Abraaj founder, managing partner arrested on fraud charges
NEW YORK/LONDON: The chief executive and a managing partner of the collapsed Dubai private equity firm Abraaj Capital Ltd were arrested on the United States...
National Savings to revise, set ambitious saving targets for May
Profit rate of return for specialised savings schemes like “Bahbood Savings Certificates” and “Pensioners’ Benefit Account” has also been revised upward and fixed at 14.28 per cent respectively
Currency dealers hold back on dollar sales
Currency dealers are buying dollars in the range of Rs 275-280 but are not willing to sell
Nestlé inaugurates $22m manufacturing plant in Sheikhupura
Punjab Governor Chaudhry Mohammad Sarwar inaugurated a state-of-the-art manufacturing plant at Nestlé Pakistan's Sheikhupura Factory.
The production capacity of the Nestlé Fruita Vitals (Nestlé's range...
Economic growth not possible without political stability: minister
– Sh Rashid says the govt had no other option but to approach IMF for assistance
– KCCI official says the business community had cautioned...
SBP unveils plans for new currency notes with enhanced security features
The upcoming banknotes will showcase novel serial numbers, designs, and heightened security measures
‘FTA between Pakistan, Turkey imperative for bilateral growth’
ISLAMABAD: Former ambassador Shahid Amin has said that Free Trade Agreement (FTA) between Pakistan and Turkey can potentially increase bilateral trade.
In an interview on Saturday,...
Saudi Arabia posts budget surplus of $27.68bn in 2022
Saudi Arabia recorded a budget surplus of 103.9 billion riyals ($27.68 billion) in 2022, beating its own estimates, as higher oil prices boosted government revenues...
FPCCI achievement awards on 25th
ISLAMABAD: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) would organise its 7th achievement awards ceremony for the year 2019 on July 25....
Marks & Spencer faces £87.6m loss as Covid-19 hits clothing sales
LONDON: Britain's Marks & Spencer swung to a first-half pre-tax loss of £87.6 million ($113.43) in the first half, its first loss, as Covid-19...
Business community demands aggressive crackdown against dollar mafia
'SBP should devise guidelines for local currency dealers so that only genuine buyers can buy dollars from the open market'
ISLAMABAD: The business community has...
Philip Morris fixes brand prices less than FBR’ FED rate
ISLAMABAD: A multinational Tobacco company Philip Morris Pakistan Limited has reportedly fixed the retail price of one of its brands less than Federal Board...
Govt ends subsidized gas tariff for five export-oriented sectors, effective May 1st, 2023
The govt was previously paying the subsidy to the textile, sports, surgical, leather, and jute sectors
Hakim Said’s granddaughter takes charge of Hamdard
Fatema Munir Ahmed will serve as the new managing director and CEO of Hamdard Pakistan
KARACHI: Fatema Munir Ahmed — granddaughter of Hakim Mohammed Said...
Gulf conflict would see oil prices spike, ease, jump again: research
LONDON: Oil would initially jump by $15-20 a barrel if Iran blocked the Strait of Hormuz, but prices would ease immediately once U.S. forces...
