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ZTBL expedites new era of banking services

Islamabad: (Parliament Times) Zarai Taraqiati Bank Ltd. (ZTBL) which is the largest bank of Pakistan in agriculture sector has also introduced various Deposit products i.e. Current Account, Regular Saving Account, Business Deposit Account, Rozana Bachat Account, Basic Banking Account, Senior Citizens Account, Kissan Asan Karobar Account, Term Deposit, Mustaqbil Mehfooz …

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Oil industry seeks time for compliance

ISLAMABAD: The oil industry has sought 1-2 years for upgradation of oil tankers fleet to ensure all vehicles meet required regulatory standards and shifting oil movement to pipelines instead of roads in 3-4 years to eliminate risk factors. On Thursday, the Oil Companies’ Advisory Council (OCAC) – an umbrella organisation …

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Rupee gains ground against dollar

KARACHI: The currency market remained volatile on Thursday as the dollar fell sharply against the rupee and kept moving within the new range given by Finance Minister Ishaq Dar. The dollar was traded up to Rs108.20 in the morning, but closed at Rs105.50-106, said bankers and currency dealers. Although Mr …

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JCR-VIS assigns positive outlook to Pak-Qatar Family Takaful Limited

Islamabad: (Parliament Times) JCR-VIS Credit Rating Company Ltd. (JCR-VIS) has maintained the Insurer Financial Strength (IFS) rating of Pak-Qatar Family Takaful Limited (PQFTL) at ‘A’ (Single A). Outlook on the assigned rating has been revised from ‘Stable’ to ‘Positive’. The rating assigned to Pak-Qatar Family Takaful Limited (PQFTL) incorporates its …

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‘Rupee fall to address external account imbalance, fortify growth prospects’

KARACHI: The State Bank of Pakistan on Wednesday viewed that the depreciation in the exchange rate, rupee vs dollar, will address the emerging imbalance in the external account and strengthen the growth prospects of the country. The PKR-US$ exchange rate in the interbank market has depreciated by 3.1 percent from …

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PSX closes flat amid rupee devaluation and Panama uproar

Karachi: Pakistan shares closed flat after going through a volatile session driven up in first half by PKR slide and losing ground in latter half to heightened political noise. The benchmark KSE 100 index closed up 19.36 points to 45413.42 points. The benchmark KSE100 Index soared by more than 1000 …

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Better grades of cotton remain in demand

KARACHI: Better grades of lint remained in demand amid under adjustment Karachi Cotton Association (KCA)’s spot rate during trading session, fibre traders said. They said buyers and sellers in Sindh and Punjab stations entangled in price war and deals for better lint changed hands on slightly higher price at around …

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China to launch 5G pilot project this year

China’s three major telecom operators will pilot 5G technology in several cities in the second half of 2017, state-run Xinhua news agency reported on Wednesday. Citing sources from the telecom giants, China Mobile, China Unicom, and China Telecom, the state-run media reported, “The pilot projects will be carried out in …

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Finance minister terms rupee’s sudden plunge ‘artificial’

Taking serious notice of the spike in interbank rates for the US dollar against the Pakistani rupee, Finance Minister Senator Ishaq Dar said that the rise of the US dollar against the rupee was “artificial”. The rupee’s sudden devaluation on Wednesday was the currency’s ‘biggest drop’ in nine years. During …

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