New data centre set up to tackle money laundering and terrorism financing

KARACHI: Tracking down money laundering and terrorism financing will now be easier due to a new high-tech data centre that was inaugurated by the...

SBP signs memorandum of understanding with Nepal Rastra Bank

The memorandum of agreement signed on Thursday will enhance bilateral relationship and sharing of information to accomplish convergence towards common modalities and standards in...

Business sector essential in achieving sustainable development: UN forum

DHAKA: Achieving the ‘2030 Agenda for Sustainable Development’, counts on the Asia-Pacific region developing new forms of partnerships with businesses that go beyond the...

ABL follows suit after MCB, performs below expectations

Allied Bank Limited (ABL) has announced its annual results for CY16 and has reported a Net Profit after Tax (NPAT) of Rs 14.7 billion,...

High provision charges cause MCB’s results to fall below expectations

Muslim Commercial Bank (MCB) has posted consolidated Net Profit after Tax (NPAT) of Rs 22.1 billion for the CY16. This is 11.4 percent decline...

Bloomberg columnist (not Bloomberg) ranks Pakistan as world’s most underrated economy

Cowen Tyler, a columnist at Bloomberg has ranked Pakistan as the most “underrated” economy of the year. He says recent developments in Pakistan’s economy...

OGRA grants license to 21 OMCs in six months

ISLAMABAD: Although the Oil and Gas Regulatory Authority (OGRA) has failed to make the licensed oil marketing companies (OMCs) comply with the clause stipulating...

PSO earns Rs 10.015bn profit despite circular debt of Rs 268bn

Report says the profit of PSO is in line with the expectations Power sector, PIA among the biggest defaulters of PSO Pakistan State Oil...

Jamali urges TDAP to increase export for loans payment

LAHORE: Pakistan Tehreek Insaf (PTI) Women Wing President and FPCCI Executive Committee Member Fehmida Jamali said that the government would have to increase its...

Govt taking steps to facilitate business community: Sindh governor

KARACHI: Sindh Governor Muhammad Zubair has said that the government is aware of the problems of the business community and has been trying to...

Tax on transactions backfires as Pakistan’s cash in circulation surges by a record 31pc

The government's efforts to broaden the tax net by levying the withholding tax seems to have backfired as money in circulation surged by a...

Punjab govt frustrated over impossibility of 8% economic growth rate target

 According to high level officials of Punjab’s economic team there is an absolute disorder and lack of clarity among Punjab’s economic policy makers with...

Pakistan’s economic profile luring foreign investments: Ahsan Iqbal

 Pakistan’s remarkable economic turnaround and its historic success against the menace of terrorism in the past three years is luring international businessmen which now...

Tariq Bajwa appointed as Finance Secretary

The government has appointed Tariq Bajwa, a BS-22 officer of Secretariat group as Secretary Finance Division on Friday. The notification issued by the Establishment Division...

Chinese firms eye Pakistan amid Beijing’s ‘Silk Road’ splurge

 Chinese companies are in talks to snap up more businesses and land in Pakistan after sealing two major deals in recent months, a sign...

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PM likely to sack entire economic squad

Finance Minister Asad Umar, FBR chairman, SBP governor expected to be sent packing Energy minister Omar Ayyub likely to head finance ministry Finance...

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