The Deposit Protection Corporation has increased the guarantee amount for all the eligible depositors of banks from Rs. 250,000 to Rs. 500,000.The decision was made by the members of its board in their meeting on 6 September.This increased guarantee am…
The Federal Board of Revenue (FBR) has categorically rejected that dollars are being smuggled from Pakistan across the Pakistan-Afghanistan border.A press release issued by FBR on Friday states: “FBR has categorically rebutted the unfounded, malicious …
Federal Minister for Finance and Revenue, Mr. Shaukat Tarin, presided over the meeting of the Executive Committee of the National Economic Council (ECNEC) today.The ECNEC considered and approved a summary presented by the Planning Commission regarding …
Karachi’s power distribution company, K-Electric (KE), has requested the National Electric Power Regulatory Authority (NEPRA) to increase the price of electricity by Rs. 0.97 per unit for the month of August.A notification revealed that KE has sought R…
Federal Minister for Industries and Production Makhdum Khusro Bakhtiar has directed the Small and Medium Enterprises Development Authority (SMEDA) and provincial departments concerned to finalize the new SME policy in the light of Prime Minister Imran …
The Economic Coordination Committee (ECC) of the cabinet has approved different important summaries, including the summary of Kamyab Pakistan Program (KPP), which is deemed to be the most ambitious micro-credit program ever planned in Pakistan.The ECC …
Continuing with its declining dynamism, the Pakistani Rupee (PKR) lost 35 paisas against the US Dollar (USD) on Thursday to close at 169.03.The currency depreciated by 16 paisas against the USD and closed at 168.68 on September 22. It is nearing the al…
The State Bank of Pakistan (SBP) has revised Prudential Regulations (PRs) for Consumer Financing. This targeted step will help moderate the demand growth in the economy, leading to a slower import growth and thus supporting the balance of payments.The …
Copyright © 2024 Media Line Pakistan All Rights Reserved.