Wednesday, May 22, 2024

Business, Finance & Economics

RBI’s FY24 Dividend Payout Will Ease Fiscal Deficit By 0.4%, Cut Govt’s Borrowing Needs: Economists

The RBI's dividend amount of Rs 2.11 lakh crore is more than double what was paid in the previous year.The RBI's surplus transfer will help boost the Centre's resource envelope in FY2025, allowing for enhanced expenditures and a...

Committee formed to probe attack on PTI’s Raoof Hasan

The federal government has formed a committee to investigate the attack on Pakistan Tehreek-e-Insaf (PTI) Information Secretary Raoof Hasan after registration of a First Information Report (FIR) with charges of murder and attempted murder.Law Minister Azam Nazeer Tarar...

Dollar exchange rate stable at start of Tuesday’s transactions

The dollar exchange rate was stable at the start of Tuesday’s transactions at Egypt’s major banks.At the National Bank of Egypt (NBE), Banque Misr and the Commercial International Bank (CIB) the dollar rate registered LE 46.59 for buying...

Sebi Amends Rule to Facilitate Ease of Doing Business for Companies Planning IPOs

The Securities and Exchange Board of India (Sebi) has amended ICDR rules.Companies promoted by entrepreneurs often have several rounds of funding prior to listing their equity shares on the stock exchangesTo facilitate ease of doing business for companies...

Another batch of students land in Islamabad from Bishkek

ISLAMABAD: At least 347 more students from Kyrgyzstan have arrived in Islamabad on Tuesday, as the return of Pakistanis stranded in Bishkek continues following the violent episodes last week.A group of 180 students reached in Pakistan on flight...

PM, WB officials discuss governance of state-owned enterprises

Prime Minister Mostafa Madbouly has discussed with the World Bank (WB) delegation taking steady steps to implement what was stated in the state-owned enterprises.This came during Madbouly’s meeting Sunday in the New Administrative Capital with WB officials to...

Oil India Q4 Results: Net Profit Jumps 18% To Rs 2,333 Crore; 1:2 Bonus Share Announced

Oil India has declared its Q4 financial results.Oil India also approves a final dividend of Rs 3.75 per equity share of Rs 10 each (pre-bonus), which translates into final dividend of Rs 2.50 per share (post-bonus) for 2023-24...

Iran President Dies: How Will It Impact Oil Prices, Gold Rates, Stock Markets Across the World?

Iranian President Ebrahim Raisi. (File photo: Reuters)Following the news of Iranian President Ebrahim Raisi's death, the gold hit an all-time high and crude oil prices extended gains amid political uncertainty in the major oil-producing Middle East regionIranian President...

Pakistan to observe one day of mourning on Iranian President Raisi’s demise

Following the confirmation by the Iranian government of President Raisi's demise in a helicopter crash, Prime Minister Shehbaz Sharif Monday announced that a day of mourning will be observed in the country as a mark of respect for...

Egypt’s Customs Authority returns tariff on expatriate gold

The Egyptian Customs Authority has resumed applying the customs category stipulated in the customs tariff on gold jewelry imported by Egyptians expatriates per inspection, value-added tax, and the daily gold price, according to the Assay and Weights Administration.The...
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Latest News

Daily marijuana use outpaces daily drinking in the US, a new study says

Daily and near-daily marijuana use is now more common than similar levels of drinking in the US, according...
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