ADB approves $50m additional contribution to expand CGIF’s operations
ISLAMABAD: The Asian Development Bank (ADB) has approved a $50 million additional capital contribution to support the guarantee operations of the Credit Guarantee Investment Facility...
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...
ADB pledges $1.7bn for Pakistan to fight coronavirus
ISLAMABAD: The Asian Development Bank (ADB) has assured to provide $1.7 billion to Pakistan to fight the impacts of the coronavirus.
The assurance was given...
Qatar buys Lebanese bonds as part of $500 million investment in economy
BEIRUT: Qatar has bought some Lebanese government bonds as part of a planned $500 million investment to support Lebanon’s struggling economy, a Qatari government...
Switzerland never offered to return Pakistanis’ assets in its banks: FBR
ISLAMABAD: The Federal Board of Revenue (FBR) has refuted that Switzerland never offered to return even a single dollar of Pakistanis deposited in Swiss...
Shazad Dada resigns as Standard Chartered CEO, likely to join UBL
KARACHI: Shazad Dada has stepped down as President and Chief Executive Officer (CEO) of the Standard Chartered Bank Pakistan (SCBPL), according to a statement...
NIFT, Checkout.com aim to bring int’l payment methods to Pakistan
'Implementation of the project, MoU for which was signed last month, will enable both organisations provide payment services through each other's infrastructure'
MCB Bank posts highest ever profit before tax of Rs48.25bn, 200pc cash dividend for 2020
The Board of Directors of MCB Bank Limited (MCB) met under the chairmanship of Mian Mohammad Mansha on Wednesday to review the bank’s performance...
Indian court declares tycoon Mallya a ‘fugitive economic offender’
MUMBAI: A court in India set up under anti-money laundering laws declared liquor and aviation tycoon Vijay Mallya a “fugitive economic offender” on Saturday,...
US, Mexico reach NAFTA deal as pressure turns to Canada
WASHINGTON: The United States and Mexico agreed on Monday to overhaul the North American Free Trade Agreement (NAFTA), putting pressure on Canada to agree...
Govt to accelerate work on CPEC projects in 2020
ISLAMABAD: Federal Minister for Planning, Development and Special Initiatives Asad Umar has said that the pace of projects under the China Pakistan Economic Corridor...
UAE bank adds Pakistan to ‘remit in 60 seconds’ service
Emirates Islamic says that its 60 second online fund transfer service QuickRemit is now available for remittances to Pakistan
Emirates Islamic has announced that its...
FBR disappointed over dull response from amnesty scheme
LAHORE: The Federal Board of Revenue (FBR) Chairperson Rukhsana Yasmin on Monday said that the response to the amnesty scheme announced at the start...
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 notice fixes spotlight on ‘politically exposed persons’ data
KARACHI: Pakistan Stock Exchange (PSX) has asked all brokers to provide information on ownership, the status of beneficial ownership, unique identification number and nature...
