Business

AIIB transfers $500 million to Pakistan

Finance Minister Ishaq Dar on Tuesday announced that the Asian Infrastructure Investment Bank (AIIB) has pumped $500 million into the State Bank of...

Rift over executive allowance deepens in govt groups

ISLAMABAD: After the Punjab government approved a 150% planning allowance, the three service groups on Monday joined hands and aired their frustration against the...

Kibor hits all-time high at 16.81%

KARACHI: The commercial banks’ benchmark lending rate, Karachi Interbank Offered Rate (Kibor), hit an all-time high of 16.81% on Monday, jacking up the government’s...

‘Suspension of DCB jeopardising IT sector’

The suspension of direct carrier billing (DCB) is going to jeopardise the prospects of information technology (IT) in Pakistan at a time when...

Oil and gas exploration deals inked

ISLAMABAD: The government on Monday entered into petroleum concession agreements and awarded exploration licences to energy firms that would make a minimum investment of...

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