Category: Forex Trading

Haroon Akhtar Khan terms micro, small and medium enterprises central to growth strategy

https://www.dawn.com/news/2018387

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Ahsan Iqbal calls for fast-track transition to electric vehicles

LAHORE: Minister for Planning and Development Ahsan Iqbal said on Saturday that the world is moving away from gasoline in transportation as the EV revolution has begun across the globe. “Around 80 per cent of petrol in Pakistan is spent on transport and “we are trying to move towards electric vehicles quickly,” the minister said […]

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Gulf war dries up unofficial dollar inflows through hundi and hawala network

https://www.dawn.com/news/2018391

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Uncertainty in Gulf likely to keep policy rate unchanged

KARACHI: The State Bank is widely expected to keep its policy interest rate unchanged at its monetary policy meeting on Monday (July 27), as policymakers are unlikely to alter the benchmark rate amid heightened uncertainty following the Gulf war. Economists, researchers and analysts are still assessing the war’s impact on Pakistan, but there is broad […]

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Gas, power sector dues strain energy supply chain

KARACHI: Unsettled receivables across gas and power sectors continue to severely strain the operational liquidity of the country’s main energy supplier, prompting fresh warnings about the stability of the national energy supply chain. Independent industry data shows that Sui Northern Gas Pipelines Limited (SNGPL) carries the largest burden of overdue liabilities, owing Rs536 billion as […]

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Govt keeps petrol, diesel prices unchanged for two days

The government on Saturday kept the prices of petrol and high-speed diesel unchanged for July 26 and 27 due to the non-publication of “Platts prices on weekends”. A day earlier, the prices of petrol and high-speed diesel (HSD) were increased by Rs3.66 and Rs4.80 per litre, respectively. The current price of petrol stands at Rs335.18 […]

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Karachi’s DHA City becomes first private entity to light up its own housing project

ISLAMABAD: In a first, the National Electric Power Regulatory Authority (Nepra) on Friday awarded DHA City, located on M-9 motorway, two parallel licences for electricity distribution and supplier of last resort (SoLR) for a period of 21 years. This is the first of its kind move under which a privately owned entity — DHA Energy […]

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Short-term inflation climbs for 67th week

ISLAMABAD: Short-term inflation, measured by the Sensitive Price Index (SPI), rose by 9.66 per cent year-on-year for the week ending July 23, mainly due to high prices of perishable food products, according to official data released on Friday. The spike in short-term inflation was mainly driven by a steady increase in petroleum prices on a […]

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Private sector rejects govt wheat import plan

KARACHI: Private sector importers have expres­sed concern over reports that the government is rev­iewing a proposal to import wheat through the Trading Corporation of Pakistan (TCP) rather than allowing them to do so. While strongly opposing any such move, Cereal Association of Pakistan (CAP) Chairman Muzzamil Chappal warned that state-led imports could lead to billions […]

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Petrol price up by Rs3.66, HSD by Rs4.80 as govt revises fuel rates

The government on Friday increased the prices of petrol and high-speed diesel (HSD) by Rs3.66 and Rs4.80 per litre, respectively, passing on the impact of fluctuating global oil prices following renewed hostilities in the Persian Gulf. Following the changes, the price of petrol stands at Rs335.18 per litre, while that of HSD stands at Rs383.46 […]

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