Market Daily: KSE-100 down 844 points
LAHORE: The Pakistan Stock Exchange (PSX) witnessed a turbulent session on Tuesday after four days in the green. An international media agency...
Pakistan’s first digital nano loan launched by Telenor Microfinance Bank
KARACHI: In continuation of its efforts to increase financial inclusion, as part of the Government of Pakistan’s National Financial Inclusion Strategy of...
Lucky Cement records consolidated profit of Rs14.82b
KARACHI: On a consolidated basis, Lucky Cement Limited reported a net profit after tax of Rs14.82 billion after taking out Rs1.35 billion...
Financial, admin issues cause rift between commerce secretary, TCP chairman
ISLAMABAD: A tussle between the Commerce Secretary and Trading Cooperation of Pakistan (TCP) Chairman Mushtaq Ahmed Sheikh on the matter of financial...
China for proper handling of IMF’s funds to Pakistan against Pompeo’s warningÂ
BEIJING: A spokesman of the Chinese Foreign Ministry, Geng Shuang at a regular news briefing here on Tuesday hoped that matters relating to the...
Economists term US state secretary’s IMF statement “alarming”
U.S. Secretary of State Mike Pompeo, in an interview with CNBC television on July 30, has warned against providing IMF bailout for Pakistan's new government that includes funding to pay off Chinese lenders
Government failed to decrease trade tariff and exemptions: IEG
Under the loan granted by WB to Pakistan, one of the conditions set was to decrease trade tariffs and tariff exemptions to enhance innovation and competitiveness
PTI aims to resuscitate PSEs by creating wealth fund
The likely finance minister said the PSEs have been bleeding the national exchequer to the tune of Rs1,100 billion losses with Pakistan Steel Mills topping the list
Tax amnesty scheme results in Rs115 billion tax collection
The FBR has fetched Rs97 billion from these declarants, of which Rs36 billion have been retrieved on overseas assets, Rs61 billion on domestic assets and $40 million has been repatriated
U.S.’ Pompeo warns against IMF bailout for Pakistan that aids China
Pakistan has had 14 IMF financing programs since 1980, according to fund data, including a $6.7 billion three-year loan program in 2013
NEPRA blames previous govt for power underutilisation in industry report
ISLAMABAD: The failure of the power ministry to efficiently utilise new power plants developed under the leadership of the previous government has...
Market Daily: Investor interest on the rise, KSE-100 up 770 points
The KSE-100 index jumped 818.59 points in the session to touch 43,605.04 and closed the session higher by 770.18 points at 43,556.63.
Imran Khan’s Pakistan vision is beyond reach
A plan to increase welfare spending more than four-fold is unlikely to be implemented if Pakistan seeks support from the International Monetary Fund
UK drafts legislation, compelling offshore entities to reveal real owners of properties
According to the legislation, individuals illegally profiting from properties they own in the UK would be jailed for five years
Nepra saddled by additional Rs112 billion circular debt in FY17
The report stated capacity payments to private power companies stood at Rs280 billion in FY16, rising to Rs350 billion in FY17 and Rs490 billion in FY18 respectively