NBP to continue playing role for strengthening economy: Usmani
Staff Reporter Faisalabad President National Bank of Pakistan (NBP) Arif Usmani has said that the NBP will keep playing its vital role in strengthening the economy by supporting trade and industry through comprehensive financing as economic growth is key to generate employment opportunities, counter the inflation and bring economic prosperity.
IHA ranks Pakistan 3rd in world for newly installed hydropower capacity
This has been declared by the International Hydropower Association (IHA) in its recently issued report titled ?2019: Hydropower Status Report Sector Trends and Insights?, said a statement issued on Tuesday.
NEPRA processing PIEDMC’s request for distribution license
Salim Ahmed Lahore National Electrical Power Regulatory Authority (NEPRA) is processing an application to grant distribution license to Punjab Industrial Estates Development & Management Company (PIEDMC). This was stated by Rehmatullah Baloch, vice Chairman NEPRA in a meeting with chairman Punjab Industrial Estates Development and Management Company (PIEDMC) at NEPRA head quarter. Director (PIEDMC) Sajid Saleem Minhas, Shahid Hussain Tarer and ...
Record discharge of Soybeans in bulk during Ramazan at KPT
Staff Reporter Karachi MV. Epiphania is discharging 68,670 metric tons of Soybeans at Berth No. 12/13, East Wharf at Karachi Port. It may be noted that on 12 th May, 2019 during 24 hours period vessel discharged 8,020 metric tons of seeds. This is the highest / record discharge ever achieved at Karachi Port during Ramadan. Furthermore, overall the ship is ...
No raids on premises of taxpayers without approval: FBR chief
ISLAMABAD???? -??? Federal Board of Revenue Chairman Shabbar Zaidi has placed restrictions on raids on premises of taxpayers without approval of senior officials of the FBR. ?There will be no raid on any premises of any existing taxpayers without prior approval of Member (IR-Operations) and Chairman,? the FBR said in a notification quoting its chairman. He further said that ...
Pakistan stands at 173rd in int’l ranking of paying taxes
According to the World Bank Report, Pakistani businessmen pay 47 taxes in a year as compared to Hong Kong 3, UAE 4, Ireland 9, Malaysia 8, India 13 and Sri Lanka 36 and these were those countries Pakistan has to compete with. While giving a break-up, Almas Hyder said that one company, operating on four provinces in Pakistan, makes ...
UAE companies agree to invest in Gwadar: envoy
ISLAMABAD??? -??? Pakistan and United Arab Emirates (UAE) have agreed to promote bilateral ties and emphasized the need to further promote economic and trade relations between the two countries. ?There were many companies in UAE which were keen to invest in Gwadar and they recently visited Pakistan for the purpose,? the Ambassador of the United Arab Emirates, Hamad Obaid ...
Pakistan ranked 3rd in world for newly installed hydropower capacity
Out of the top 20 countries which installed new hydro capacity during 2018, Pakistan, with the new installed capacity of 2487MW, has been ranked 3rd, just behind China and Brazil which are ranked 1st and 2nd respectively in the list, declared by the International Hydropower Association (IHA) in its recently issued report titled 2019: Hydropower Status Report ? Sector ...
OGDCL discovers gas, condensate oil in Sindh
ISLAMABAD ?? -? ? ? Oil & Gas Development Company Limited (OGDCL) has discovered gas and condensate oil from its exploratory cum appraisal Well Mangrio # 01 in Nim Block, located in District Tando Muhammad Khan, Sindh. The well has tested 10.44 MMSCFD gas, 120 BPD condensate through choke size 32/64? at Wellhead Flowing Pressure 2085 Psi from Lower ...
PSX sheds 15.29 points
The three top traded companies were K.Electric Ltd with a volume of 7,094,000 and price per share of Rs 3.92, Unity with a volume of 7,091,500 and price per share of Rs 9.80 and Maple leaf with a volume of 5,374,500 and price per share of Rs 21.93 .
Dollar at Rs143.95
ISLAMABAD ?? - ? ? The exchange rate of dollar in interbank remained constant and was traded at Rs 141.39, State Bank of Pakistan (SBP) reported on Tuesday.
CRBC delegation visits BoI to discuss progress on Rashakai SEZ
ISLAMABAD???? -????? A delegation of China Road and Bridge Cooperation (CRBC), led by Director Shi Xiaobo, visited Board of Investment (BoI) to discuss the timelines to make the Rashakai Special Economic Zone (SEZ) operational.
Water inflow in major rivers surges
ISLAMABAD - Water inflow in all major rivers has significantly improved due to slight surge in mercury level and on Tuesday it stood at 170,000 cusecs. According to the data released by the Indus River System Authority (IRSA), water inflow in river Indus at Tarbela was recorded at 48,900 cusecs against outflow of 55,000 cusecs. Similarly, water inflow in the River Jhelum ...
Weekly inflation up by 1.16pc
Weekly inflation up by 1.16pc. For best experience download and install PkShorts app on your smartphone
Opec sees more 2019 demand for its oil as it keeps cutting output
LONDON??? -?? OPEC said on Tuesday that world demand for its oil would be higher than expected this year as supply growth from rivals including U.S. shale producers slows, pointing to a tighter market if the exporter group refrains from raising output. Vienna-based OPEC trimmed its estimate of oil supply growth from outside the group in 2019 and said ...
Mystery Attack On Ships In UAE May Have Been Designed To Prompt Regional Escalation
There has been no direct indication so far of who was responsible for the sabotage, but US President Donald Trump vowed already that Iran would suffer a "bad problem" if it decided to attack any oil tankers in the Middle East. The incident points to the "volatility of the US-Iranian standoff, potentially drifting toward a direct military confrontation," Imad ...
Dollar Remains Constant In Interbank, Closed At Rs 141.39: State Bank Of Pakistan
The price of Japanese yen remained constant at Rs 1.28, whereas the decrease of 87 paisa was witnessed in exchange rate of British Pound which was traded at Rs 183.09 against Rs 183.96.
Foreign Exchange (Forex) Opening Market Rates In Pakistan 14 May 2019
LOW RATE HIGH RATE U.S $ (Inter Bank) 141.40 141.50 U.S $ (Cash Free Market) 143.00 143.50 SAUDIA RIYAL 38.10 38.50 UAE DIRHAM 39.00 39.40 EURO 160.20 162.00 UK POUND 184.50 186.30 JAPANI YEN 1.29282 1.31282 CHF 140.79 141.79 DKK 21.32 21.42 NOK 16.18 16.28 SEK 14. 65 14.75 AUD $ 100.70 102.70 CAD $ 105.60 107.60 SGD $ 103.57 104.57 HK $ 18.04 18.54 KWD 467.54 467.64 OMANI RIYAL 369.57 369.67 BH DINAR 376.36 376.86 INDIAN RUPEE ...
Shipping Activity At Port Qasim 14 May 2019
Six ships E.R Tokyo, Maersk, Pittsburgh, African Turaco, Yasa Ilhan and Hong Dai scheduled to load/offload Containers, Cement, Coal, Bitumen and Soya Bean are expected to take berths at QICT, MW-2, MW- 1, MW-4 and FAP respectively on Tuesday whereas a Container vessel MOLGrandeur is due to arrive at Port Qasim on Wednesday.
PSX ends in red amid directionless trading
KEL (-1.5%), UNITY (-8.8%) and MLCF (-5%) led the volume with almost 20 million shares changing hands. Major gainers of today?s trading session were ABL (+2.5%), HUBC (+2.0%), BAHL (+0.7%), PPL (+3.8%) and POL (+2.7%) while KEL (-1.5%), SNGP (-2.5%), and FFC (-0.7%) were the major laggards. Cement sector continued its declining trend where DGKC (-5%), KOHC (-5%), CHCC ...
