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Lahore
Tuesday, May 21, 2019

Long-term financing: State Bank raises lending rates by 150 basis points

The central bank that maintained its key policy rate at 14% in its last monetary policy decision amid stubborn inflation and government’s failure to...

Increase in income tax on the cards

KARACHI: The government’s aggressive stance on increasing tax revenues points to a possible rise in taxes on the banking sector, according to BMA Capital. Higher...

Gilani approves Rs 350m for select advertising agencies

LAHORE: Prime Minister Yousaf Raza Gilani had approved payments worth Rs 350 million for select advertising companies in violation of government rules, on Wednesday. According to...

Cell phones: People being tricked into buying cheap replicas

A gang of unscrupulous telephone vendors on Hall Road is fooling people into buying cheap imitations of expensive cell phones by showing them original...

Public transport using non-certified gas cylinders

Compressed natural gas (CNG) and liquefied petroleum gas (LPG) cylinders fitted in public transport vehicles are neither certified nor tested for sustainability, an official...

Saudi Arabia to give another $100m for Neelum Jhelum Hydropower Project

Pakistan and Saudi Arabia on Thursday signed an Additional Loan Agreement of $100 million for Neelum Jhelum Hydropower Project (NJHP) as the project aims...

Prices of summer electronics increased in local markets

ISLAMABAD: Prices of summer required electronics including air coolers, refrigerators, fans and water dispensers increased in the local markets of the capital city. With rise...

Businessmen welcome Pak-US strategic dialogue

President of Islamabad Chamber of Commerce and Industry (ICCI), Zafar Bakhtawari, welcomed the United States’ (US) move to resume stalled strategic dialogue with Pakistan....

Rental power projects: Audit report reveals massive discrepancies

ISLAMABAD: Of the 19 rental power projects (RPPs) that the government has committed to, only one has come online as scheduled, adding only 62...

US Aid to Pakistan – Corruption becoming a hurdle in implementation

In its new report on US aid to Pakistan, the Congressional Research Service (CRS), the public policy wing of Congress, has cited corruption, lack...

Rental Power: SC directs NAB to recover outstanding dues from Karkay

The Supreme Court on Monday noted that Karkay rental power company owed Rs. 11 billion in outstanding payments and directed the National Accountability Bureau...

Local CNG Cylinders: Financial constraints stagnate initiative

ISLAMABAD: A project by the Ministry of Science to introduce locally made Compressed Natural Gas (CNG) cylinders is lying in doldrums due to lack...

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