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Oil prices rise 2% ahead of OPEC+ meeting

LONDON: Oil prices rose more than 2% on Thursday, lifted by expectations that OPEC and its allies will stick to slow output increases despite...

Petrol price cut by Rs 5.7-6.35, diesel by Rs 11.16-12.88 across country

NEW DELHI: Petrol price on Thursday was cut in the range of Rs 5.7 to Rs 6.35 per litre across the country and...

KSE-100 inches up in range-bound session

Benchmark KSE-100 index records an increase of 186.74 points to settle at 47,219.18 points.Sectors contributing to the performance include technology, fertiliser, refinery, exploration,...

Eight banks selected for SME financing

KARACHI: State Bank of Pakistan (SBP) Governor Dr Reza Baqir has cherished the encouraging response of banks to an innovative financing scheme introduced by...

bank of england: UK interest rates set to rise amid high inflation

LONDON: The Bank of England is widely expected to raise interest rates Thursday in order to combat rising inflation, a move that is...

Islamic banking vital for poverty alleviation

KARACHI: The Islamic banking industry could play a vital role in eradicating poverty and inequality from Pakistan, said former State Bank of Pakistan...

Carmakers find it difficult to maintain prices

LAHORE: It is becoming increasingly difficult to hold car prices at current levels keeping in view the higher exchange rate, soaring freight cost and...

SBI Q2 profit up 67% at record Rs 7,627cr

Mumbai: The country’s largest lender SBI posted its highest quarterly profit of Rs 7,627 crore for the September quarter, up 67% on the...

‘Impact of hike in urea price on food inflation negligible’

KARACHI: Contrary to the common belief, the hike in urea prices had nearly no impact on food inflation as only 2.6% of farmers’ income...

Cotton output spikes due to timely rains

KARACHI: Pakistan’s cotton production soared 81% to 6.25 million bales in the current season (June-November 2021) in wake of timely rains in the crop...

Chaudhuri wasn’t heard before arrest: SBI chief

Mumbai: SBI chairman Dinesh Khara has said that the bank has full confidence in the judiciary and that former SBI chairman Pratip Chaudhuri...

20m families to get Rs1,000 subsidy every month under Ehsaas Rashan Programme

ISLAMABAD: The government will provide a subsidy of Rs1,000 per month to 20 million families on the purchase of essential items under the...

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