Tariq Jamali appointed as president of NBP

ISLAMABAD: The Finance Ministry has appointed Tariq Jamali, SEVP National Bank, as the president of National Bank of Pakistan on Wednesday. According to a notification issued by Finance Ministry, Tariq Jamali, who was given charge...
Utility Stores suspends purchases on govt's orders

Utility Stores suspends purchases on govt’s orders

ISLAMABAD: Advisor to Prime Minister on Industries and Production, Abdul Razak Dawood has ordered Utility Stores Corporation to suspend purchases in stores. A notification has been issued to Utility Stores Corporation by Razak Dawood to...
SBP rejects rumours about issuing new-design banknotes

SBP rejects rumours about issuing new-design banknotes

KARACHI: The State Bank of Pakistan Tuesday categorically rejected news regarding issuance of new currency notes bearing various denominations. “There is no plan whatsoever to issue new-design banknotes in the near future,” the central bank...

Iran welcomes talks with Pakistan on gas pipeline

ISLAMABAD:Iran's deputy minister of petroleum Amir Hoseein Zamani-Nia has said that Iran welcomes continuation of talks with Pakistan on the gas pipeline project. The Iranian minister said Iran considered energy and gas a factor for...

Incoming govt to introduce fundamental reforms: Asad

ISLAMABAD: PTI Central Leader and Finance Minister-in-waiting, Asad Umar has said their incoming government would introduce fundamental reforms for putting the economy on right track. In his first formal interaction with economic reporters in Islamabad,...

OGRA increases LPG price

ISLAMABAD: The Oil Gas Regulatory Authority (OGRA) has increased the price of Liquefied Petroleum Gas (LPG) by Rs7 per kilogram. According to a notification issued by the OGRA, the LPG will now be available for...
Pakistan dismisses US concerns about IMF bailout

Pakistan dismisses US concerns about IMF bailout

ISLAMABAD: Pakistan on Wednesday dismissed U.S. concerns that any new International Monetary Fund bailout for Pakistan would be used to repay Chinese debt as "totally wrong". Pakistan´s economy has hit severe turbulence over the past...
Caretaker govt decides to keep petroleum prices unchanged

Caretaker govt decides to keep petroleum prices unchanged

ISLAMABAD: Caretaker government on Tuesday decided to keep prices of petroleum products unchanged for the month on August. A notification issued by the ministry of finance stated that the caretaker government does not support the...
OGRA recommends hike in petroleum products’ price

OGRA recommends hike in petroleum products’ price

ISLAMABAD: The Oil and Gas Regulatory Authority (OGRA) has sent a summary to Finance Ministry recommending an increase in prices of petroleum products. According to the summary, the OGRA has recommended an increase in the...
Dollar climbs down to rupees 122.5 in inter-bank market

Dollar climbs down to rupees 122.5 in inter-bank market

KARACHI: Dollar has climbed down to rupees 122.5 in the inter-bank market for the first time in the past four years after the foreign currency fell by rupees 5.36. The foreign currency fell by rupees...

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