SECP to adopt 7 new Islamic finance standards
ISLAMABAD: Pakistan’s capital market regulator will introduce seven new standards covering a variety of Islamic finance transactions, as it fast-tracks the adoption of rules...
PTI finalises a revamped version of PML-N’s youth loan scheme
ISLAMABAD:Â The Imran Khan led Pakistan Tehreek-e-Insaf (PTI) government has decided to launch a revamped version of the Prime Minister's youth loan scheme, initiated by...
Faysal Bank profits jump 24pc to Rs6bn
KARACHI: The Board of Directors of Faysal Bank met on Thursday to review the bank’s performance and announce its financial statements for the year...
Market daily: stocks play up, down, up and steady!
LAHORE
The stocks were once again seen riding the rollercoaster on Friday as the market gained, lost and then gained to finally settle in green.
Investors...
Market Daily: KSE-100 drops 201 points amid uncertain economic conditions
LAHORE: It was another dull day with low market participation. Indices swayed in both directions in the morning, but late selling forced indices to...
Suraj Cotton Mills announces 11.8pc increase in yearly profits
Suraj Cotton Mills Limited reported an 11.8 per cent increase in annual profits due to 517 per cent rise in tax reversals.
In a Board...
OGDCL earns 78.736bn profit during FY2017-18
ISLAMABAD: The Oil and Gas Development Company Limited (OGDCL) has earned an after-tax profit of Rs78.736 billion during the financial year 2017-18 ended on June...
Market Weekly: Rupee strengthens, PSX up 3.3pc
Positivity prevailed at the Pakistan Stock Exchange (PSX) in the outgoing week with the KSE-100 Index gaining 1,014 points or 3.3pc to settle at...
HBL posts Rs9.9bn profit before tax in first half 2019
HBL on Wednesday declared a consolidated profit before tax of Rs9.9 billion for the six months ended June 30, 2019, with earnings per share...
Stock market takes a hammering again, index sheds 308 points
KARACHI:Â Continuing with the declining trend, the Pakistan Stock Exchange (PSX) ended the last session ahead of holidays also in the red.
The indices, which opened...
Healthtech startup MedznMore claims raising Pakistan’s largest seed round of $2.6m
LAHORE: Karachi-based health-tech startup MedznMore Sunday claimed to have raised $2.6 million in seed round for its medicines and healthcare products delivery operations.
If true,...
Experts believe Dollar may further weaken against Rupee
KARACHI: A crackdown on illegal money exchanges during the last few months and a smooth supply to the Exchange Companies from the banking sector...
Adviser to PM on Finance holds meeting with SECP, PSX
ISLAMABAD: Adviser to Prime Minister on Finance, Miftah Ismail held a meeting with the Securities and Exchange Commission of Pakistan (SECP) and Pakistan Stock...
SBP announces five-fold increase in payment limit for freelancers
KARACHI: The State Bank of Pakistan (SBP) has dramatically increased payment limits for freelancers working in the digital and IT sector, and other freelance...
Bourse turns bearish, sheds 353 points
KARACHI: The Pakistan Stock Exchange retraced its footsteps following a weak finish to the previous session and traded lower throughout Wednesday. The foreign investors...
