SBP injects Rs720bn into the market
KARACHI: The State Bank of Pakistan (SBP) on Wednesday injected into the money market Rs120 billion for one day and Rs1,600 billion...
SECP notifies Employee’s Contributory Funds Regulations 2018
ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has introduced Employee’s Contributory Funds (Investment in Listed Securities) Regulations, 2018. The new...
Steel sector raises prices to balance rupee devaluation
LAHORE: The steel sector of Pakistan has responded to the rupee devaluation by raising prices, especially of Cold Rolled Coil (CRC) and...
Pakistan signs agreements worth $565m with WB to support water, energy projectsÂ
ISLAMABAD:Â The Secretary, Economic Affairs Division (EAD) signed the following agreements worth $565.0Â million with the World Bank to support the projects in Energy...
CPEC to play immense role in development of remote regions: Secretary planning
ISLAMABAD:Â The Secretary Planning, Development and Reform (PD&R), Shoaib Ahmad Siddiqui has said that the China Pakistan Economic Corridor (CPEC) being a...
Pakistan failed to sign any FTA’s in the last 5 years
ISLAMABAD: Although the government of Pakistan Muslim League Nawaz (PML-N) started the negotiations on various trade agreements including the Free Trade Agreement...
Market Daily: PSX closes green as the KSE 100 settles at 43,507.50
LAHORE: As Moscow dresses up ahead of the upcoming football extravaganza, more and more fans head into the country for the World...
‘Mystri’ app connecting workshops with car ownersÂ
LAHORE: One of the largest internet broadband and cable provider in the country, Wateen, has recently stepped into the e-commerce and digital...
SC informed defective laws are hindering tracing of foreign bank accounts
The DG FIA informed the court Pakistani citizens had invested 4,240 billion UAE dirham in the Gulf nation
Mobile phone card tax suspension could cause Rs123 billion loss to national exchequer
Before the apex court decision, provinces were collecting around 19.5 percent tax on a prepaid phone card, so their revenue collection losses would touch Rs75 billion annually
Pakistan faces risk of arbitration lawsuits if it becomes ECT member: Report
According to the report, ECT is an influential tool in the hands of large oil, gas and coal companies which permits them to dissuade governments from moving to clean energy
Inflation to spike up after latest rupee devaluation
The country’s business community believes Pakistan would feel the pressure sooner rather than later due to an almost 13 percent dip in the value of the rupee in the last six months
Al-Futtaim procures land in Faisalabad to setup auto plant
It is a joint venture between Al-Futtaim Automotive International of Dubai and Renault who in November 2017 signed an exclusive agreement for assembly and distribution of Renault vehicles in Pakistan
Market Daily: Steepest fall after 20 sessions; market sheds 700 points
LAHORE: Indices at Pakistan Stock Exchange (PSX) posted the steepest fall on Tuesday since May 14, 2018, as Monday’s 4 per cent rupee devaluation...
Rupee devaluation not a surprise, further devaluation expected
LAHORE: The State Bank’s move to devalue the rupee by 3.6 per cent on Monday did not surprise experts; however, they suspect deficit risk...