Friday, 23 August 2013

Morning Bell

Domestic consumers SSGC, SNGPL increase security fee
Although the government is yet to increase gas tariff, the two gas utilities – SNGPL and SSGCL – have increased security fee for all domestic consumers by 200 per cent with immediate effect to generate Rs13 billion during the current year. As a consequence, security deposit for domestic consumers has been increased from Rs1500 to Rs4500 that would be recovered in six monthly installments along with routine bills.

Forex reserves soar to $10.3 billion

Pakistan’s foreign exchange reserves rose by $73 million to $10.399 billion during the week ended August 16, 2013 from $10.326 billion a week ago, the State Bank of Pakistan (SBP) said on Thursday. The forex holdings of the central bank went slightly up by $20 million to $5.248 billion against $5.228 billion during the previous week. Net foreign exchange reserves held by commercial banks soared to $5.151

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