Karachi, January 31, 2019 – The State Bank of Pakistan (SBP) declared on Thursday that its offices across the country will remain closed on February 5, 2019, in observance of Kashmir Solidarity Day.
(more…)Author: Mrs. Anjum Shahnawaz
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US Dollar investment certificates launched for overseas Pakistanis
ISLAMABAD: Prime Minister Imran Khan launched the ‘Pakistan Banao’ US Dollar Certificates exclusively for overseas Pakistanis in a ceremony held here on Thursday.
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Nominal reduction in petroleum prices announced
The government of Pakistan has decided to implement slight adjustments in the prices of petroleum products for the month of February 2019.
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Sindh Engro Coal becomes first ISO certified pit mining company
KARACHI: Sindh Engro Coal Mining Company (SECMC) has become world’s first and only pit mining company to get ISO-45001:2018 certification, a statement said on Thursday.
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Ufone celebrates 18th anniversary
ISLAMABAD – Ufone, a leading Pakistani telecom company, celebrated its 18th anniversary with enthusiasm at the Ufone Tower in Islamabad and various offices nationwide.
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Pakistan’s foreign exchange reserves increase to $14.8 billion on inflows
KARACHI – Pakistan’s foreign exchange reserves witnessed a robust increase of $1.545 billion for the week ending January 25, 2019, primarily propelled by substantial inflows from Saudi Arabia and the United Arab Emirates (UAE), as reported by the State Bank of Pakistan (SBP) on Thursday.
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SBP raises key policy rate by 25bps to 10.25pc on inflationary concerns
KARACHI: State Bank of Pakistan (SBP) on Thursday decided to further increase key policy rate by 25 basis points to 10.25 percent for next two months effective from February 01, 2019 on concerns over increase in inflation.
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Lucky Cement posts decline in profit after tax by 16pc in first half
KARACHI: Lucky Cement Limited has posted decline in profit after tax by 16 percent to Rs5.5 billion for first half of the year ended December 31, 2018 as compared with the profit of Rs6.54 billion in the same period of the last year.
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Bill focuses very low on revenue collection: former FBR Member
KARACHI: The Finance Supplementary (Second Amendment) Bill, 2019, presented by the PTI government, is perceived to have a nominal impact on revenue collection, with a predominant focus on stimulating industrial growth.
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Car loans shrink by 55.3pc on non-filers restriction: State Bank
KARACHI: Car loans in Pakistan witnessed a significant decline of 55.3 percent during the first quarter of the current fiscal year, primarily attributed to government restrictions on non-filers purchasing cars.
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