SECP issues draft amendments to AML/CFT regulations
ISLAMABAD:Â The Securities and Exchange Commission of Pakistan has issued draft amendments to Anti-Money laundering (AML) and Counter Financing of Terrorism (CFT) Regulations,...
AGP office unwilling to conduct pre-audit of Rs80b circular debt payment
ISLAMABAD: The Audit General of Pakistan (AGP) has shown unwillingness to carry out a pre-audit of circular debt, jeopardizing government’s plan to...
Punjab govt to initiate 1,320 MW coal-fired power-project at RYK
Punjab government will set up a 1320 megawatt coal-fired power project at Rahimyar Khan. A memorandum of understanding in this regard was...
Market Daily: Indices succumb to late selling, shed 54.43 points
LAHORE: As the international anti-money laundering watchdog moves close to putting Pakistan on the global grey list, investors thought it wise to...
Country’s reserves decline by $303.3mn
KARACHI: Despite the free market and depreciation of Pak-rupee, total reserves of the country declined by $ 303.3 million till December 15,...
PSX reacts to assurances from Abu Dhabi, index gains over 1,000 points
KARACHI:Â Bulls took over Pakistan Stock Exchange (PSX) on the first trading session of the week. Stocks rallied, appreciating over 900 points in...
British Airways to resume Pakistan flights after a decade
BA, which is owned by Spanish-registered IAG, is due to begin the London Heathrow-Islamabad service on June 2, with three weekly flights by the airline’s newest long-haul aircraft, the Boeing 787 Dreamliner
OGRA issues 63 LPG licences in first nine months of FY20
ISLAMABAD: Oil and Gas Regulatory Authority (OGRA) has issued around 63 licences of varying nature for the promotion of the Liquefied Petroleum...
Chinese debt burden: Facts and Fiction
According to the breakdown of Chinese investments in Pakistan, 22 early harvest projects under CPEC have been completed or are under construction, with a total investment of $18.9 billion.
Cumulative output of Port Qasim power plant exceeds 7.5 billion kWH
The tariff of Port Qasim power plant is below the average tariff level in Pakistan
Handling of economic challenges to guide investors’ sentiments next week
LAHORE:Â Experts believe the relief rally is to be fizzled out gradually over the upcoming week following the shift of focus on key...
China won’t resort to massive stimulus but more easing seen: central bank adviser
To ward off a sharp slowdown, China has unveiled a raft of policy measures this year, including four rounds of reserve requirement ratio cuts to boost lending, along with lower taxes and fees, and moves to fast-track infrastructure projects
Amnesty scheme delayed for more deliberations
Finance adviser asks FBR to revisit the plan and make it more transparent for the public
ISLAMABAD:Â Adviser to Prime Minister on Finance,...
WB meets BoI, reforms under discussion
ISLAMABAD: A delegation of the World Bank (WB) met with Board of Investment (BoI) Chairman Naeem Zamindar here on January 25, 2018,...
Major structural problems in management of public money: Secretary Finance
PAC grills Finance Secretary for structural issues in the utilization of public money