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Feb inflation up 13.04pc YoY Analysts see room for rate cut
Slows down for first time in 4 months
ISLAMABAD: Country's Consumer Price Index (CPI) rose 13.04 per cent in February from a year ago, the Federal Bureau of Statistics (FBS) said on Thursday. ... |
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Country’s FX cache down at $14.72bn KARACHI: State Bank of Pakistan (SBP) data Thursday showed country's foreign exchange reserves reduced to $14.72 billion in the week ending on March 6 from $14.80 billion the previous week.
Reserves held by the SBP fell to $10.91 billion from $10.96 billion a week earlier, while those held by commercial banks eased to $3.81 billion from $3.84 billion the previous week, said Syed Wasimuddin, chief spokesman for the central bank.-Reuters ... |
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Mansha in Forbes list of richest TFD Report
KARACHI: The country's business tycoon, Mian Mohammad Mansha has entered in the Forbes magazine's list of world's richest persons. Mansha stood at 937th position and is the first Pakistani ever to feature in the ratings. As per Forbes, Mian Mohammad Mansha, Chairman MCB Bank, has net worth of $1.6 billion, which helped him enter the list. Forbes released Wednesday a list of the top billionaires in the world, Mian Mansha became the first Pakistani to achieve the glory. ... |
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Wah weapon mill may go bankrupt Pakistan Ordnance Factory needs Rs21bn
ISLAMABAD: Pakistan Ordinance Factory (POF) Wah is bordering on a financial crisis and needs immediate assistance to continue operations without a hitch. According to details the POF administration has told the government it urgently needs Rs245 million to run the works smoothly. ... |
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Pak hockey players retire Qasim Zia sacks, management, selection panel
Staff Reporter
KARACHI: Following defeat in the play-off match against Canada for the 11th or 12th position in the FIH World Cup hockey tournament, Pakistani players announced retirement from the game. Pakistan were beaten by Canada 2-3 to finish last in the FIH World Cup being played in New Delhi. ... |
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IMF to loan despite finmin holdup: Tarin KARACHI: Former finance minister Shaukat Tarin Thursday said that a delay in the appointment of new finance minister should not disrupt the delivery of loan tranche from the International Monetary Fund (IMF).
"All the technical discussions were completed in February and the proposal had to be circulated for the IMF board meeting," Tarin told the news agency. A business newspaper reported this week that the failure to appoint a new finance minister could delay the fifth tranche of IMF loan. ... |
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CFOs, COOs should be inducted on merit SOEs to be improved before privatisation: Waqar
ISLAMABAD: Federal Minister for Privatisation, Senator Waqar Ahmed Khan said Thursday that Council of the Common Interest (CCI) has given approval for privatisation of 58 state-owned enterprises (SOEs). ... |
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Pakistan’s role key in Afghanistan: Miliband WASHINGTON: Pakistan's relationship with Afghanistan is close to the core of Islamabad's national security interests and Pakistan has to be a partner in finding solutions in its western neighbour, British Foreign Secretary David Miliband emphasised Wednesday. ... |
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Bill Gates, the richest no more Mexican telecom titan overtakes Gates
NEW YORK: The goddess of wealth seems to have part ways with the American Bill Gates as the world has found the new richest person. The Mexican telecom titan Carlos Slim Helu now the world's richest person, Forbes magazine's annual list of the richest people revealed late Wednesday. ... |
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Prince Alwaleed leads Arabian charge DUBAI: Saudis outnumbered other wealthy Arab entrepreneurs with Prince Alwaleed bin Talal ranked number 19 globally on the annual Forbes list of billionaires, while three businessmen from the UAE are among the world's 500 richest. ... |
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