ECNEC approves projects over Rs80 billion
ISLAMABAD: The Executive Committee of the National Economic Council (ECNEC) under the chair of Prime Minister Shahid Khaqan Abbasi has approved eight...
NAB chairman orders investigation of illegal appointments in SECP
KARACHI: The appointment of Hafiz Yousaf, Senator Osman Saifullah and other employees of the Securities and Exchange Commission of Pakistan (SECP) in the...
Senate passes Corporate Rehabilitation Bill 2018
ISLAMABAD: The Senate has passed the amended Corporate Rehabilitation Bill, 2018. It provides the mechanism for rehabilitation of the distressed companies, which is...
Pakistan partners with USAID to streamline trade and customs procedures
KARACHI: The United States Agency for International Development (USAID) and the Government of Pakistan’s Federal Board of Revenue partnered to host a...
‘The Wolf of Wall Street’ producers face lawsuit, fined $60 million
KUALA LUMPUR: The company behind the 2013 film, “The Wolf of Wall Street”, agreed to pay the United States government $60 million...
Japan to penalise cryptocurrency exchanges
TOKYO: Japan’s financial regulator will this week slap several cryptocurrency exchanges with administrative punishment notices and is considering forcing some to suspend...
Saudi government seeks to resolve Islamic tax dispute with banks
DUBAI: Crown Prince Mohammed bin Salman has directed the Saudi government to resolve a dispute with banks facing higher Islamic tax liabilities,...
NAB authorises inquiry against Azgard Nine, Agritech Limited
LAHORE: National Accountability Bureau (NAB), in a notice to the Pakistan Stock Exchange (PSX) informed that it has authorised an inquiry against owners...
NEC meeting discusses federal development budget
LAHORE: The National Economic Council (NEC) discussed important matters related to the federal development budget in a meeting held on Wednesday in...
Silk Bank announces Rs1135.2mn profit after tax for 2017
LAHORE: The Board of Directors of Silkbank Limited, in its meeting held on March 06, 2018, reviewed the performance of the bank and...
Pakistan’s real estate is thriving: Report
LAHORE: Pakistan’s real estate is soaring as house prices have more than doubled in Lahore, Karachi and Islamabad according to real estate...
$9-10bn required to transform Karachi, WB report
LAHORE: Karachi, Pakistan’s biggest city, needs $9 to $10 billion financing over a period of 10 years to meet its infrastructure and...
IMF gives favourable outlook to Pakistan’s economy, warns of risks in medium-term
LAHORE: The International Monetary Fund on Tuesday released its policy statement regarding first Post-Program Monitoring Discussions with Pakistan and maintained a favourable near-term...
Pakistan’s textile earnings far behind regional economies
KARACHI: A senior economist of the central bank on Tuesday said Pakistan earns only $1 billion via sales of one million cotton...
CCP to initiate legal action against PFMA for indulging in cartelization of wheat
ISLAMABAD: Competition Commission of Pakistan (CCP) has decided to initiate legal action against Pakistan Flour Mills Association for indulging in cartelization and...