Market Daily: KSE 100 continues southbound, drops 90.86pts
LAHORE:Â Taking its inspiration from the previous session, the 100 Index on Thursday, continued its southbound journey, falling 90.86 points to 45387.77, as...
CCP concludes open hearings on issues related to real estate sector
KARACHI:Â The Competition Commission of Pakistan (CCP) concluded three open hearings on the real estate sector in Pakistan to give an opportunity to...
P&G to buy Merck’s consumer health unit for $4.2 billion
OHIO: Procter & Gamble (P&G) has agreed to acquire Merck KGaA’s consumer health unit for 3.4 billion euros ($4.2 billion), giving it...
How HSBC went kaput three times trying to establish a presence in Pakistan’s banking sector
LAHORE: Many foreign banks have forayed into Pakistan’s banking sector with aplomb in the last few decades, namely Citibank, Barclays, HSBC, Crédit...
Meezan Bank announces Rs2.34bn Q32018 profit after tax
LAHORE: Meezan Bank in a notification to the Pakistan Stock Exchange (PSX) released its financial results for the quarter ended March 31,...
Govt, Meezan Bank working on a 10-year Shariah-compliant bond
LAHORE:Â The Government of Pakistan and Meezan Bank are working together to introduce a Shariah-compliant version of the 10-year bond, revealed an article...
IMF urges central banks to take transparent approach towards tightening monetary policy
WASHINGTON: The International Monetary Fund urged central banks Wednesday to take a gradual and transparent approach to tightening monetary policy, warning that...
CPPA plea to reduce tariff for electricity purchased from sugar mills rejected by Nepra
ISLAMABAD: A Central Power Purchasing Agency (CPPA) plea to reduce tariff for electricity purchased from sugar mills has been rejected by National...
Public debt-to-GDP ratio to touch 70.1 percent by end of FY 2017-18
ISLAMABAD: The country’s public debt-to-GDP ratio is set to touch a 15 year high of 70.1 percent at end of the financial...
Paapam voices opposition over tariff concessions on import of spare parts
ISLAMABAD: Auto part manufacturers have voiced discontent over the government’s move to offer tariff concessions on import of spare parts and accessories...
Miftah to present budget as Rana Afzal gets sidelinedÂ
ISLAMABAD: Contrary to reports that the State Minister for Finance and Economic Affairs, Rana Afzal Khan, will present the budget for being...
FBR to miss revenue collection target by a wide margin
ISLAMABAD: The Federal Board of Revenue (FBR) has not been able to achieve the revenue target it set for the current Fiscal Year 2017-18,...
‘Afeef Zara Airways’ obtains license, plans to take-off in six months
KARACHI: Afeef Zara Airways has obtained its Regular Public Transport (RPT) license from Civil Aviation Authority (CAA) and plans to commence its...
Pakistan’s social media landscape dominated by males, females lag behind: Report
LAHORE: Global Digital report prepared by We Are Social and Hootsuite for Pakistan has revealed some fascinating insights about the country’s internet...
Commerce Minister attends Commonwealth Forum in EnglandÂ
ISLAMABAD: Federal Minister for Commerce and Textile, Mohammad Pervaiz Malik is an on official visit the to UK from 16th to 18th...