Govt mulls relocating deposits worth Rs1.9tr

Speculations suggest that IMF has advised the govt to do so in order to avoid the alleged misuse of govt fundsKARACHI: The Pakistan Tehreek-e-Insaf...

Asad Umar steps down as finance minister

ISLAMABAD: Asad Umar on Thursday announced his decision to leave the post of federal finance minister.Umar took to Twitter and wrote, “As part of...

PSX turns green as investors remain upbeat on IMF package

KARACHI: Optimistic sentiments continued to surround the Pakistan Stock Exchange (PSX) on the first trading session of the week, as the indices, after a slow...

 Tax amnesty scheme final chance to regulate properties, assets

ISLAMABAD: The upcoming tax amnesty scheme would be the last chance for tax-evaders to declare their properties and assets and avoid any legal action which...

Services trade deficit shrinks 36.54pc

ISLAMABAD: The country’s services trade deficit narrowed by 36.54 per cent during the first eight months of the current fiscal year compared to the corresponding...

Financial inclusion for women stands at 9pc in Punjab: PCSW survey

ISLAMABAD: In Punjab only nine per cent of women have accounts at banks or other financial institutions whereas 24 per cent men have access to...

SECP issues fresh guidelines on anti money laundering, terror financing

ISLAMABAD: As Pakistan needs to meet conditions of the Financial Action Task Force (FATF) by June 2019, the Securities and Exchange Commission of Pakistan (SECP)...

Stock market gains 550 points as investor confidence improves

Overall trading volumes improved by 32pc and were recorded at 189.15mKARACHI: After few early bumps, the Pakistan Stock Exchange managed to stand its ground...

Abraaj founder, managing partner arrested on fraud charges

NEW YORK/LONDON: The chief executive and a managing partner of the collapsed Dubai private equity firm Abraaj Capital Ltd were arrested on the United States...

PSX sheds 550 points amid fears of economic slowdown

KARACHI: The Pakistan Stock Exchange (PSX), following a weak start, caved into selling pressure on Wednesday, as yesterday's relief rally failed to carry on amid...

PSX plunges 506 points on weak economic outlook

The power generation and distribution sector lost 2.42pc from its cumulative market capitalisation following the news regarding an increase in power tariffKARACHI: Continuing...

Stock market ends flat amid volatility

KARACHI: Investors of the Pakistan Stock Exchange (PSX) endured another volatile session on Wednesday. Indices that swung in both directions failed to sustain its gains,...

PSX retracts intraday gains to close 318 points lower

KARACHI: The Pakistan Stock Exchange (PSX) started the trading session on a positive note, but retraced its intraday gains to close in the red zone.On...

Bears tighten grip on PSX, index sheds 294 points

KARACHI: Bears tightened their grip on the Pakistan Stock Exchange (PSX) as soon as the session commenced on Monday. Indices kept shedding gains all day...

Central bank raises interest rate to 10.75%

The State Bank of Pakistan (SBP) on Friday increased the policy rate by 50 basis points, raising it to 10.75 per cent.A SBP statement...

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