Revised finance bill to be presented in Parliament next week: Asad Umar
He dismissed the speculation that the newly installed government had shut off the IMF window permanently and said the government was considering every option to manage the external sector vulnerabilities
Weekly SPI inflation increases by 0.18pc
According to data released by the Pakistan Bureau of Statistics, the Weekly Sensitive Price Indicator (SPI) for the combined group increased by...
National Foods reports 23pc rise in gross profits
As per the financial earnings’ results for the year ended on June 30 2018, National Foods Limited gained 5.5 per cent in annual...
GSK files petition with SHC to merge business divisions
According to a notification on the Pakistan Stock Exchange (PSX), GlaxoSmithKline Consumer Healthcare Pakistan Limited (GSKCH) has filed a merger petition with...
AkzoNobel Chemicals (SMC-Private) starts independent operations in Pakistan
LAHORE: AkzoNobel has announced that AkzoNobel Chemicals (SMC-Private) Limited (ANCPL) is now working as a separate legal entity in Pakistan.
Operations in Pakistan as an...
Sale of high-speed diesel slides down by 150,000 tonnes per month
ISLAMABAD: Sale of high-speed diesel (HSD) has witnessed a massive decline by approximately 150,000 tonnes per month in June, July and August...
NICL officials to visit Dubai to chalk out properties’ fate
ISLAMABAD: After getting the green signal from the management at Liberty House, DIFC, Dubai, the head of National Insurance Company Limited (NICL)...
Market Daily: Waning investor confidence leads to PSX losing 411.62 points
LAHORE: The final day of the week saw investors opting out of the market. Indices added on to the losses as the...
SECP issues guidelines on AML/CFT Regulations, 2018
ISLAMABAD: In order to maintain the integrity of its regulated financial sector in respect to preventing and combating money laundering and terrorism...
JS Bank focusing on corporate, mortgage financing, says CEOÂ
KARACHI: The newly appointed Chief Executive Officer (CEO) of JS Bank, Basir Shamsie Friday said the bank is focusing on corporate and mortgage financing...
Govt releases Rs 33.7b for development projects under PSDP 2018-19
Out of these allocations, the government has released Rs 4.73 billion for Pakistan Atomic Energy Commission for which Rs 30.4 billion has been allocated for the year 2018-19, whereas for Maritime Affairs Division, an amount of Rs 414 million has been released out of total allocation of Rs 10.1 billion
Eminent economist Dr Atif Mian removed from EAC after backlash
Aged 43, and a scholar in the field of finance and macroeconomics, Mian is regarded as one of the world’s top young economists
HDIP to upgrade hydrocarbon testing labs at a cost of Rs270m
Rs100 million would be utilized for expansion and up-gradation of Pakistan Petroleum Core house (PETCORE) for its sustainable operations to facilitate oil and gas exploration research in Pakistan
SBP to sell Rs5.15 trillion of MTBs & PIBs in Sep-Nov 2018
As per data released by SBP, commercial bank holdings in government securities posted a slight increase, touching Rs7.372 trillion at end of June 2018 against Rs7.363 trillion in the same period of last year
Water shortage to persist, hit upcoming Rabi season
According to an initial analysis of data, it is projected water shortfall would stand between 35-45 percent during the upcoming Rabi season 2018-19