs. Anjum Shahnawaz

Nov 30

Energy, National

Govt. keeps petroleum prices unchanged

ISLAMABAD: The government Tuesday decided to keep the prices of petroleum products unchanged for the next fortnight till December 15, 2021. A notification said that the prices of petroleum products will be the same as notified on November 15, 2021. Petrol would be sold at Rs145.82 per liter; High-Speed Diesel at Rs142.62 per liter; kerosene […]

by Mrs. Anjum Shahnawaz

PM adviser stresses need to rationalize salaries

Nov 30

Finance, National

PM adviser stresses need to rationalize salaries

ISLAMABAD: Shaukat Tarin, Adviser to the Prime Minister on Finance and Revenue, on Tuesday stressed the need to rationalize salaries, allowances, and perks. Tarin was addressing a virtual meeting of the Pay and Pension Commission. The Commission is headed by Zafar Ahmed Khan and is composed of senior professionals from public and private sectors as […]

by Mrs. Anjum Shahnawaz

FBR collects over Rs2.31 trillion in five months

Nov 30

Taxation, Top stories

FBR collects over Rs2.31 trillion in five months

ISLAMABAD: The Federal Board of Revenue (FBR) – Pakistan’s apex revenue collecting agency – has collected over Rs2.31 trillion during the first five months (July – November) of the fiscal year 2021/2022. According to provisional statistics released by the FBR on Tuesday, the net revenue collection is at Rs2.314 trillion during the first five months, […]

by Mrs. Anjum Shahnawaz

Cabinet renews aviation licenses of four airlines

Nov 30

Finance, Top stories

Cabinet renews aviation licenses of four airlines

ISLAMABAD: The Federal Cabinet on Tuesday approved the renewal of aviation licenses of four airlines under the National Aviation Policy 2019. Prime Minister Imran Khan chaired the meeting of the federal cabinet in Islamabad. On the recommendation of the Ministry of Aviation, the Cabinet approved the renewal of aviation licenses of M/S SERENE AIR, M/S […]

by Mrs. Anjum Shahnawaz

SBP issues KIBOR rates on November 30, 2021

Nov 30

Money & Banking

SBP issues KIBOR rates on November 30, 2021

KARACHI: State Bank of Pakistan (SBP) on Tuesday issued the Karachi Interbank Offered Rates (KIBOR) as of November 30, 2021. Following are the latest KIBOR rates: Tenor BID OFFER 1 – Week 8.83 9.33 2 – Week 8.87 9.37 1 – Month 9.01 9.51 3 – Month 9.68 9.93 6 – Month 10.03 10.28 9 […]

by Hamza Shahnawaz

Shares fall 258 points amid hefty volumes

Nov 30

Stock & Commodity

Shares fall 258 points amid hefty volumes

KARACHI: Shares at Pakistan Stock Exchange (PSX) witnessed a decline of 258 points on Tuesday amid hefty volumes. The benchmark KSE-100 index of the Pakistan Stock Exchange (PSX) closed at 45,072 points as against the previous day’s closing of 45,330 points. Analysts at Arif Habib Limited said that on the MSCI rebalancing day, the KSE-100 […]

by Hamza Shahnawaz

Headline inflation surges by 11.5% in November 2021

Nov 30

Finance, Top stories

Headline inflation surges by 11.5% in November 2021

ISLAMABAD: The headline inflation based on Consumer Price Index (CPI) has increased by 11.5 per cent on a Year-on-Year (YoY) basis in November 2021, the Pakistan Bureau of Statistics (PBS) said on Tuesday. The CPI for November 2021 increased when compared with 9.2 per cent in the previous month and 8.3 per cent in November […]

by Mrs. Anjum Shahnawaz

SBP approves Saudi Bank for Samba Bank due diligence

Nov 30

Money & Banking

SBP approves Saudi Bank for Samba Bank due diligence

KARACHI: The State Bank of Pakistan (SBP) has granted approval to Saudi National Bank (SNB) to undertake due diligence of Samba Bank Limited, according to information received on Tuesday. Samba Bank Limited shared a communication with the Pakistan Stock Exchange (PSX) that the SBP had granted approval to SNB and its advisor, due diligence team, […]

by Faisal Shahnawaz

SBP customers’ exchange rates on November 30, 2021

Nov 30

Money & Banking

SBP customers’ exchange rates on November 30, 2021

KARACHI, November 30, 2021 – The State Bank of Pakistan (SBP) has released the official exchange rates for November 30, 2021, providing customers and businesses with crucial information on currency values.

by Faisal Shahnawaz