Miftah Ismail reviews performance of National Savings
ISLAMABAD: Adviser to Prime Minister on Finance, Dr Miftah Ismail here on Thursday, chaired a meeting to review the performance of National Savings.
National Savings Director...
‘Hope’ for Abraaj as court allows restructuring
The Cayman Islands has agreed to an extension for Abraaj’s joint provisional liquidators to devise a restructuring proposal over the next three months.
The Grand...
Allied Bank’s profit after tax grows 11.2pc to Rs14.5bn
LAHORE: The Board of Directors of Allied Bank met on Friday to review the bank’s performance and announce its financial statements for the year ended...
SBP’s monetary policy committee maintains interest rate at 6pc
KARACHI: The Monetary Policy Committee of the State Bank of Pakistan (SBP) has decided to maintain the benchmark interest rate at 6 per cent...
Shazad Dada resigns as Standard Chartered CEO, likely to join UBL
KARACHI: Shazad Dada has stepped down as President and Chief Executive Officer (CEO) of the Standard Chartered Bank Pakistan (SCBPL), according to a statement...
Pakistan reaches out to Saudis for bailout
ISLAMABAD: After a formal request, Pakistan is likely to get $2 billion worth petroleum products from Saudi Arabia on deferred payments for two years, sources...
Affluent businesses enjoyed tax exemptions worth Rs540bn
The federal government has given Rs540 billion worth tax exemptions to affluent businesses during the current fiscal year, economic survey documents reveal.
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...
Nishat Mills’ profit plunges 40pc to Rs1.89bn
LAHORE: The Board of Directors of Nishat Mills Limited (NML) met on Friday to review the company's performance and announce its financial results for...
The free market comes to Pakistan’s wheat crop
The state has been procuring and subsidising wheat production since 1968, claiming it is for the good of small farmers. In reality, it benefits everyone but the growers
Stocks extend gains with 553-point rally
KARACHI: The Pakistan Stock Exchange (PSX) carried forward its positive momentum for the third successive session, ending the day in the green zone again.
The indices...
Dollar rises for second day as U.S., Canada end talks with no deal
The greenback is on track to end the month of August on a positive note, up about 0.6 percent amid trade tensions
Monetary policy for next two months to be announced today
ISLAMABAD: Economists have dubbed the devaluation of rupee against dollar a preface to horrendous of inflation. The monetary policy for the next two months...
Debt levels expected to sharply increase in 2020, stabilise as economies recover: IMF
WASHINGTON: Global debt is expected to increase significantly over the next year, the top economist of the International Monetary Fund said on Tuesday, while...
Current account deficit clocks up at $15.9b
KARACHI: The current account deficit in the first 11 months of 2017-18 has amounted to $15.9 billion, up 43.2 per cent from the previous year.
According to data...
