BOP’s pre-tax profit surges 18pc to Rs10.5bn
The Bank of Punjab (BOP) Board of Directors recently approved the unaudited financial statements for the nine months ended September 30, 2019.
The Net Interest...
Bank Al-Habib expands into Kenya, opens representative office
LAHORE:Â Bank Al-Habib Ltd in an attempt to tap into the multibillion-dollar international transaction business in its first investment in Africa, has been granted the...
NAB calls SECP chairman to explain actions aiding Ali Jahangir Siddiqui
ISLAMABAD: National Accountability Bureau (NAB) has summoned Securities and Exchange Commission of Pakistan (SECP) chairman to appear today (Friday) and record plea in a...
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...
ECC decision on housing finance to be approved by Cabinet today
ISLAMABAD: The federal cabinet, scheduled to meet today (Tuesday) with Prime Minister Imran Khan will endorse the Economic Coordination Committee’s (ECC) decision on housing...
FPCCI reproves US opposition to IMF bailout for Pakistan
ISLAMABAD: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) President, Ghazanfar Bilour on Sunday expressed annoyance over US opposition to the IMF bailout...
SECP prescribes risk management, control guidelines for fund management industry
ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has prescribed risk management and control guidelines for Asset Management Companies (AMCs). The purpose of...
Creditor starts legal proceedings for Abraaj restructuring
Auctus is the second creditor, after Kuwait’s Public Institution for Social Security (PIFSS), to start legal action in the Cayman Islands, where Abraaj Holdings is registered
Dubai court appoints Deloitte as liquidators to wind up Abraaj Capital
DUBAI: A Dubai court has appointed provisional liquidators to wind up Abraaj’s unit based at Dubai International Financial Centre (DIFC) after a similar process...
Bitcoin tumbles as cryptocurrency sell-off intensifies
LONDON/NEW YORK: Cryptocurrencies plunged on Friday, with bitcoin at one point sliding below $ 8,000 and headed for its biggest weekly loss since December...
Top leadership in conundrum over IMF bailout
Also, sources revealed the country’s external financing requirement would range from $25 to $27 billion for FY19 and they couldn’t be met alone with the assistance of China
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.
Royal Bank of Scotland sets aside ‘Brexit’ pot
LONDON: Royal Bank of Scotland on Friday announced a 14-percent rise in quarterly net profit but warned of a "more uncertain outlook" as Britain's...
Foreign reserves shrink by another $94.3mn
LAHORE: Foreign reserves held by the State Bank of Pakistan (SBP) decreased by $94.3 million to $17,545.5 million during the week ended April 13,...
SBP reserves surge 10.85pc, stand at $8.05bn Â
The foreign exchange reserves held by the central bank increased by 10.85pc WoW, breaking a two-week losing streak, according to data released by the...
