Metro Cash & Carry goes solar
Staff Reporter Karachi Metro Cash & Carry Pakistan has entered into a long term Power Purchase Agreement (PPA) with Shams Power to install and operate solar power plant at their stores all over Pakistan. Shams Power is one of Pakistan?s leading solar energy company, offering solar power on a Build Operate Own and Transfer (BOOT) model and holds a NEPRA issued ...
SBP fresh notes SMS service
This year service was launched on May 19, 2019 against arrangements made at 1718 designated ?e-branches? in 142 cities as compared to 1535 branches in 132 cities last year.
Cheaper 80-82 RON petrol to retrograde motorcycle industry
Abdul Waheed Khan, Director General Pakistan Automotive Manufacturers Association (PAMA) ? the sole representative body of all major OEMs manufacturing vehicles in Pakistan, in a letter to the Chairman of Standing Committee on Petroleum, Senator Mohsin Aziz, has expressed his reservations on the issue. Low RON fuel will be distributed by unscrupulous elements resulting into a host of problems ...
Canada Central Bank Maintains Key Lending Rate At 1.75%
In contrast, the removal this month of US tariffs on Canadian and Mexican steel and aluminum imports as well as the prospect of soon ratifying a new continental trade deal is expected to have "positive implications for Canadian exports and investment," it added. The USMCA treaty -- which replaces the 25-year-old North American Free Trade Agreement (NAFTA) -- could ...
Stocks, Oil Sink As China 'warns On Metal Exports'
In a sign of intensifying concern over economic growth, the yield, or rate of return for investors, on the 10-year US government bonds hit 2.22 percent, the lowest level since September 2017. - Key figures around 1345 GMT - London - FTSE 100: DOWN 1.5 percent at 7,163.30 points Frankfurt - DAX 30: DOWN 1.5 percent at 11,844.09 Paris - CAC 40: DOWN ...
State Bank Of Pakistan's Fresh Currency Notes Service "8877" Receives Overwhelming Public Response
This year service was launched on May 19, 2019 against arrangements made at 1718 designated "e-branches" in 142 cities as compared to 1535 branches in 132 cities last year, said a press release on Wednesday. Apart from this SMS Service, banks may continue to provide fresh currency notes to their customers from their branches and ATMs as sufficient quantity ...
State Bank Of Pakistan To Remain Closed From June 4-7
ISLAMABAD, (UrduPoint / Pakistan Point News - 29th May, 2019 ):The State Bank of Pakistan (SBP) will remain closed from June 4th to 7th, 2019 (Tuesday, Wednesday, Thursday and Friday) on the occasion of Eid-ul-Fitr, said a press release issued by SBP here on Wednesday.
Dollar Sheds 59 Paisa In Interbank, Closed At Rs149.63
The price of Japanese yen shed 01 paisa after which it was traded at Rs 1.36 against Rs1.37, whereas the decrease of Rs1.19 was witnessed in exchange rate of British Pound and was traded at Rs189.15 as compared to last closing at Rs190.34.
State Bank's Fresh Currency Notes Service Receives Overwhelming Public Response
However, the issuance of fresh currency notes against the already issued booking codes will continue until the last day of the service ( May 31), subject to transaction code's validity.
No Political Interference In Bank Affairs: NBP President
Addressing a ceremony the other day at the Multan Chamber of Commerce and Industry (MCCI), Usmani said there was political interference in recruitment in NBP but now the bank was moving in the right direction. The NBP had prepared a roadmap for Small and Medium Enterprises (SMEs) development, a sector that contributed 40 per cent to the GDP but ...
Pakistan Stock Exchange Bounces Back By 1,010 Points 29 May 2019
The three top traded companies were Bank of Punjab with a volume of 17,454,500, and its price per share increased by Rs 0.13 to close at Rs 11.08, followed by Fauji Cement with a volume of 11,837,500 and its price per share also increased by Rs 0. The top advancer was PPVC with the increase of Rs 0.99 (49.25%), ...
Trade War Biggest Risk To Financial Stability: ECB
"A potential trade war is perhaps the main risk, the main threat to the economic environment globally and simultaneously for financial stability," ECB vice-president Luis de Guindos said in a Frankfurt press conference. And non-bank financial players like asset managers are taking bigger risks, with a cash pile that has more than doubled since 2008, to 13.8 trillion euros ...
EU Commission Gives Italy Until Friday To Explain Lack Of Progress In Reducing Debt
Italy's debt load reached 132.2 percent last year, well above the 60 percent limit, and is projected by the European Commission to surpass 133 percent this year, going as high as 135.2 percent in .
Pakistan sets 4pc GDP growth target for 2020 ahead of austerity budget
ISLAMABAD (Reuters) - Prime Minister Imran Khan said on Wednesday Pakistan faced ?unprecedented economic crisis? as his government forecast growth of 4% for next year ahead of an austerity budget aimed at securing a $6 billion loan from the International Monetary Fund.
Ambassador Designate To Malaysia Visits Rawalpindi Chamber Of Commerce And Industry
She passed these remarks during her to the of and (RCCI) here on Wednesday There is a need to intensify efforts private sector to improve two-way trade between and that would bring far better for their economies,Amina said. She informed that her prime goal will be to improve image, ...
Greenback shedding sends positive vibes in stock market
Amid ?Boycott Dollar? trends on Twitter in Pakistan, on Monday, the rate of US dollar went below Rs150 in the interbank market after touching historical highs.
Rare earths: the latest weapon in the US-China trade war
They are used in everything from lightbulbs to guided missiles, but with China controlling 95 percent of the world?s supply of rare earth metals, they are also a potentially powerful weapon in Beijing?s trade war with Washington. But Chinese state media is now suggesting that rare earth exports to the US could be cut in retaliation for American measures, ...
SECP embarks upon digital transformation, launches LEAP
Securities and Exchange Commission of Pakistan (SECP) Chairman Farrukh Sabzwari on Wednesday said that the entity was embarking upon digital transformation, end-to-end process automation and enabling user environment for all its regulatees. Sabzwari said the SECP?s digital transformation would improve service quality, promote transparency and enable efficient interaction for its customers. SECP chairman says initiative will improve service quality, ...
US, UK Form Partnership To Promote Innovation In Financial Services - Treasury
The FIP will also support private sector innovators and new models by engaging groups and participants in both nations, an effort that will include reciprocal trade promotion missions coordinated by the US Department of and 's counterpart, the release added. "
Huawei asks US court to throw out federal ban
Huawei filed suit against the US bill in March, calling it ?unconstitutional? and saying the US Congress had failed to provide evidence to support its restrictions on Huawei products. The firm also faces a broader US executive order preventing the use of its equipment in the United States as well as the more damaging inclusion this month on an ...
