Banks cut deposit rates in July-March
KARACHI, May 3: The 1.77 per cent cut in average lending rates of all the banks combined during July/March 2001/02 has not come about without any reduction in average deposit rates....
CBR asked to collect Rs107bn in two months
ISLAMABAD, May 3: The International Monetary Fund (IMF) has asked the tax authorities to collect about Rs107 billion in the May-June period of the current financial year to achieve the thrice...
Provinces to get reduced payments from Centre
PESHAWAR, May 3: In view of the steep fall in revenue collection by the CBR, the federal government is forced to make reduced payments on account of direct federal transfers to...
HBFC to become ‘multi-product’ company
KARACHI, May 3: The House Building Finance Corporation (HBFC) is going to transform itself into ‘multi-product’ company by entering into leasing business and some other modes of investments, official sources said...