BOL NEWS BUSINESS DIGEST. Image: Unsplash
Banking deposits surge 17% to Rs20.51 trillion
KARACHI: The banking deposits surged 17 per cent to Rs20.51 trillion by the quarter ended September 30, 2021, compared with Rs17.54 trillion in the same quarter of the last year, according to a report released by the State Bank of Pakistan (SBP) on Tuesday. –SHAHNAWAZ AKHTER
PDWP approves Rs8.79 billion development schemes
LAHORE: The Provincial Development Working Party (PDWP) on Monday approved the execution of 10 development schemes of various sectors with an estimated cost of Rs8.79 billion. –IQTIDAR GILANI
Nepra increases electricity tariff by Rs1.075/unit for KE consumers
KARACHI: The National Electric Power Regulatory Authority (Nepra) has notified an increase of Rs1.075/kWh in the electricity tariff for K-Electric consumers. –JAVED MIRZA
Slowdown of FO-based power generation reduces petroleum sales
KARACHI: The total petroleum and lubricant sales clocked-in at 1.51million tonnes in December 2021, depicting a decline of 6 per cent on a year-on-year basis, a research report by Arif Habib Limited showed. –LATIFUR REHMAN
Rupee falls 24 paisas against dollar
KARACHI: The rupee fell 24 paisas against the dollar on Tuesday, as the market opened after three days due to weekly and bank holidays, dealers said. –SHAHNAWAZ AKHTER
Fixation of prices of goods a big challenge: official
LAHORE: The director general Customs Valuation Dr Farid Iqbal Qureshi has said that the fixation of prices of goods was a big challenge. –IQTIDAR GILANI
Bangladesh’s export earnings reach $25 billion in first half of 2021/22
DHAKA: Bangladesh’s total exports in the first half of the fiscal year 2021/22 reached nearly $25 billion, up 28.41 per cent year-on -year, according to the latest official data. –XINHUA
Biden blames meatpacking giants for soaring US meat costs
WASHINGTON: President Joe Biden offered independent US farmers $1 billion in aid Monday as part of a battle against meatpacking giants he accuses of building monopolies to squeeze out smaller competitors. –AFP
Catch all the Business News, Breaking News Event and Latest News Updates on The BOL News
Download The BOL News App to get the Daily News Update & Follow us on Google News.