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Bank Al Habib declares pre-tax profit of Rs9.92 billion

The Board of Directors of Bank AL Habib Limited announced the financial results of the Bank for the nine months period ended September 30,...

Pakistan’s direct investment dips by 42pc in Q1

KARACHI: The direct investment in the country has declined by 42 per cent in the first quarter (Q1) (July-September) of the fiscal year 2018-19 and...

Foreign reserves decrease by $219m due to external debt servicing

The total liquid foreign reserves held by the country stood at $14,613.9 million on 12 October 2018.The foreign reserves held by the State Bank of...

Digitization enabling macroeconomic growth for Pakistan: SBP report

LAHORE: The State Bank of Pakistan (SBP) in its annual report on the state of the economy has said that with the help of digital...

SECP holds awareness session on AML/CFT obligations

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) under its outreach program organised an awareness session on Anti-Money Laundering/ Countering Financing of Terrorism...

FBR neglects plan to increase revenue collection to Rs7 trillion per year

ISLAMABAD: While the new government has made the announcement to introduce the long-awaited reforms in the Federal Board of Revenue (FBR), the board has...

Cabinet endorses gas tariff hike proposed by ECC

ISLAMABAD: The federal cabinet on Thursday endorsed a hike in gas tariff and other decisions taken by the Economic Coordination Committee (ECC).The meeting of the...

Market Daily: Day ends in green as KSE-100 gains 335 points

LAHORE: Indices on Thursday moved in the upward trajectory from the word go as foreign investors still seem hesitant and ended as net sellers....

ECC to decide electricity tariff hike in next meeting  

KARACHI: After an increase in the gas tariff, the government has further deferred the increase of electricity by Rs3.75 per unit to the next...

Pakistan needs to get out of the comfort zone, end cycle of borrowing

Pakistan is stuck in a repeated cycle of borrowing to pay back money it already owes to other countries. The scary part - it seems like it has become too comfortable with it.

Denmark offers financing for wind energy projects

Danish envoy says Pakistan should establish an ‘energy police force’ that could address the problems of electricity theftKARACHI: Denmark has offered to finance...

Stocks around the world bounce back after week of selling

NEW YORK: Wall Street started Friday by shaking off an ugly six-day stretch of trading, as stocks opened higher with the help of two solid...

SBP’s foreign reserves decline by $101mn

The total liquid foreign reserves held by the country stood at $14,852.1 million on 5 October 2018.Foreign reserves held by the State Bank of...

Market Daily: PSX takes the hit as KSE-100 drops 393.79 points

LAHORE: Volatility returned to the Pakistan Stock Exchange (PSX) after two calm sessions. Low investor confidence was not limited to PSX but was seen...

Federal Cabinet restores EDB after dissolution

The cabinet of the previous government, following the recommendations of the Cabinet Committee on Energy (CCoE), had decided to dissolve the EDB over rampant corruption

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Dearth of economic experts in Finance Ministry irks PM

‘There is not a single ministry official who holds a PhD degree in the field of economics and finance’ ‘Secretaries have mostly been...

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Pakistan ‘gifts’ 15,000 livestock animals to Gulf countries despite ban

'Influentials sitting in important ministries and those belonging to foreign missions were involved in the export after taking permission from former PM Abbasi' ISLAMABAD: Despite a...