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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...