Shell Pakistan Limited posts record profit after tax of PKR 6.764b

The Board of Directors of Shell Pakistan Limited announced the financial results for the year ended December 31, 2016. The Company posted an after-tax...

Market not supported by speculators, asserts tycoon Arif Habib

According to Bloomberg, Pakistani tycoon Arif Habib believes that Pakistan stock market having been termed as Asia’s best market last year has potential for...

Pakistan on radar for investors: Indian newspaper

An article appearing in an Indian newspaper, Economic Times has stated that Pakistan is on radar for investors who are willing to invest in...

PSX recommends tax rationalisation

The Pakistan Stock Exchange (PSX) has proposed rationalisation of tax on bonus shares and tax credit on enlistment at the stock exchange in its...

Chinese companies to invest $35b in 19 power projects

Chinese companies will be investing $35 billion in 19 power projects which will generate 12,134 MW of electricity under the China-Pakistan Economic Corridor (CPEC)...

Finance Minister inaugurates Rs 40,000 premium prize bond

Finance Minister Ishaq Dar has inaugurated the premium prize bond worth Rs 40,000 with features of monthly profit and prize of Rs 80 million...

Thailand seeks market for auto sector under FTA

In the final round of talks on Free Trade Agreement (FTA) , Thailand has sought market access for the auto sector in Pakistan, reported...

Pak receives $350m under CSF

The State Bank of Pakistan (SBP) has confirmed that the Trump administration has finally released $350 million under the Coalition Support Fund (CSF). The...

PSX sheds 500+ points as international oil price falls below $50/barrel

At about 3 p.m. local time, international crude oil prices fell below $50, reaching a low of $49.24/barrel, the lowest since December 2016. As...

FPCCI , CWEIC to sign strategic partnership agreement

The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) is going to sign a strategic partnership agreement with the Commonwealth Enterprise and Investment...

NPLs fall in the last quarter of CY2016

  Non-performing loans (NPLs) went down in the last quarter of the calendar year 2016 while small and medium enterprises (SMEs) continued to have the...

Timely crackdown on in-house badla financing prevented a crisis on bourse

The Securities and Exchange Commission of Pakistan (SECP) Chairman Zafar Hijazi has pointed out that an increase in in-house badla financing was leading to...

Pakistan, Switzerland to sign agreement on exchange of bank accounts data

Finance Minister Ishaq Dar in a policy statement in the National Assembly on Wednesday has said that  Pakistan will soon be signing an agreement...

Power ministry resorts to additional subsidy as circular debt mounts

With energy companies facing a looming default crisis and warning the government of invoking sovereign guarantees, the  Ministry of Water and Power has resorted...

Public sector companies accumulate Rs 833b in debt & liabilty

The State Bank of Pakistan Bulletin for the current month shows that the public-sector enterprises have been accumulating debt to alarming levels increasing 36.7pc...

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Bookings for Kia Picanto from next week

After introducing two of its vehicles in the Pakistani market, Kia Lucky Motors is all set to launch Kia Picanto for its customers. The company...

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OGDCL, KE announce increased profits

KARACHI: Oil and Gas Development Company Limited’s (OGDCL) profit increased 50 percent to Rs118.385 billion for the year ended June 30, 2019, reported The...

ECC upholds ban on wheat export