Governor State Bank Jameel Ahmed – Photo: File Governor State Bank of Pakistan (SBP) Jameel Ahmed has said that providing easy loans to the youth is a good initiative of the government. Speaking at the Youth Business and Agri Loans event held in Islamabad, Governor State Bank said that despite the financial difficulties, the government…
Photo: File Pakistan State Oil (PSO) has said that there is uninterrupted supply of furnace oil, petrol and liquefied natural gas (LNG) across the country. Spokesman PSO said that PSO has about 2 lakh tonnes of furnace oil in stock, PSO is receiving 9 cargoes of LNG as per plan and schedule. According to the…
File photo Vice Chairman of Mobile Manufacturing Association Mazhar Pracha says that government support is required for mobile export. The summit was organized in Islamabad with the support of Ministry of Industry and Production and Mobile Manufacturing Association. While addressing the summit, Mazhar Pracha has said that due to the government policy, all mobiles are…
—File photo The Oil and Gas Regulatory Authority (OGRA) has refuted speculations about shortage of petrol and diesel, saying that there is ample stock of petrol and diesel across the country. OGRA spokesperson Imran Ghaznavi says that the country has petrol and diesel reserves to meet the demand of 18 and 37 days respectively. He…
The textile industry was badly affected due to the power breakdown across the country. According to All Pakistan Textile Mills Association (APTAMA), the textile sector lost 7 crore dollars in a day due to the power breakdown. The spokesperson said that if the electricity situation is brought under control soon, the textile sector will lose…
The World Bank says that 6 million people across the country are facing food insecurity as a result of heavy rains and worst floods in Pakistan during the last monsoon. In the Food Security Update Report issued by the World Bank, it has been stated that hundreds of people lost their lives as a result…
The price of gold in the country reached an all-time high. According to All Pakistan Gems and Jewelers Association, today the price of gold per tola increased by Rs 950 to Rs 1 lakh 88 thousand 150. Keep in mind that this is the highest price of gold per tola in the country. Similarly, the…
Photo: File Business on Pakistan Stock Exchange (PSX) was mixed today with the 100 index gaining 35 points. The PSX benchmark 100 index closed at 38,443 points after this increase. During the business day, the 100 index remained in a band of 417 points, with a high of 38,553 and a low of 38,135. The…
The State Bank increased the interest rate from 16 percent to 17 percent, which reached the highest level in 27 years. Governor State Bank Jameel Ahmed announced this while holding a press conference in Karachi. He said that the Monetary Policy Committee has decided to increase the interest rate by 100 basis points, after which…
The State Bank of Pakistan increased the interest rate from 16 percent to 17 percent. Governor State Bank announced the new monetary policy while holding a press conference in Karachi, he said that the interest rate has been increased by 1 percent. State Bank Governor Jameel Ahmed said that the foreign exchange reserves have decreased…
