The State Bank of Pakistan (SBP) has decided to cut the rate of refinance under the Export Finance Scheme (EFS) by 0.1 percentage points from February 1. This is the second rate cut announced by SBP in a month. Earlier, it had reduced the refinance rate by 0.2 percentage point.
It has been decided that rate of refinance under the Export Finance Scheme app..... Read more
The Railways administration has approved stopover of Pak Business Train (303Up/304Down) at Rahim Yar Khan Railways Station. The train, which runs between Lahore and Karachi, would stop at the station for two minutes.
The Railways spokesman said the decision would be implement immediately and has been made for the facilitation of the passengers...... Read more
Oil was down in Asia on Wednesday as a pipeline closure in the United States led to fears that inventories could rise and investors waited for the release of US payrolls data.
The market is also eyeing a policy meeting on Thursday of the European Central Bank (ECB), which is at the forefront of the fight to tackle the debt crisis in the eurozone, analys..... Read more