Tuesday, July 27, 2021

Arshad Hussain

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The author is a senior business reporter with bylines in leading newspapers and magazines across Pakistan.

Federal govt receives Rs81bn from two fertilizer firms

KARACHI: The federal government has collected an amount of Rs81 billion from two fertilizers plants on account of Gas Infrastructure Development Cess (GIDC), sources...

Cellular phone operators reject Sindh govt’s demand to block SIMs

KARACHI: The telecom industry is not ready to implement the decision of Sindh government to block SIMs of those consumers who will not get...

SBP likely to keep policy rate unchanged at 7pc for sixth consecutive time

KARACHI: The State Bank of Pakistan (SBP) will keep the discount rate unchanged at 7 per cent in the next Monetary Policy meeting scheduled...

Dollar gains Rs1.54, touches Rs 161.48

KARACHI: Despite higher remittances and other loans and euro bonds payments, the dollar touched Rs 161.48 in the interbank market on Monday. The US...

SHC grants stay order on DFC and CSF eligibility criteria

KARACHI:  The Pakistan Stock Brokers Association (PSBA) filed a petition in the Sindh High Court against the Futures Eligibility Criteria, for Selection of Securities...

Pakistan’s reserves reach all-time high figure of $25.33bn

KARACHI:  The reserves of the State Bank of Pakistan (SBP) Wednesday touched an all-time high at $18.2 billion, which is the highest level since...

Banks’ deposits grow by 22% YoY in FY21; highest growth in 14 years

KARACHI: Deposits in Pakistani banks have grown by 22% YoY to Rs19.8 trillion ($124 billion) as of June 2021, which is the highest growth...

One dead and seven injured as monsoon showers start in the country

KARACHI: Metropolitan city Karachi received the first spell of this year’s monsoon rains early Monday morning, turning the weather pleasant amid the hot summer...

Honda, Toyota, KIA and Suzuki unveil new price lists

KARACHI: Honda Atlas Car and Indus Motor Company (IMC) have separately announced new price list of their brand after reduction in Federal Excise Duty...

New auto policy to slash car prices by Rs145,000, create 0.3m jobs

KARACHI: The new auto policy is designed to maintain a balance between import and exports of the auto sector in Pakistan, said Federal Minister...

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