Market Daily: Bulls in control as Imran becomes PM
LAHORE: It was an exciting day for the investors of the Pakistan Stock Exchange (PSX) where bulls finally gave up on sleep...
Asia Pacific delegation finds ‘deficiencies’ in Pakistan’s FATF action plan
ISLAMABAD: A six-member visiting delegation of the Asia Pacific Group (APG) has found some deficiencies in Pakistan’s systems, agencies, and laws to...
Pakistan must beware of an easy Chinese bailout, says Bloomberg
As former cricket star Imran Khan prepares to take his oath as Pakistan’s new prime minister Saturday, there’s one thing he must be...
CPEC ‘curtailment’ under stricter IMF programme, warns Fitch
ISLAMABAD: The US pressure could lead to ‘stricter’ conditions by the International Monetary Fund (IMF) to bail out Pakistan, including curtailment of...
Bank AL Habib declares half-yearly pre-tax profit of Rs7.08bn
KARACHI: The Board of Directors of Bank AL Habib Limited (the Bank) announced the financial results of the Bank for the half...
Descon CEO quits own company, becomes PM’s aide
LAHORE: Descon Engineering Limited's chairman, Abdul Razzaq Daud, today resigned from his own company to join the incoming government on the special...
Engro Corporation’s revenue up by 37pc n 1H 2018
KARACHI: Pakistan’s premier conglomerate, Engro Corporation (PSX: ENGRO) announced its financial results for the half year ended June 30, 2018. The company...
Nestlé Pakistan records 4.24pc revenue growth in H1 2018
KARACHI: Nestlé Pakistan recorded a revenue growth of 4.2 per cent for the six months ended on June 30, 2018 with an...
Govt institutions evaluate possibilities to bring looted money from abroad
ISLAMABAD: As the finance minister-in-waiting Asad Umar has announced to establish a task force for bringing back looted money from abroad, the...
Summit Bank to be merged with Sindh Bank by August 31
KARACHI: The board meeting of the Summit Bank has finally decided to merge with the Sindh Bank after a final meeting with...
India’s Cosmos Bank loses $13.5mn in cyber attack
MUMBAI: Cybercriminals hacked the systems of India’s Cosmos Bank and syphoned off nearly Rs944 million ($13.5 million) through simultaneous withdrawals across 28...
Health ministry launches crackdown against violators of PHW on cigarette packs
ISLAMABAD: Taking a strong exception to the availability of cigarette packets with no Pictorial Health Warning (PHW) or having PHW less than...
Urea prices to rise again amid absence of govt resistance
LAHORE: Urea prices are expected to take another round of escalation amid an absence of government resistance after pushing Rs200 per bag...
Market Daily: KSE-100 index sheds 485 points
LAHORE: The Pakistan Stock Exchange (PSX) had another turbulent session on Thursday with negative triggers all around. On the economic front, the...
SECP amends PSX regulations governing offices/branch offices of brokers
ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) in the meeting chaired by the SECP chairman has accorded its approval for crucial...