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_
EconomyTo ensure compliance with the FATF guidelines, the central bank on Friday announced stricter instructions to be followed by exchange companies for the movement of foreign currency and rupee within Pakistan
HeadlinesPreviously, shareholders of defunct KASB Bank had sought a minimum compensation of Rs14.2 billion from the State Bank of Pakistan (SBP), terming the Rs5.9 billion negative valuation of the bank, determined by AF Ferguson, mala fide and dubious
HeadlinesIn end-January this year, it was reported Mega Conglomerate (Pvt) Limited was acquiring 87.5 percent majority stake in Dewan Cement Limited (75% through agreement and 12.5% through public offering)
HeadlinesPakistan and Saudi Arabia have also seen rising transparency over the past two years, with regulatory reforms and increased data collection and publication by government bodies and international market participants contributing to their progress
EconomyPakistan (B3 negative) alongside Argentina (B2 stable), Ghana (B3 stable), Mongolia (B3 stable), Sri Lanka (B1 negative), Turkey (Ba2 RUR-), Zambia (B3 stable) are the most vulnerable to a US dollar appreciation
Economy
HeadlinesIn December last year, Ittehad Chemicals Limited and Punjab Board of Investment and Trade had signed a memorandum of understanding (MoU) to establish a state-of-the-art facility, valued at $40 million
HeadlinesAt-Tahur is issuing 36.7 million shares with 75 percent for book building and remaining 25 percent for retail investors at a floor price of Rs20 per share
HeadlinesThe turmoil-filled months for Arif Naqvi, the founder of Abraaj Group has resulted in ignominy for a person who once heralded forums like the World Economic Forum and built the company into the largest private equity house in the Middle East and North Africa
EconomyIn the last six months has depreciated 14 percent against the greenback and market experts are expecting further devaluation after Eid.
HeadlinesAbraaj filed a petition in the Cayman Islands, requesting the court to appoint PwC as their provisional liquidator
EconomyThe dollar which was previously trading at Rs115.63 in the inter-bank market, rose by Rs5.38, as per foreign exchange dealers on Monday