KARACHI:State Bank of Pakistan (SBP) on Monday mopped up Rs 533 billion from money market for 4 days as repo sale through its open market operation. The rate of return accepted is 14.9 percent per annum, says SBP.

KARACHI:The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) on Monday said the Islamic Chamber of Commerce, Industry and Agriculture ICCIA should work towards enhancement of trade among its members to capitalize on mutual strengths. The 57-country alliance represented an enormous collective gross domestic product (GDP) of $7 trillion while the trade between Islamic […]

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Khurram lauds ECP for conducting by-elections in transparent manner

ISLAMABAD:Federal Minister for Energy Khurram Dastagir Khan on Monday lauded the role of Election Commission of Pakistan (ECP), and the Government of Punjab, for conducting by-elections in a transparent manner. Talking to a private television channel, he said, it was the decision of the people of Pakistan and they had used their right to vote […]

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Municipal Commissioner urges officers, staff to remove stagnant water

HYDERABAD:Municipal Commissioner of Hyderabad Municipal Corporation (HMC) Syed Shafiq Ahmed Shah on Monday directed the corporation’s officers and staff to carry out dewatering in the areas which had become partially submerged by the rainwater. According to HMC’s spokesman, after Sunday night’s torrential downpour Shafiq visited various localities in the city and Latifabad, and directed the […]

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AC seals 3 under construction plazas in anti-dengue drive

RAWALPINDI:Assistant Commissioner (AC) City Monday visited different city markets and sealed 3 under construction plazas for not making appropriate arrangements to prevent dengue larva breeding. As part of the ongoing anti-dengue drive, Assistant Commissioner Dr Zaneera and health authority officials sealed three under construction plazas located at Murree and Double roads as these places were […]

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