OMCs’ sales up by 8pc in January
Oil Marketing Companies (OMC) sales remained slightly lower than estimates at 8 per cent in January 2017 compared to last January of...
Engro Foods posts PAT of Rs 2.386b in 2016
The Engro Foods (EFOODs) on Friday announced full year net profit after tax (PAT) of Rs 2.386 billion in 2016 down by...
TDAP responsible for falling exports, say exporters
In a scathing criticism on the annual performance of the Trade Development Authority of Pakistan (TDAP), exporters have said that the export...
PSO’s liquidity position causes Rs 60b loss to exchequer
Liquidity position of Pakistan State Oil (PSO) has further worsened as banks have imposed Rs 60 billion heavy penalty on state-owned oil...
Mian Mansha brings Hyundai cars back to Pakistan
South Korean carmaker Hyundai Motor Co is expected to resume assembling of cars in Pakistan, according to a statement sent to PSX...
Lobbying in the ruling party delays appointment of finance secretary
A disagreement within the ruling PML (N) party has delayed the appointment for the permanent slot of federal finance secretary, reported a...
 Tax collection falls short of target despite a 7pc rise
The tax collection rose by 7pc to Rs 1.7 trillion in the first seven months of the current fiscal year but it...
SBP to issue Rs50 coin in commemoration of Late Abdul Sattar Edhi
State Bank of Pakistan will issue a Rs 50 coin in commemoration of the late Abdul Sattar Edhi in March 2017 as...
SAARC commerce and industry delegation calls on Sartaj
Adviser to the Prime Minister on Foreign Affairs Sartaj Aziz reaffirmed Pakistan's commitment to regional cooperation under the umbrella of the South...
Fed govt spends Rs 363bn on development in 2016-17
The government has so far released Rs 2,342 billion for various projects of the finance division out of a total allocation of...
Pak exports to European Union rise 37%
Pakistan's exports to the European Union (EU) rose by 37% during the last three years on the back of the Generalised Scheme...
SBP decides to keep interest rate unchanged at 5.75%
The State Bank of Pakistan has decided to keep the interest rates unchanged at 5.75% for the next two months despite rising...
CPI, DAVOS AND CRITICISM
by BABAR ALI
Transparency International (TI) has released its annual report of Corruption Perception Index on Wednesday. TI analysed the data taken from...
Exchange companies awaiting Pak-rupee devaluation
Despite all efforts of the State Bank of Pakistan (SBP) to shrink the gap between the interbank and Kerb market rates, exchange companies...
Intra-day trading: KSE-100 crosses 50,000 points, touches record high
The Pakistan Stock Exchange (PSX) continued its record-breaking upward trajectory Tuesday (today) with the KSE-100 index testing the 50,000 barrier in intraday...