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BUSINESS NEWS |
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SBP buys 60.05bn rupees of govt paper
The State Bank of Pakistan (SBP) bought back 60.05 billion rupees ($712.5 million) of treasury bills and government bonds on Saturday in 7-day reverse-repo contracts at 12.04 percent to inject funds into the money market.
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No assurance given to IMF for VAT enforcement
The government has given no assurance to the International Monetary Fund (IMF) for the enforcement of Value Added Tax (VAT) system in the country, chairman Federal Board of Revenue (FBR) Sohail Ahmad announced on Thursday.
Addressing a repr
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July-Feb auto sales show rising trend
Except for decline in sales of light commercial vehicles, vans and jeeps, the sales of two and three wheelers, tractors, buses and trucks have shown positive growth in July-February 2009-10 as compared to same period of last fiscal year.
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Senate body flays import of used lubricants
The Senate standing committee on commerce has directed the commerce ministry to stop import of used lubricants immediately. It criticised the ministry for granting permission without completing due diligence for the import of the banned item.
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PIA seeks finance to start new flights
The Pakistan International Airlines (PIA) is in desperate need of financial injection to make the national flag carrier a viable entity, a brief forwarded to the Senate standing committee on Defence and Defence Production said.
The committee
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