OGDC’s profit falls 20.5pc to Rs42.2bn in 1HFY21
KARACHI:Â Net profit of the Oil and Gas Development Company Limited (OGDC) declined 20.5pc YoY to Rs42.2 billion during the first half (July-Dec) of the...
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 the day...
Foreign governments should treat Chinese investments fairly: SASAC chief
BEIJING: Foreign governments should treat Chinese firms’ investments in their respective jurisdictions fairly, Xiao Yaqing, the head of China’s state assets regulator, said on...
FPCCI requests FBR to restore audit immunity for commercial importers
ISLAMABAD: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has urged the Federal Board of Revenue (FBR) to restore audit immunity to...
Meezan Bank announces 30pc growth in half-year financial results
KARACHI: The Board of Directors of Meezan Bank in its meeting, approved the Bank’s financial statements for the half year ended June 30, 2018.
Profit...
PSO earnings fall 49pc in 9MFY20
LAHORE: Pakistan State Oil (PSO) convened its Board of Management (BoM) meeting on Wednesday to review the company’s performance during the nine months of...
Pakistani money in Swiss banks down, yet still above Indian funds, claims Indian media
KARACHI: Money kept by Pakistani citizens in Swiss banks fell by over 21 per cent to a record low of CHF 1.115 billion in...
Sanofi Aventis posts 75pc decrease in profit
LAHORE: The Board of Directors of Sanofi Aventis Pakistan Limited (SAPL) met on Tuesday to review the company's performance and announce its financial results...
IMF’s concerns about the economy are correct, Miftah Ismail
ISLAMABAD:Â Speaking to media at the Ministry of Finance, Advisor to the Prime Minister on Finance, Revenue and Economic Affair Division Miftah Ismail has said...
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
Pakistan uses up Chinese trade financing facility to repay debt
In the current fiscal year 2017-18, China has given about 40 per cent of total foreign loans.
Pakistan borrows $439.17m in July to maintain foreign reserves
ISLAMABAD:Â Pakistan has borrowed $439.17 million in the first month of the current fiscal year to keep its foreign reserves above the two months import...
Country’s CPI surges by 4.4pc in January 2018
KARACHI: Pakistan’s Consumer Price Index (CPI) surged by 4.4 per cent on year-on-year basis in January 2018 as compared to an increase of 4.6...
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 Corp’s consolidated...
President reconstitutes National Finance Commission
ISLAMABAD:Â The president has reconstituted the National Finance Commission (NFC) with Finance Minister Asad Umar as its chairman, according to a Finance Division notification.
Apart from...
