Differences over devaluation surfaced in fiscal policy board meeting

Finance Minister asks SBP to develop information sharing mechanism on major decisions, meanwhile, government expects improvement in economy after January 2019

Market Daily: A glimmer of hope for investors at PSX, up 261.42 points

LAHORE: Driven by Thursday’s inertia, the KSE 100 index was off to a weak start at open and after falling to fresh lows the...

PSX gains 442 points amid revived investor sentiment

Market rebounded after economic reassurance from Finance Minister Asad Umar KARACHI: In a battle between bulls and bears, the former emerged victorious at the Pakistan...

‘Hope’ for Abraaj as court allows restructuring

The Cayman Islands has agreed to an extension for Abraaj’s joint provisional liquidators to devise a restructuring proposal over the next three months.The Grand...

China to provide multiple bailout packages to Pakistan: Consul-general

ISLAMABAD: The Chinese Consul-General (CCG) Long Dingbin on Sunday said that instead of hard cash, China plans to eventually provide multiple forms of bailout packages...

IMF links Pakistan bailout talks to FATF gray list

As Pakistan and the International Monetary Fund (IMF) insisted that they will meet again in coming weeks, sources close to the negotiation process revealed...

Weekly inflation up 0.42pc

ISLAMABAD: The sensitive price indicator (SPI) for the week ended November 15 increased to 0.42 per cent over the previous week, and rose 5.71...

ECC to decide on issues of surplus wheat, PPAF, PSM dues

LAHORE: A meeting of the Economic Coordination Committee (ECC) of the Cabinet will be held on Tuesday, 20 November 2018, stated a notification issued by...

Pakistan to hold policy-level talks with IMF this week

IMF also likely to visit NAB, review anti-corruption framework

Engro Polymer signs $35m Ijarah-based financing facility with IFC

KARACHI: Engro Polymer and Chemicals Limited (EPCL) has announced financing of $35 million from International Finance Corporation to expand its production plant of Polyvinyl Chloride...

Pakistan’s inflation rate ringing alarm bells amid financial turmoil

The inflation rate in Pakistan has always been on the high side since the last couple of years. The average Pakistani has been in...

PSX closes 510 points down on selling pressure

KARACHI: It wasn’t the best start to the week for investors at the Pakistan Stock Exchange (PSX), as the market came under selling pressure due...

CDNS unearths largest-ever ‘scam’ of Rs200 million

Internal control weaknesses, lack of reconciliation of data held in manual and computerized database led to the discovery of this fraud

The heir to Agha Hasan Abedi

How Abraaj’s downfall has echoes of the earlier scandal of BCCI’s collapse, and how it might impact the place of Pakistanis in global finance

PSX gains over 1,400 points in week despite protests

First time since April that all five sessions of the week closed in greenKARACHI: The Pakistan Stock Exchange (PSX) during the last trading week...

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PM likely to sack entire economic squad

Finance Minister Asad Umar, FBR chairman, SBP governor expected to be sent packing Energy minister Omar Ayyub likely to head finance ministry Finance...

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No duty payable on phones being used on roaming for less...

For these phones to be registered, Mr Azhar said it can be done at either the airports or in any of the Customs houses across the country and phones aren’t detained during the process of registration/duty payments