Karachi: Discount rate will be slashed given sluggish economic indicators There is a strong probability that State Bank of Pakistan (SBP) shall further decrease interest rates from present level of 12%. According to Standard Capital, Standard Capital has already indicated that interest rates can come to a level of 10% …
Read More »Monthly Archives: November 2011
Wapda likely to get exempted from hydel power cess
Karachi: The government has decided to exempt the Water and Power Development Authority (Wapda) from hydro power cess payable to the Indus River System Authority (IRSA) while it also plans to recall an earlier notification sent to Wapda for imposing a charge of PKR 0.5/unit electricity produced from water. The …
Read More »ECC to impose complete ban on company fitted CNG kits
Karachi: The Economic Co-ordination Committee (ECC) of the cabinet is likely to impose a complete ban on company fitted CNG kits/cylinders in locally manufactured vehicles in order to discourage the increasing demand of CNG for automobile consumption and to ensure availability of gas for the households. According to Alfalah Securities …
Read More »KSE approves listing of SME’s, having paid up capital less than PKR 200 mn
Karachi: The Karachi Stock Exchange (KSE) has approved a Small Medium Enterprises (SME) board in a move to attract new listings of SME’s having paid up capital less than PKR 200 mn. According to Alfalah Securities Limited, in order to facilitate these listings, the KSE board has decided to charge …
Read More »Micro insurance a must for poverty alleviation
Karachi: It is a recognized fact that without servicing the insurance requirements of low-income people, the risks to economic development are not safeguarded. This has also been proved by the recent floods in Pakistan where in the absence of proper insurance coverage, the economic losses suffered by the masses had …
Read More »12 outlaws arrested; wine and weapons seized
Islamabad: Islamabad Police on Tuesday arrested twelve outlaws from various areas of the cities for their alleged involvement in drug peddling, dacoities and recovered 19 wine bottles, weapons from their possession, a police spokesman said. ASI Haider Ali Shah from CIA police arrested five thieves involved in stealing gas kits …
Read More »105 absconders during last three weeks
Islamabad: In a crackdown against those involved in crime of heinous nature, Islamabad Police arrested 105 absconders during the last three weeks and also arrested 26 gamblers along with stake money and other items, a police spokesman said on Tuesday. During the last few months, utmost efforts are being made …
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