Pakistan News

    Universal Stabilizer Dealers In Karachi

  • Our universal banking mistake

    In short, the universal banking model is what is really at stake in the search for the right mix of management and operations at banks in Europe and, indeed, in the US...

    In America, the universal bank is a relatively new creation...

  • Why the universal banking model isn’t working

    WASHINGTON: Scarcely a day goes by without news of disappointing financial results or top-level leadership changes at universal banks — those all-purpose financial institutions that were supposed to benefit from synergies and economies of scale among their many businesses...

    Many universal banks haven’t returned their cost of equity for years...

  • Cut '8 days of military spending' for universal education: Malala

    OSLO: Nobel Peace Prize laureate Malala Yousafzai on Tuesday urged world leaders to cut “eight days of military spending” to give all children access to 12 years of free education...

    About $39 billion (35 billion euros) would be needed each year to fund the schooling, according to an estimate from the laureate's non-profit group – the Malala Fund
  • Jordanian officials sold CIA-supplied weapons to arms dealers: report

    WASHINGTON: Jordanian intelligence officials stole millions of dollars of weapons that the CIA and Saudi Arabia had supplied for Syrian militants, then sold them on the black market, The New York Times and Al Jazeera reported...

    The military equipment had been shipped into Jordan as part of the Central Intelligence Agency's secret program to train and equip 'moderate Syrian rebels' to fight government troops loyal to Syrian President...
  • Currency dealers quash panic rumours

    KARACHI: Though dollar gained a little against the local currency on Tuesday, inching towards Rs102...

    85 amid reports of its shortage in some parts of the country, currency dealers said there was no panic in the market...

  • PFA asks honey dealers to ensure hygiene

    LAHORE: The Punjab Food Authority has warned the honey manufacturers to meet food standards as per the PFA rules and regulations, otherwise strict action will be taken against them...

    The PFA has circulated a notice to all honey manufactures under the PFA Act 2011 to adopt Standard Operating Procedures (SOPs) of food and contact with PFA’s officials till Nov 9
  • Dealers of power generators dread end of loadshedding

    KARACHI: The prime minister’s announcement that loadshedding will end by November has made the importers/dealers of power generators uncertain about their future business prospects...

    Sales plummeting as blackouts recedeHe said the duration of loadshedding in many areas of Karachi has drastically come down in recent months while some neighbourhoods also get uninterrupted power supply for 24 hours...

  • SBP surprises currency dealers with 1pc margin

    KARACHI: The State Bank has allowed exchange companies to charge up to one per cent as spread between buying and selling, surprising even currency dealers who were doing business with half a per cent spread...

    Currency dealers said 1pc spread is too high since they were doing business with half a per cent spread — earning 75 paisa on a currency having a value of Rs150 for example...

  • Dealers charging premium for new motorbike

    KARACHI: Some dealers are charging “premium or on money” on spot sale of newly launched locally assembled Japanese bike as buyers cannot buy it at company’s fixed price...

    The new Yamaha 125cc was introduced in the last week of April, but some authorised dealers at Akbar Road, Karachi’s main motorbike market, after running out of stocks were insisting buyers to book the bike which would be delivered either after 12 days or in the...

  • ‘Stolen’ car dealers arrested

    ISLAMABAD: Special Investigation Unit of CIA has traced a gang involved in sale and purchase of stolen vehicles, Dawn has learnt from police officials, sources said...

    They purchased a Toyota Corolla, stolen from E-11 on May 3, and made its documents with the support of officials in excise and taxation department and brought it into the market for sale, the sources added
  • Delay in new car number plates irks buyers, dealers

    KARACHI: The Sindh government has collected over Rs20 million for number plates over the last 10 months but it has yet to deliver them, much to the inconvenience of buyers of new vehicles...

    According to car dealers, the conservative estimate is based on Rs500 per plate collected by the provincial government on registration of 200 vehicles daily on average in the last 300 days...

  • Currency dealers assured of dollar supply at Rs103

    KARACHI: The State Bank of Pakistan (SBP) has for all practical purposes set the US dollar rate at Rs103...

    20 for the open market and assured currency dealers unlimited supply of the greenback at Rs103 from the National Exchange Company and Habib Exchange Company...

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