SECP warns against investing in Arazi Ventures’ crowd funding scheme
The Securities and Exchange Commission of Pakistan (SECP) in a statement has informed that currently, no regulatory framework is in place to...
World Bank indirectly backs harmful SE Asian projects
 World Bank investments in commercial financial institutions are indirectly allowing land-grabs, evictions and pollution in Southeast Asia, a watchdog group charged in...
PIA Premier Service incurs over Rs 2b worth of losses
Ever since the launch of PIA’s Premier Service on 14th August, 2016, it has incurred losses of Rs 2.1b until 31st December...
Pak, Belarus looking to open banking channels
In order to boost the trade volume between Pakistan and Belarus, central banks of both countries have already signed a Memorandum of...
Rs 6b approved to PSO to prevent default
The Ministry of Finance has approved payment of Rs6b to Pakistan State Oil (PSO) on an urgent basis to avoid an international...
OICCI proposes growth oriented tax policies
The Overseas Investors Chamber of Commerce and Industry (OICCI) has presented a proposal asking for reduction of corporate tax rate from 30pc...
IPPs postpone guarantee call on assurance
Following a government assurance to clear the billion rupees outstanding dues till June, the Independent Power Producers (IPPs) have withdrawn their call...
Country’s DI surges by 6pc to $1.284bn in July-Feb 2016-17
Total foreign investment in the country enhanced by 46.5 per cent to $1.934 billion in last eight months of the current fiscal...
GSMA recommends tax cuts for Telecom sector
Higher taxes mean lower purchasing power of an average consumer. (Groupe Spéciale Mobile) Association (GSMA) has set out a number of measures...
PSX ends the day flat, KSE-100 closes at 48,289
The day at the bourse started bearish with banks leading the index to fall to an intraday low of 531 points, however...
Border closure costing millions to businessmen
Businessmen are moaning the loss of hundreds of thousands of dollars following Pakistan’s closure of its border with Afghanistan on February 16,...
Capital Analytics, PSX collaborate to encourage research-based trading
Capital Analytics (CA) (subsidiary of Capital Stake), a fin-tech startup and the Pakistan Stock Exchange (PSX) have agreed to enter into a...
Govt raises Rs 284b through t-bills
The government managed to raise Rs 284b at an auction of market treasury bills (t-bills) on Wednesday, rejecting bids for 12-month papers...
World Bank sanctions grant worth $450m to Pakistan
The World Bank on Thursday approved a financial package worth $450 million to support the government in its efforts to help poor and...
Govt announces reform strategy for cross-border movement of goods under TFA
The government announced a reform strategy on Wednesday for cross-border movement of goods under the Trade Facilitation Agreement (TFA).
Commerce Minister Khurram Dastgir...