Flour millers demand Rs5 increase in 20kg flour bag
LAHORE: The flour mills have demanded the Punjab government to increase the price of 20-kilogram flour bag by Rs5. The flour mills owners have stated that the surge in price will be…
Saudi minister ‘not satisfied’ with female employment rate
Saudi Arabia’s labour minister is dissatisfied with the level of female employment in the conservative kingdom but their not being allowed to drive is not to blame, he said Tuesday. Female Saudi…
Imran demands reversal of power tariff, tax hike
PTI chief says PML-N showing true colors of being ‘Rich Man’s Club’ Govt should net tax evaders, electricity thieves instead of raising taxes, rates Rejecting recent power tariff hike, Pakistan Tehreek-e-Insaf Chairman…
IMF extends zero interest rates on poorer-country loans
The International Monetary Fund(IMF)has approved a two-year extension to the zero interest rates charged on loans to low-income countries. The extension is part of a wider strategy to support concessional lending to…
Cut in discount rate by SBP welcomed
While appreciating the State Bank of Pakistan for announcing the reduction of discount rate to 9.5 per cent, Maqsood Ismail, President, Lasbela Chamber of Commerce and Industry urged to further cut the…
SBP slashes interest rate by 1.5 percent
The State Bank of Pakistan (SBP) has slashed discount rate by 150 bps to 10.5 percent for a period of two months, a very surprising and welcome decision for industrialists and business…
Industry demands mark up into single digit
Trade and industry has demanded of the government to reduce interest rate in the forthcoming Monetary Policy by the State Bank of Pakistan (SBP). The Korangi Association of Trade and Industry (KATI)…
Bring on the chainsaw!
The Islamabad Chamber of Commerce and Industry (ICCI) Friday urged the State Bank of Pakistan (SBP) to reduce markup rate by 150 to 200 basis points in the monetary policy scheduled to…
Rate rigging probe escalates in UK and Germany
A global investigation into manipulation of interbank lending rates widened on Friday with Britain’s fraud squad taking up the case and sources telling Reuters that Germany’s markets regulator had launched a probe…
Women on billboards
Exploitation of women projected through billboards is increasing at an alarming rate. One cannot find any billboards that are barred of women flaunting their slim bodies and beautifully caricatured faces, representing the…
Dollar hits Rs 96
Rupee continues to slip in the market against dollar owing to crippling economy as dollar hits 96 rupees today in open market, according to local TV channels. The domestic demand for dollar…
LCCI for markup rate cut
As the State Bank of Pakistan is going to announce Monetary Policy on Friday the Lahore Chamber of Commerce and Industry Wednesday urged the SBP Governor to make a cut of 150…
‘Govt is working for 88% literacy by 2015’
Punjab Education Minister Mujtaba Shuja-ur-Rehman has said 2.5 million boy and girl students are getting computer education every year under the chief minister’s IT promotion programme. He expressed these views at a…
Govt intends to reduce GST on Petroleum
The Senate was informed Thursday that the government intends to reduce General Sales Tax on petroleum products to provide relief to the masses and consultation is underway with the provinces in this…
LCCI wants turnover tax rate reduction
Lahore Chamber of Commerce and Industry has demanded Federal Board of Revenue to bring down rate of turnover tax on the motorcycle dealers from the existing one per cent to 0.2 per…
Commercial banks disturbed over interest rate regime
Commercial banks are adversely impacting smooth functioning of interest rate corridor by holding billions of rupees excess reserves in cash. According to central bank data, the banks, which are currently pocketing handsome…
Another 50bps rate-cut by SBP on the cards?
Whereas some quarters are critical of the central bank for slashing the discount rate by 1.5 per cent in one go saying the move might lead to further escalation in the already…