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Category: Business

Dollar stays weak after comments by Fed’s Fischer

NEW YORK ; The dollar remained at the low end of its recent range Monday as foreign exchange traders remained cautious despite somewhat hawkish weekend remarks by...

Sugar still selling for Rs75 a kg despite drop in wholesale prices

KARACHI: Retailers continue fleecing consumers by selling sugar at higher prices of Rs72-75 per kg despite a decrease of Re1 to Rs1.50 per kg in its wholesale prices in...

Investment rules for provident fund notified

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) on Thursday notified the Employees Provident Fund (Investment in Listed Securities) Rules, 2016...

Power users to pay 71 paisas per unit for $2.1bn transmission line

ISLAMABAD: The power regulator on Sunday allowed an upfront tariff of 71 paisas per unit to be charged to consumers for evacuation of up to 4,950 megawatts of...

Top officials of govt gas pipeline firm sacked for questioning transparency

ISLAMABAD: The government has sacked the chairman and an independent member of the board of directors (BoD) of a state-owned entity executing $15 billion gas pipeline...

Stakeholders seek withdrawal of govt’s new valuation table

LAHORE: People from garments, mobile accessories, stationary and various other sectors have sought the federal government’s intervention to sort out heavy increase in...

Govt cuts urea price by over a quarter to combat glut

ISLAMABAD: Faced with overabundance crisis, the government on Thursday decided to pump out its urea fertiliser stocks with a 27 per cent price cut to recoup some of the...

Nandipur plant produces expensive electricity; PAC told

ISLAMABAD: The Mini­stry of Water and Power informed the Public Acco­unts Committee (PAC) on Friday that the Nandipur power project was producing electricity at a...

HBL half-year profit soars to Rs16bn

KARACHI: Habib Bank Limited (HBL) posted a consolidated after-tax profit of Rs16 billion for the first half of 2016, with earnings per share rising to Rs10.86, it...

Top officials of govt gas pipeline firm sacked for questioning transparency

ISLAMABAD: The government has sacked the chairman and an independent member of the board of directors (BoD) of a state-owned entity executing $15 billion gas pipeline...