KARACHI - State Bank of Pakistan (SBP) has decided to keep the policy rate unchanged at 9.5 per cent. The decision was taken by the Central Board of Directors of SBP at its meeting held here with Governor Yaseen Anwar in chair on Friday.The decision to keep the policy rate unchanged was taken in ...

State Bank of Pakistan (SBP) has decided to keep the policy rate unchanged at 9.5 percent. The decision was taken by the Central Board of Directors of SBP at its meeting held under the chairmanship of Governor, Mr. Yaseen Anwar in Karachi Friday.The decision to keep the policy rate unchanged was ...

RIYADH - Saudi Arabia's Riyad Bank posted a 5.5 percent rise in its first-quarter profits on Sunday, beating analysts' forecasts.The kingdom's third-largest listed bank by market value said in a bourse statement that it made 951 million riyals ($254 million) in the three months ended March 31, ...

LAHORE - The Federation of Chambers of Commerce and Industry regional chairman Sheikh Abdul Waheed Sandal has called for drastic cut in sales tax to 5 per cent, also abolishing refund claims system, as the government has to reimburse ultimately about 90 per cent of its collections from sales ...

LAHORE – Deputy Prime Minister and Senior Minister of Industries Ch Pervaiz Elahi has said that all the stakeholders would be taken on board well before the finalisation of upcoming industrial policy. Moreover, all political parties will be pursued to sign the draft of industrial policy to ...

AHMAD AHMADANIISLAMABAD - The sub committee of the cabinet on Friday slashed the General Sales Tax (GST) on tractors from 16 to 5 per cent in order to enhance its production and to decrease the sky-high prices of tractors in the country.This revolutionary and pragmatic decision in the favour of ...

ISLAMABAD Federal Interior Minister, Rehman Malik on Saturday announced allocation of five percent job quota for heirs of the martyred cops in police department as well as awarding of plots and loans on easy instalments to them. He announced this while inaugurating the National Police Martyrs ...

KARACHI - The growth in local mutual funds industry while posting a dismal trend dropped by 5 per cent during third quarter (January-March) of the current fiscal year. Total assets of the mutual funds stood at Rs214 billion during the same period under review. As per the latest industry data, ...

KARACHI (APP) - State Bank of Pakistan has decided to introduce a minimum profit rate of 5 percent per annum on all categories of savings/ PLS saving deposits , including any other profit bearing deposit with no fixed maturity, to all existing and new depositors. The decision will be effective ...