Karachi: Urea price hike on the cards The price of Engro urea is being increased by around Rs 100 per bag to Rs 1,580 per 50 kilogramme (kg) bag. According to sources, the new price would be effective from today and differential would be collected on all the pending orders …

Karachi, May 02, 2011 (PPI): Latest credit off-take data does not indicate any discernable improvement in private sector lending despite the FYTD cumulative 200bps cut in the Discount Rate. According to AKD Securities, white scheduled banks’ credit to the public sector (excluding quasi-sovereign entities) has grown by 93%YoY/33%FYTD on Nov …

Islamabad: Founder President, Islamabad Women’s Chamber of Commerce and Industry (IWCCI) Samina Fazil on Thursday said sport and economic development and closely linked. Pakistan should utilise sport as a tool to reach personal, community, national, regional and international development objectives, she said. Speaking to women entrepreneur at a meeting organised …

Karachi: ADR standing at 8 years low State Bank of Pakistan (SBP) recently released figures for aggregate advances, deposits and investments for the banking sector. Banking sector deposits by end of November 2011 have reached PKR 5,415bn, an increase by 5.7% since December 2010. During the same period Advances have …

Islamabad: A meeting of Members of the Treasury and Opposition Bench was held in Parliament House, this afternoon with Dr. Fehmida Mirza, Speaker National Assembly in the chair. Ch. Nisar Ali Khan, Leader of the Opposition, Faisal Karim Kundi, Deputy Speaker National Assembly, Syed Khursheed Ahmad Shah, Minster for Religious …

Karachi: The State Bank of Pakistan (SBP) has been successful in raising PKR 70 billion, well above the target of PKR 50 billion, through issuing three-year government of Pakistan Ijara Sukuks. According to Alfalah Securities Limited, the government accepted PKR 70 billion in an auction held on Wednesday by Islamic …

Karachi: State Bank of Pakistan (SBP) has amended forward cover facility against foreign private loans and imports to reduce exchange rate uncertainties. According to Alfalah Securities Limited, the new rule states that the tenor of forward cover against these loans will be 12 months, or remaining maturity of the foreign …