Economic and Finance News
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National Investment Trust emerges as best performing fund: State Bank governor
KARACHI (November 19 2002) : The efforts of the management of National Investment Trust during the past year, coupled with…
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National Accountability Bureau decides to pay hefty rewards to informers
ISLAMABAD (November 19 2002) : The National Accountability Bureau (NAB) has decided to pay handsome amount of cash rewards to…
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Pakistan rupee hits 26-month high versus dollar
KARACHI (November 19 2002) : The Pakistan rupee on Monday rose to 26-month high at Rs 57.90 for a dollar…
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Discount rate cut may have no effect on banks' lending rates
ISLAMABAD (November 18 2002) : The decision to cut the discount rate by 1.5 percent, taken by the State Bank…
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Bankers wary of discount rate cut implications
KARACHI (November 18 2002) : The cut in State Bank of Pakistan's discount rate alone will not reduce the arbitrage…
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Revenue Board cancels ruling for input tax adjustment
ISLAMABAD (November 18 2002) : While withdrawing certain concessions of using banking instruments for payments against the purchase of taxable…
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Karachi Stock Exchange listed commercial banks' profits almost doubled
KARACHI (November 18 2002) : The profits of commercial banks listed at the Karachi Stock Exchange (KSE) nearly doubled in…
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USAID agreement: Strategic objective grant agreement between US, Pakistan for education sector refor
ARTICLE (November 18 2002) : Purpose: The purpose of this Strategic Objective Grant Agreement (the “Agreement”) is to set out…
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Moody's raises Pakistan's foreign debt rating to 'Positive'
ISLAMABAD (November 19 2002) : Moody's Investors Service, a credit rating agency, has raised outlook to 'Positive' from 'Stable' on…
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State Bank slashes discount rate to 7.5 percent: 5th cut in 15 months
KARACHI (November 17 2002) : The State Bank of Pakistan has slashed the discount rate by 1.5 percent, from 9…
