Ministry releases Rs20.5b for textile, Rs828m non-textile sector under DLTL
Adviser to Prime Minister for Commerce and Investment on Friday announced that the Ministry of Commerce has released Rs 20.5 billion for the textiles...
Budget 2018-19: Govt estimates Rs147,746mn for subsidies on power, textile, water
ISLAMABAD: The government has estimated Rs147,604 million worth subsidies for power, food, textile, water, construction of small dams during the financial year 2018-19.
According to...
Looming FATF meetings spark debate on Pakistan’s possible inclusion in ‘grey list
KARACHI: The Financial Action Task Force's (FATF's) committee may put the country’s transactions on its grey list, but the decision is not going to...
Government to sell PIA’s minority share of 49pc by April 15
ISLAMABAD: While the opposition parties are concerned about the mode of government in privatisation of Pakistan International Airline (PIA) just ahead of few months...
Does the D in DFIs stand for Debt?
The financial institutions have overhauled their strategy and now resemble a leveraged fixed-income fund
SECP continues enforcement drive against insurers
Islamabad: The Securities and Exchange Commission of Pakistan (SECP) has concluded adjudication proceedings against six insurance companies in July and August 2017.
Orders were issued...
Asian markets tumble on trade tensions
Asian stocks largely fell on Tuesday, reversing early gains on a bargain-hunting push by investors, as global trade tensions continued to weigh on markets.
Fears...
Dollar trading at Rs116 in open, Rs115.5 in interbank markets
KARACHI: The US dollar stands at Rs116 in the open market and at Rs115.50 in the interbank market, Forex Association President Malik Bosan said on Wednesday.
As...
MoIP proposes 55 developmental projects for PSDP 2018-19
ISLAMABAD: Ministry of Industries and Production has proposed 55 new projects for funding under Public Sector Development Programme (PSDP) 2018-19 in order to develop...
KSE-100 shrugs off early losses to close 149 points higher
KARACHI:Â Indices of the Pakistan Stock Exchange (PSX) which opened the session in the red on Friday managed to change its course later in the...
Experts urge banks to collaborate with fintechs to provide better digital services
KARACHI: Speakers at an e-banking conference have ruled out the impression that financial technology firms would eat up conventional banks and asked them to...
Former PM allegedly involved in Rs280m contract award against OGRA rules
ISLAMABAD: Former Prime Minister Shahid Khaqqan Abbasi is allegedly involved in the award of a $280 million worth contract for the 427km long Machike-Tarru...
Summit–Sindh Bank merger takes another turn, share swap ratio revised again
Ahsan Raza Durrani appointed as acting president and chief executive officer/executive director as Sindh Bank-Summit Bank merger has come under scrutiny due to alleged financial irregularities.
SECP, NACTA vow to stand against money laundering, terror financing
ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) and National Counter Terrorism Authority (NACTA) have resolved to jointly undertake all necessary efforts to...
Budget deficit widens to Rs2.1 trillion during July-May FY18
The finance ministry officials quoting estimates said during April and May 2018, the budget deficit widened Rs617 billion or 1.8 percent of GDP
