NAB asks FBR for assistance in investigation against declining revenues from tobacco sector
ISLAMABAD: The National Accountability Bureau (NAB) has asked the Federal Board of Revenue (FBR) to appoint a focal person for assistance in an on-going...
Rs96 billion dispersed to 1,320 companies through SBP’s refinance scheme: Reza Baqir
KARACHI: A total 1,320 companies have availed State Bank of Pakistan’s (SBPs) refinance scheme and a sum of Rs96 billion has been disbursed to...
KSE-100 ends with 385-point gain amid low turnover
ISLAMABAD: The Pakistan Stock Exchange (PSX) started the trading week on a positive note with the indices maintaining their positions in the green zone right...
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.
Beijing Investment Group visits Pakistan Stock Exchange
KARACHI: A Chinese delegation representing the Beijing Investment Group in association with AKD Securities and He Nan Lv Rui Jin Niu Energy Private Limited...
IDB reiterates commitment to Pakistan’s socio-economic uplift
ISLAMABAD: Islamic Development Bank (IDB) President Dr Bander M H Hajjar has said that IDB Group's relationship with Pakistan spanned over 40 years during which...
Pakistan receives $991m as first tranche of IMF loan
KARACHI: Pakistan has received the first tranche of $991.4 million of the $6 billion from the International Monetary Fund (IMF) under its Extended Fund...
ICCI concerned over 50 percent rise in external debt
Pakistan's external debt and liabilities have soared to a record level of $91.8 billion as per SBP’s latest report showing an increase of over 50 per cent.
Covid-19: SBP activates temporary relief facility to support economy
KARACHI: The State Bank of Pakistan (SBP) has opened up its subsidized Temporary Economic Relief Facility (TERF) scheme to expand existing projects as well...
All set for World Islamic Finance Forum
KARACHI: World Islamic Finance Forum (WIFF) 2018 is to be held on March 19 and 20, 2018. AAOIFI Board of Trustees Chairman Shaikh Ebrahim...
Bank AL Habib declares Rs12.88bn profit before tax
The Board of Directors of Bank AL Habib Limited announced the financial results for the nine months period ended September 30, 2019.
The bank reported...
Market Daily: Bears take over again as PSX loses 354.57 points
LAHORE: The Pakistan Stock Exchange for the second consecutive day failed to make a mark. The indices shed gains from the beginning of the...
Market Daily: KSE 100 drops below 43,000
LAHORE: The Pakistan Stock Exchange (PSX) shed blood for another session as foreign investors look to close another week as net sellers. Indices closed...
SBP to announce monetary policy tomorrow
KARACHI: The Monetary Policy Committee of State Bank of Pakistan (SBP) will meet on Tuesday to announce its decision on the key interest rate...
Bullish sentiment prevails as PSX gains 465 points
KARACHI: After a negative start to the session on Thursday, the Pakistan Stock Exchange (PSX) once again went under the influence of bulls, as...
