Abraaj fleeced investors to plug shortfalls
Abraaj's legitimate business activities 'could not produce and maintain the cash flow and cash flow reserves necessary to conduct basic, day-to-day...
How the HBL PSL became Pakistan cricket’s financial lifeline
In the past five years, the tournament has consistently been the biggest contributor to the PCB’s revenue. This is where the money comes from, and where it should be going
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
NEPRA grants license for 11.80MW hydel power plant in KP
ISLAMABAD:Â The National Electric Power Regulatory Authority (NEPRA) has granted the power generation licence to Pakhtunkhwa Energy Development Organization (PEDO) for its 11.80MW...
Is this the end of Abu Dhabi group in Pakistan? And who is to blame?
A banker, a lawyer, and a Sheikh walk into a bar. What follows is not a joke, but a tale of high-stakes...
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
Finance ministry calls first meeting over NFC awards on 31st
ISLAMABAD: The Ministry of Finance is going to hold its first Fiscal Coordination Committee (FCC) meeting this week to discuss the annual...
Pakistan signs Expo 2020 participation contract with UAE
ISLAMABAD: Pakistan Sunday formally signed a participation contract with the EXPO-2020 authorities at the Ministry of Foreign Affairs and International Cooperation, Abu...
PSX posts modest gains amid mixed sentiments
KARACHI:Â Investors of the Pakistan Stock Exchange (PSX) showed mixed sentiments before the announcement of budget on Tuesday, as the indices that started...
K-Electric posts Rs10.4bn profit for FY17
The Board of Directors of K-Electric Limited has approved the company’s financial results for the year ended 30 June 2017, a private...
PSX maintains bullish momentum as KSE-100 index climbs 383 points to close above 122,000
Trading volume dips but investor confidence remains strong; Sapphire Fibres leads gainers while PIA Holding sees sharpest decline
Only 14% of women in Pakistan have access to financial services, reveals survey
Karandaaz Financial Inclusion Survey shows a significant gender gap, with male financial inclusion at 56%, while overall digital financial services access reaches 35%
SBP increases clean lending limit for SMEs to Rs10 million
New regulations aim to boost access to finance for small and medium-sized enterprises, aligning with the National SME Policy 2021
Khushhali bank to force convert its hybrid debt into equity. But is it fair?
Khushhali Microfinance Bank might become the first institution to convert its Additional Tier 1 bonds to common equity. But what are the implications of this conversion?
NBP aims expansion towards China while strengthening regional branches
ISLAMABAD: The National Bank of Pakistan (NBP), the country’s largest public sector bank, would be restructured by the beginning of next year,...