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Habib Bank Limited official runs away with Rs 70.5 million

M Jahangir Hayat LAHORE: Habib Bank Limited (HBL) Patoki MTO has stolen over Rs 70.5 million cash which was to be uploaded in a nearby Automated Teller Machines (ATMs) and run away, officials sources told Daily The Business on Friday. Sources said that the HBL MTO Fiaz Ahmad slipped away with the cash of over Rs 70.5 million which was to be…
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SBP cut policy rate by further 150 basis points

M jahangir Hayat LAHORE: The State Bank of Pakistan Monetory Policy Committee (MPC) has decided to cut the policy rate by a further 150 basis points to 11 percent which brings the cumulative easing over the past one week to 225 basis points. At its last meeting on 17thMarch 2020, the Monetary Policy Committee (MPC) noted considerable…
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PIEDMC initiates campaign to place hand sanitizers at factories

Our Special Correspondent LAHORE : In light of the pandemic faced by the whole nation Punjab Industrial Estates Development & Management Company (PIEDMC) has initiated a campaign in which hand sanitizers will be placed in all the factories and compulsory handwashing will implemented before entering the premises to safeguard the workers,…
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Prince Pearl launched with an 800cc

Our Special Correspondent Lahore: With an aim to reshape Pakistan’s automobile industry, Regal Automobiles Industries Limited (RAIL), launched Pakistan’s most affordable hatchback, the Prince Pearl, on 31st January 2020. The car was launched in an exclusive event at a local hotel. Governor Punjab, high profile dignitaries and elite of the city…
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Who will be a new SMBR?

By Our  Staff Reporter LAHORE: Grade 21 Officer Captain (R) Javed Akbar is said to be the Senior Member Board of Revenue. Javed Akbar is currently posted in Islamabad. Akbar has been super-ceded for some reason and will be retiring this year. After former SMBR Babar Hayat Tarar left for Islamabad the seat was vacant. Another grade…
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Summit Bank seeks removal from PSX’s Defaulter’s Segment

M Jahangir Hayat LAHORE: Summit Bank Limited (SMBL) has sought its removal of placement from the defaulter's segment in Pakistan Stocks Exchange (PSX). The Bank in a letter to the stocks exchange submitted to the exchange that it is with reference to PSX notice no. PSX/N-66 dated January 16, 2020 and earlier correspondences held on the matter…
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CM forms body to appoint Bank of Punjab permanent president

Muhammad Basharat Raja to hold first meeting on 11th M Jahangir Hayat LAHORE: The chief Minister of Punjab Sardar Usman Buzdar has constituted a committee to appoint permanent President of Bank of Punjab (BoP) consisting convener and three members from the Punjab Cabinet. As per official sources Minister for Muhammad…
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Pakistan comes out of worst ever economic crisis: PM

There would be good time ahead as the government is looking forward to increasing growth, opening employment, constructing low-cost housing for the common people M Jahangir Hayat LAHORE: Prime Minister of Pakistan Imran Khan has said that Pakistan has come out of the worst ever economic crisis and there would be good time ahead as the…
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