Rs577b foreign assets, Rs1,192b domestic assets filed under amnesty scheme: Finance ministry
Unprecedented response witnessed to the Amnesty Scheme, claims ministry
BankIslami posts Rs251m profit after tax in 1st quarter 2019
The Board of Directors (BoD) of BankIslami has approved the bank's first quarter financial statements for the period ended March 31, 2019.
The bank has...
IMF brings down revenue target to Rs4.8tr
–Sources say govt may increase petroleum development levy to meet revised target
–Govt tells IMF it cannot increase gas prices or impose additional revenue collection...
Twitter profits surge, user base sees growth
WASHINGTON: Twitter said Friday profits surged while its user base grew in a quarterly update that lifted its share price.
The short-messaging service said profit...
Pakistan demands advance payment for projects from KSA
The Arab country may invest in the oil city and Special Economic Zones (SEZs) of CPEC for which the Chinese government has no objection,
Shadow banking grows in Abid market, as conventional banks fail
Numerous shops in Abid Market that provide electronic products on instalments to interested consumers, charge markup rates as high as 30 to 40 per cent in some cases. However, despite such high markup rates, a large number of consumers daily flock to the market to buy electronics on instalments.
Stocks continue to bleed as index sheds another 424 points
KSE-100 Index lost 1,007.68 points or -2.71pc in the outgoing week
KARACHI: Continuing with the downfall, Pakistan Stock Exchange (PSX) ended the last session of...
Saudi company ACWA to invest $4bn in Pakistan’s renewable energy sector
ISLAMABAD: Saudi power producing company ACWA Power on Sunday expressed its willingness to invest around $4 billion in Pakistan’s renewable energy sector.
This was expressed...
SECP to adopt 7 new Islamic finance standards
ISLAMABAD: Pakistan’s capital market regulator will introduce seven new standards covering a variety of Islamic finance transactions, as it fast-tracks the adoption of rules...
Govt on track to streamline dwindling economy: Asad Umar
ISLAMABAD: With a focus to reach out to the poor, the Pakistan Tehreek-e-Insaf government, despite inheriting worst financial and current account crisis, has taken major...
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 Dhabi.
The contract...
Pakistan’s mounting external debt leaves limited window to counter risks: Fitch Ratings
LAHORE: Pakistan’s burgeoning external financing risks are further being added to by a declining foreign exchange reserve and a mounting current account deficit. With...
Weekly SPI inflation increases by 0.18pc
According to data released by the Pakistan Bureau of Statistics, the Weekly Sensitive Price Indicator (SPI) for the combined group increased by 0.18 per...
Why the Pakistan Banao Certificates are a bad investment
My first job out of college was at a brokerage firm in New York whose offices were just two blocks north of the Roosevelt...
Urea inventory falls to five year low as crisis looms
LAHORE: Pakistan’s urea inventory was recorded at 86,155 tons at the end of July this year, reaching a five‐year low of around 105,000 tons last...
