EconomyUK drafts legislation, compelling offshore entities to reveal real owners of properties
According to the legislation, individuals illegally profiting from properties they own in the UK would be jailed for five years
Jul 30, 2018
Mohammad Farooq
The author is an Assistant News Editor at Profit by Pakistan Today. His works have been published in Dawn, Express Tribune, LiveMint India, Huffingtonpost India and The News on Sunday. He tweets @MohammadFarooq_
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Economy
HeadlinesRupee gains Rs2.82 against dollar in inter-bank market
The dollar last week shed Rs7.60 in the open market due to an abundance of supply of US dollars in the kerb market
Jul 30, 2018
HeadlinesRupee consolidates gains against dollar, sheds 21 paisa in inter-bank market
Rupee had gained Rs1.10 per dollar on Thursday in the kerb market
Jul 27, 2018
EconomyWill PTI cure the economic malaise left by PML-N?
Amongst a multitude of challenges facing PTI are the depleting foreign exchange reserves, burgeoning trade and current account deficits and eroding value of the rupee
Jul 26, 2018
HeadlinesNishat Chunian sells 100 percent stake in NCEL
The sole business of NECL is operating cinema screens in Lahore and Multan.
Jul 26, 2018
EconomyVopak acquires 29 percent stake in ETPL for $38 million
Elengy Terminal Pakistan Limited (ETPL) was incorporated in 2012 and is based in Karachi and it operates as a subsidiary of Engro Corporation Limited.
Jul 20, 2018
EconomyRupee plunges to record low of Rs128 against greenback in inter-bank market
The rupee started intra-day trading Monday at Rs121.55, shooting up to Rs127.5 before peaking to a high of Rs128 in the inter-bank market against the greenback before settling down at Rs128
Jul 16, 2018
EconomySBP raises key interest rate by 100 basis points to 7.5 percent
This is the third rise in the key interest rate since the start of 2018, indicating an increase in inflationary pressure and the current account deficit which is weakening the country’s economy
Jul 14, 2018
HeadlinesFed asks United Bank to strengthen anti-money laundering policies
No civil penalty has been imposed on UBL, read the stock market notification
Jul 13, 2018
HeadlinesSummit Bank reiterates operations running smoothly and efficiently
SBP in a press release said the rumours circulating about Summit Bank in the media, especially social media were baseless and misleading besides advising the public and depositors of the bank to not pay any heed to such rumours
Jul 11, 2018
HeadlinesHi-Tech Alloy Wheels Ltd set to get listed on PSX
Loads Limited become the first auto-parts manufacturer company in Pakistan to begin manufacturing of alloy wheels, which were previously being imported by car assemblers for their high-end vehicles
Jul 10, 2018
EconomyLiving standards in Pakistan will be hampered by climate change: World Bank
In Pakistan, Sindh emerges as the most vulnerable hotspot, followed by Punjab, said the report
Jul 7, 2018