Azhar relieved of Revenue Division portfolio, given economic affairs charge
--Sources say PM Imran changed the portfolio of Hammad Azhar owing to strong protest lodged by Dr Abdul Hafeez Shaikh
ISLAMABAD: A day...
ECC to decide electricity tariff hike in next meeting Â
KARACHI: After an increase in the gas tariff, the government has further deferred the increase of electricity by Rs3.75 per unit to...
Market Daily: PSX rallies up as rupee devalues
LAHORE: The KSE 100 index extended its rally from Tuesday’s session on the back of the depreciated rupee after the central bank...
PSX plunges 937 points ahead of budget
LAHORE: Bearish sentiments surrounded the bourse on Monday with the KSE-100 index benchmark dipping by over 900 points, as investors adopted a...
Inflation set to trigger June onwards, experts believe
LAHORE:Â Three major trigger points are likely to push the June Consumer Price Index (CPI) that is expected to pick up the pace...
One in five financial institutions consider cryptocurrency trading, survey says
LONDON: One in five financial institutions is considering trading cryptocurrencies within the next 12 months, a survey published by an international news agency...
Economists divided over Nawaz’s verdict
On Friday an accountability court had announced the verdict in the Avenfield properties corruption reference filed by NAB, handing ousted prime minister Nawaz Sharif 11 years as jail time, Maryam Nawaz with 8 years and Captain Safdar with 1 year in jail.
Budget 2018-19: Govt earmarks Rs72,255mn for power division projects
According to the budgetary documents, an amount of Rs65,099.054 million has been earmarked for 47 ongoing hydel projects while Rs7,156 million have been assigned for 18 new schemes under the PSDP 2018-19.
SBP injects Rs1,141.7bn into money market
KARACHI: State Bank of Pakistan (SBP) on Friday injected Rs1,141.7 billion into money market for seven days as reverse repo through its...
FBR disbursed Rs175bn tax refunds among exporters
ISLAMABAD: The Federal Board of Revenue (FBR) has disbursed Rs175 billion (with an additional amount of Rs50 billion) tax refunds among exporters...
Bitcoin slumps to two-week low on technical trading, market jitters
LONDON:Â Bitcoin extended losses on Thursday after suffering its worst day for a month on Wednesday, with traders citing factors ranging from technical...
Bears return to PSX as benchmark plunges 501 points
Cement sector lost 3.40pc from its cumulative market capitalization despite a decline in global coal prices
KARACHI:Â Trade floors turned red on Friday...
Dr Shamshad for improving quality of local products to decrease imports
ISLAMABAD: Caretaker Finance Minister Friday said that improving the quality of local products at par with international standards was imperative to discourage imports into...
Lotte Chemicals reports 25pc increase in profitÂ
LAHORE: The Board of Directors of Lotte Chemicals Pakistan Limited (LOTCHEM) met on Friday to review the company's performance and announce the...
Fiscal deficit widens to 2.2pc in first six months
ISLAMABAD: The debt-ridden government of Pakistan spent Rs 796.3 billion, which is 2.2 per cent of the nation’s GDP, more than it...