Pakistan News

    Power Bank 20000Mah Price In Pakistan N8

  • Bahrain's Bank Alkhair gets nod to sell stake in Pakistan's Burj Bank

    Bahrain-based Bank Alkhair said on Wednesday it had received approval from the State Bank of Pakistan to sell its stake in Pakistan's Burj Bank to a subsidiary of Bahrain's Al Baraka Banking Group...

    Al Baraka, one of the Gulf's top Islamic banks, had said in September that its Pakistani unit, Al Baraka Pakistan, would merge with Burj Bank to create an institution with assets totalling more than $1...

  • Bank Alfalah declared best bank for 2017

    KARACHI: Bank Alfalah received the Best Bank Award for 2017 for demonstrating “the most significant contribution to national development and the most effective management of its resources, including its employees, clients, franchise community and financials”...

    It received the honour at the second Pakistan Banking Awards, which were jointly organised by the Institute of Bankers, A...

  • India central bank says linking national ID number to bank accounts mandatory

    MUMBAI: India’s central bank on Saturday dismissed media reports that it was not necessary to link national identity card numbers, known as Aadhar numbers, to bank accounts...

    “The Reserve Bank clarifies that, in applicable cases, linkage of Aadhaar number to bank account is mandatory under the Prevention of Money-laundering (Maintenance of Records) Second Amendment Rules, 2017,” it said in a statement...

  • Summit Bank eyes Burj Bank for Islamic banking entry

    KARACHI: Summit Bank has received approval from the State Bank of Pakistan (SBP) to conduct due diligence on Burj Bank, it said in a stock exchange filing, in the latest bid for the unlisted lender, which is seeking to boost capital through a stake sale...

    The acquisition of a majority shareholding in Burj Bank would fit the long term strategy of Summit Bank, which is planning to convert its operations to conform to Islamic principles...

  • Withholding tax slows down bank deposit growth: State Bank

    KARACHI: Withholding tax (WHT) on financial transactions is acting against the goal of achieving financial depth, a State Bank of Pakistan’s (SBP) report said on Friday, highlighting that for the first time since 2009-10 the monetary expansion came more from currency in circulation than the bank deposit growth...

    The campaign could not sustain despite the fact that the business community, particularly retailers and medium-sized...

  • 100m Pakistanis without a bank account, says World Bank

    ISLAMABAD: Pakistan is home to 100 million adults without a bank account, with 13 per cent adults citing religious concerns as a reason for not having account at a financial institution, a World Bank report on the use of financial services revealed...

    The ‘Global Findex Database’ said high costs turned out to be at least as important as religious concerns in each of the economies — cited by 21pc in Pakistan and 19pc in Turkey...

  • Solar power price slump casts shadow on India’s green future

    NEW DELHI: Solar power prices in India have hit rock bottom, but it is not all good news for the electricity-starved country as the phenomenon has hit investor confidence and threatens the country’s effort to push its green credentials...

    But the price slump could hinder India’s efforts to meet its solar energy goals and limit temperature-raising emissions...

  • Letter from Mumbai: Gas-fired power plants revived as LNG price falls

    THE sharp drop in the international price of liquefied natural gas has led to the revival of several gas-fired power plants in India...

    The latest to benefit from this is the jinxed Dabhol Power Project in Maharashtra, promoted originally by the American energy giant Enron, which had to shut down globally following bankruptcy in 2001...

  • Power, gas price cut for industry may not come: minister

    “We are not sure if it will be accepted… the government is not in a position to ‘upset’ the International Monetary Fund (IMF) at the moment because the proposed package will have substantial impact on the budget deficit and inter-corporate power sector debt,” he said on condition of anonymity...

    The ministry has suggested a cut of Rs2 per unit in the cost of electricity supplied to the export-oriented industries besides halving the...

  • Power price raised by Rs1.78/unit for July

    ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) on Wednesday allowed Rs1...

    78 per unit increase in power tariff for all the power distribution companies, except K-Electric, on account of fuel price adjustment for electricity consumed in July...

  • Power, finance divisions blame each other for hike in electricity price for exporters

    ISLAMABAD: Amid threats by exporters and the business community to close down their factories and businesses, the National Assembly’s Standing Committee on Finance and Revenue on Tuesday ordered suspension of increased power rates for export industries and its retrospective recovery from January 1, 2019...

    The meeting of the panel, presided over by Faizullah, noted that Power Division’s notification of Jan 13 this year appeared to be...

  • World Bank to give $425m for power sector

    ISLAMABAD: The government has decided to modernise the national power transmission to provide an immediate relief to the overall national transmission and dispatch system, which is under stress due to inadequate transformation capacity, and to facilitate evacuation of electricity from new generation facilities and from the regional power trading, it was learnt on Saturday...

    The modernisation will begin with the first phase of the...

  • More
Back to top