Published by Al-Araby US Secretary of State Antony Blinken spoke with Pakistan Foreign Minister Bilawal Bhutto Zardari on Wednesday on relations between the two countries as they seek to repair ties that were strained under former Prime Minister Imran Khan. They also…
The Securities and Exchange Commission of Pakistan (SECP) has approved around 41,000 new companies’ names during 2021-22 under the digital reforms.According to a tweet of the SECP on Thursday, to increase corporatization and promote ease of doing busin…
Novatex Limited has expressed its interest in acquiring control of 1.13 billion voting shares of LOTTE Chemical Pakistan, which is 75.01% of the paid-up capital of the company.According to the notification issued to the PSX, Novatex has communicated it…
The Rawalpindi Chamber of Commerce & Industry (RCCI) on Thursday showed strong reservations about increasing 125 basis points in the interest rate by the State Bank of Pakistan taking it from 13.75 percent to 15 percent.The RCCI President Nadee…
The Economic Coordination Committee (ECC) of the federal cabinet today approved the proposed revision in consumer gas sale prices with the direction to further reduce the gas rates for export and non-export industry/ captive power.Federal Minister for …
State Bank of Pakistan (SBP) has further tightened the monetary policy stance to 15 percent, it also revised the rates of specialized financing schemes to double-digit at 10 percent.According to the circular issued by the SBP, the mark-up rate for fina…
The Sensitive Price Indicator (SPI) for the week ended July 6, 2022, recorded an increase of 1.32 percent due to an increase in the prices of food and non-food items, says the Pakistan Bureau of Statistics (PBS).The year-on-year trend depicts an increa…
The National Highway Authority (NHA) Executive Board approved amendments in the prequalification procedure for awarding infrastructure projects by changing the technical expertise and financial capability ratios.The 400th meeting of the Executive Board…
