Monday , June 18 2018
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PSX stages recovery amid lack of triggers

[pukhto] KARACHI: The five-day trading week was cut short by a holiday on Thursday. Despite sharp drop in international oil prices, the KSE-100 index managed to break its two-week losing streak and recover 562 points (1.2 per cent) to settle at 48,971 points on Friday. In the absence of triggers …

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NPLs go down across the board

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KARACHI: Non-performing loans (NPLs) declined in the last quarter of 2016 while small and medium enterprises (SMEs) continued to have the highest infection ratio. In absolute terms, NPLs in the corporate segment were the highest at the end of 2016. Sector-wise, textile companies had the highest NPLs, according to a …

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IMF to release tranche of $501m

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WASHINGTON: The executive board of the International Monetary Fund (IMF) completed the eleventh review of Pakistan’s economic performance on Monday, enabling the immediate disbursement of $501 million to the country. A statement issued by the IMF headquarters in Washington said the latest disbursement brought total disbursements to about $6.01 billion, …

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Rs6.36 tariff for Bhikki power project approved

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ISLAMABAD: The government is all set to notify first interim tariff for re-gasified natural gas (RLNG) based power project in Punjab at Rs6.36 (6.06 cents) per unit. This is down almost 58 per cent when compared with upfront tariff cleared by the power regulator a year ago for RLNG-based projects. …

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