Descon CEO quits own company, becomes PM’s aide
LAHORE: Descon Engineering Limited's chairman, Abdul Razzaq Daud, today resigned from his own company to join the incoming government on the special request of...
Iran to allow private sector to export oil, beat US sanctions
DUBAI: Iran will allow private companies to export crude oil, part of a strategy to counter US sanctions, and is urging fellow OPEC members,...
Govt to set up Pakistan Corporate Restructuring Company to boost economy
ISLAMABAD: Following the directions of Prime Minister Imran Khan to boost economic growth and create employment opportunities, the government plans to establish Pakistan Corporate...
KSE-100 closes flat in range-bound trading
ISLAMABAD: The Pakistan Stock Exchange (PSX) witnessed another range-bound trading session on Wednesday, as the indices swung both ways in search of a clear...
SBP launches Systemic Risk Survey
KARACHI:Â State Bank of Pakistan (SBP), has rolled out a Systemic Risk Survey (SRS) to gauge the views of market participants and experts about various...
Market Daily: KSE 100 index down 154.79pts, settles at 46,331.71
LAHORE: After meandering through the red during most part of yesterday’s session the 100 Index closed down 154.79 points (-0.33 per cent) at 46,331.71.
Amid...
Tax evasion, ghost manufacturers baffle FBR
ISLAMABAD: Nearly 200 ghost companies have been found by the tax authorities claiming to be manufacturers but with fictitious addresses that were set up...
Govt appoints Younus Dagha as Finance Secretary
ISLAMABAD:Â The federal government has appointed Mohammad Younus Dagha as Finance Secretary. Official notification in this regard was issued on Wednesday.
Younus Dagha will take his...
Pakistan’s trade balance improves 19pc in one year
ISLAMABAD: Pakistan trade balance has improved by 19pc, as the deficit declined from $37.6 billion to $30.6 billion during the last fiscal year.
"The country's...
Stocks shed 65 points in range-bound trading
KARACHI:Â Unable to carry forward the winning momentum, the Pakistan Stock Exchange (PSX) ended the last session of the week in the red zone.
Investor participation...
Haroon disregards calls for ‘economic urgency’ amid post-budget backlash
ISLAMABAD:Â Special Assistant to the Prime Minister on Revenue, Senator Haroon Akhtar Khan has hit out at the opposition for glossing over the five-year achievements...
Market Daily: Indices inch upwards, KSE 100 gains 207.14 points
LAHORE:Â The KSE 100 index continued its northbound journey while disregarding concerns emanating from the unexpected outcome of the hotly contested election for the Senate...
Apple places $7bn in return to bond market
Apple Inc said on Thursday it had sold $7 billion of bonds at yields ranging up to 103 basis points over the equivalent US...
PSX ends 220 points higher despite early tremors
KARACHI: The Pakistan Stock Exchange (PSX), after witnessing a volatile trading session, managed to close in the green.
As per news reports, a team affiliated with the...
Digital banking moving nation towards paperless economy
ISLAMABAD: The emerging trends of digital transactions offered by various banks vitally contribute towards a more efficient - paperless economy.
Cashless transactions are becoming the...
