PHMA fears import restriction to hinder export orders
LAHORE: Pakistan Hosiery Manufacturers & Exporters Association (PHMA) Monday feared that the latest move of import restriction by the State Bank of...
US-based Pakistani economist highlights troubles with country’s economy
Speaking about former finance minister Ishaq Dar, Mr Mian said stripped the independence of the State Bank of Pakistan (SBP) and kept the exchange rate appreciated, which he termed a “Dutch disease” on steroids
China’s economy cools further, investment growth at record low
Fixed-asset investment expanded by a less-than-expected 5.5 percent in January-July, a result of Beijing’s crackdown on lavish local government borrowing for projects to boost growth
Plan to safeguard oil, gas installations in final stages
Transport, aviation fuel stocks for defence needs are needed to be retained for 25 days via oil marketing companies (OMCs) and another 45 days by the civil sector at every airport and seaport
SSGC loses arbitration case, damages to amount in millions of dollars
Officials said Pakistan will have to pay damages in millions of dollars and previously the government has lost key cases like Reko Diq and Karkey in the International Court of Arbitration
Silkbank declares Rs1.729bn operating profit for half year ended June 30
LAHORE: The Board of Directors of Silkbank Limited in their meeting held on August 13, 2018, declared an Operating Profit of Rs1.729 billion,...
Trade deficit plunges by 16.5pc in July
ISLAMABAD: The trade deficit of Pakistan has decreased to $3.192 billion in July, a decrease of about 16.15 per cent from the...
Noor Financial divests another 0.85pc share in Meezan Bank
LAHORE: In a notification issued to the Pakistan Stock Exchange here on Monday, Meezan Bank disclosed that Noor Financial Investment Company had sold/divested...
Rs838.88mn collected for Bhasha, Mohmand dams fund: SBP
ISLAMABAD: The fund dedicated to the construction of Diamer Bhasha and Mohmand dams has so far received over Rs839.88 million from various...
Fazal Abbas Maken to probe financial, administrative irregularities in TCP
ISLAMABAD: The Establishment Division has appointed Secretary National Food Security Fazal Abbas Maken, as inquiry officer to probe the financial and administrative irregularities...
Unity Foods announces new edible oil under brand name ‘Dastak’
LAHORE: Unity Foods Limited on Monday informed all stakeholders regarding the launch of its new edible oil under the brand name “Dastak”....
PSX re-composes KSE 30 index
LAHORE: The Pakistan Stock Exchange (PSX), through a notification declared that it had re-composed the KSE-30 index for the review period from...
Market Daily: Indices shrink as Independence Day fails to excite investors
LAHORE: The KSE 100 touched intraday high of 42857.58 after gaining 15.40 points soon after the session begun. But failed to hold...
Uphill task for incoming govt as trade deficit worsens
KARACHI: It is a great challenge for the incoming government of Pakistan Tehreek-e-Insaaf (PTI) and its expected Finance Minister Asad Umer to...
China guarantees financial backing as PTI led govt seeks to avoid IMF support
As the incoming government under the leadership of Imran Khan prepares to take the reins of a country embroiled in a balance...