IMC annual sales increase by 25pc with 64,000 units sold in FY2018
LAHORE: The Indus Motor Company (IMC) held its analyst briefing today to discuss its financial year 2018 result, key challenges, and outlook of the business.
Gross...
Punjab finance minister discusses financial matters with Miftah Ismail
ISLAMABAD: Punjab Finance Minister Ayesha Ghaus Pasha had a meeting with Adviser to Prime Minister on Finance, Dr Miftah Ismail here on Wednesday.
The two discussed...
Stable policy environment overturns growth momentum
LAHORE: Pakistan’s Gross Domestic Product (GDP) growth momentum is expected to be dragged down by the current fiscal year while the stable policy environment takes...
Increasing budget deficit restricts development budget releases to Rs752b
ISLAMABAD: With two days left in the current fiscal year, the government has released only Rs752.14 billion so far under its Public Sector Development...
SWIFT makes headlines as hackers steal $6mn from Russian bank
MAGNITOGORSK: Unknown hackers stole 339.5 million roubles ($6 million) from a Russian bank last year in an attack using the SWIFT international payments messaging...
Brasil envoy for more trade with Pakistan
SIALKOT: Ambassador of Brasil in Pakistan Claudio Raja Gabaglia Lins has said that Brasil will soon establish the direly needed "Pak-Brazil Business Forum" at Islamabad...
Economists urge avoiding IMF, focus on amnesty as FATF puts Pak on grey list
ISLAMABAD: Despite concentrated efforts to avoid the inclusion, Pakistan has officially been placed on the Financial Action Task Force (FATF) 'grey list' on Wednesday. Experts now...
Overseas Pakistanis remit $12.8bn in first eight months of FY18: SBP
KARACHI: Overseas workers remitted $12.8 billion in first eight month of the current fiscal year (July-February), which is up by 3.4 per cent, data...
Govt likely to impose additional 3pc duty on more than 1000 items
The former government had revised RD on dozens of imported items in December 2017 to meet the revenue target
APO pledges support to Pakistan for improving productivity
ISLAMABAD: Asian Productivity Organisation (APO) Secretary-General Dr Santhi Kanoktanaporn Wednesday vowed to support Pakistan in skill development for innovation in productivity through its technical...
Govt of Sindh to initiate Doing Business Reforms across major departments
KARACHI: The Government of Sindh is implementing the Doing Business (DB) Reforms across different departments, said Sindh Board of Investment (SBI) Chairperson, Naheed Memon.
She...
Weekly inflation goes up by 1.71pc
ISLAMABAD: The weekly inflation for the week ended on June 13, for the combined income group witnessed an increase of 1.71 per cent as...
Strong liaison among public bodies needed to expedite growth, remove bottlenecks: PM
ISLAMABAD: Caretaker Prime Minister Justice (r) Nasir-ul-Mulk has stressed the need for strong coordination amongst government bodies to provide maximum facilities to businessmen for making...
Asad Umar steps down as finance minister
ISLAMABAD: Asad Umar on Thursday announced his decision to leave the post of federal finance minister.
Umar took to Twitter and wrote, “As part of...
Bank Alfalah clinches Best Bank Award for 2019
KARACHI: Bank Alfalah clinched the Best Bank Award for 2019 at the 4th Pakistan Banking Awards ceremony held in Karachi the other day.
State Bank...
