Govt urged to renegotiate terms with IMF to fight off corona impact   

Pakistan must renegotiate its terms and conditions for the current Extended Fund Facility (EFF) with the International Monetary Fund (IMF) amid the...

Soneri Bank posts Rs1.9bn profit for 2019

The annual financial statements of Soneri Bank Limited for the year ended 31 December 2019 were approved by the bank’s shareholders in...

World Bank, IMF call for suspending debt payment by developing countries

The World Bank and International Monetary Fund (IMF) Wednesday urged upon its bilateral creditors to suspend debt payments from International Development Association...
Central banks-coronavirus

Central banks deploy record sums to break financial logjam, but may need more

LONDON/BOSTON: Central banks have offered trillions of dollars of support to markets in recent days to keep them from freezing up, as...

Engro Corp reports 32pc increase in revenue

KARACHI: Engro Corporation on Tuesday released its annual report for the year ended on December 31, 2019. According to the annual report, Engro...

SBP to announce monetary policy tomorrow 

KARACHI: The Mone­tary Policy Committee of State Bank of Pakistan (SBP) will meet on Tuesday to announce its decision on the key...
Dr-Reza-Baqir

State Bank ready to battle any market shocks amid coronavirus crisis

The State Bank of Pakistan (SBP) has said it is ready to take action to support financial markets during COVID-19 pandemic outbreak...
Taxation

Centre, provinces to create body to resolve multiple taxation issues

ISLAMABAD: As Pakistan is yet to move forward on easing taxes for businesses- one of the major hurdles impeding the country’s position...

Urea price differential may lead to higher offtake for FFC

LAHORE: A 3pc YoY decline in urea offtake has neutralised the impact of higher urea prices (Rs260 per bag over 2019 vs....

Packages Limited posts 76pc fall in consolidated profit

LAHORE: The Board of Directors (BOD) of Packages Limited (PKGS) met on Friday to review the company’s performance and announce its financial...

FIA to probe Dr Zafar Mirza over alleged involvement in masks smuggling

ISLAMABAD: The Federal Investigation Agency (FIA) has launched a probe into the alleged involvement of Dr Zafar Mirza in smuggling of 20 million...

Is Pakistani market ready for rate cut?

'SBP should consider the country's uncertain inflation outlook as well as the growing pressure on its currency'

Philip Morris posts Rs2.4bn operating loss for 2019

ISLAMABAD: Philip Morris (Pakistan) Limited (PMPKL) has announced an operating loss before tax of Rs2,444 million for the year ended December 31,...

SECP takes steps to increase investors’ protection

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has taken range of measures in the year 2018-19 to identify and address...
Yes Bank-India

India’s Yes Bank debacle jolts investors, customers and partners

BENGALURU/MUMBAI/NEW DELHI: Shares in India’s Yes Bank plunged on Friday as panicky depositors rushed to withdraw funds and payment partners faced outages after...