Express
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Yields in secondary market increase | The Express Tribune
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[ad_1] KARACHI: The government’s cost of borrowing from commercial banks surged by 88-115 basis points on Wednesday as the financial institutions offered money for three to 10 year tenors at a higher markup rate on the outlook that the central…
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Central bank revises regulations for MFBs | The Express Tribune
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[ad_1] KARACHI: Building on the measures taken in recent years to encourage financing to priority areas, the State Bank of Pakistan (SBP) has revised Prudential Regulations for Microfinance Banks (MFBs) with the goal to promote access to finance for low…
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Minister for expediting Jamshoro power project | The Express Tribune
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[ad_1] ISLAMABAD: There is a need to expedite the Jamshoro Power Generation Project and the Asian Development Bank (ADB) should pay special attention to it, said Federal Minister for Energy Hammad Azhar. Speaking to ADB Vice President (Operations) Shixin Chen…
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KCR sails through ECNEC | The Express Tribune
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[ad_1] ISLAMABAD: The government on Wednesday approved the Karachi Circular Railway (KCR) project that would be completed with an investment of Rs201.5 billion, including an expenditure of Rs105 billion by a private party. The 43-kilometre-long rail service was part of…
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SBP incentivises small accountholders | The Express Tribune
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[ad_1] KARACHI: The State Bank of Pakistan (SBP) has permitted microfinance banks (MFBs) to offer Investor Portfolio of Securities (IPS) accounts to their customers. Moreover, it has allowed microfinance bank accountholders to open IPS accounts with any scheduled bank to…
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Rupee falls to new record low | The Express Tribune
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[ad_1] KARACHI: The rupee weakened to an all-time low against the US dollar at Rs179.44 in the inter-bank market on Wednesday compared with Tuesday’s close of Rs179.22, according to the State Bank of Pakistan (SBP). The rupee fell further as…
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Imam for enhancing facilities for farmers | The Express Tribune
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[ad_1] ISLAMABAD: The measures taken to facilitate farmers, including Kissan Card, need to be enhanced further in order to protect the small growers, said Federal Minister of National Food Security and Research Syed Fakhar Imam. Chairing the 20th meeting of…
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UAE mulls building oil reserves | The Express Tribune
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[ad_1] ISLAMABAD: The United Arab Emirates (UAE) has shown interest in building strategic oil reserves in Pakistan – a project which will help cope with shortages if such a problem arises in future. In the past, Pakistan has faced oil…
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Market watch: Stocks extend gains on positive triggers | The Express Tribune
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[ad_1] KARACHI: The Pakistan Stock Exchange extended the previous day’s gains on Wednesday, as a number of positive triggers instilled optimism among market players. Bullish sentiment prevailed throughout the trading session as the benchmark KSE-100 index stayed in the positive…
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‘Think twice before buying Russian oil’, US tells India | The Express Tribune
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[ad_1] The US on Wednesday urged India not to proceed with plans to purchase discounted Russian crude oil, saying doing so would be seen as an act of supporting Moscow’s “leadership” as its military offensive in Ukraine continues. The remarks…
