Pakistan’s inflation rate ringing alarm bells amid financial turmoil
The inflation rate in Pakistan has always been on the high side since the last couple of years. The average Pakistani has been in...
Pakistan needs to get out of the comfort zone, end cycle of borrowing
Pakistan is stuck in a repeated cycle of borrowing to pay back money it already owes to other countries. The scary part - it seems like it has become too comfortable with it.
Budget 2018-19: Govt estimates Rs147,746mn for subsidies on power, textile, water
ISLAMABAD: The government has estimated Rs147,604 million worth subsidies for power, food, textile, water, construction of small dams during the financial year 2018-19.
According to...
PSX places Adam Sugar Mills on defaulters’ list
LAHORE: The Pakistan Stock Exchange (PSX) on Wednesday placed Adam Sugar Mills Limited (ADAMS) on the defaulters’ segment for non-compliance of clause 5.11.1(i) of PSX...
Sanofi Aventis posts 75pc decrease in profit
LAHORE: The Board of Directors of Sanofi Aventis Pakistan Limited (SAPL) met on Tuesday to review the company's performance and announce its financial results...
ECC approves measures to boost remittances through banking channels
--Remittances transferred into bank accounts will be exempted from WHT from July 2020
--A National Remittance Loyalty Programme will be launched from Sept to incentivise...
Abraaj engaging U.S investment bank Houlihan Lokey for health-fund advice after controversy
DUBAI: Dubai-based private equity firm Abraaj has hired U.S. investment bank Houlihan Lokey to help it try to stem the fallout from a dispute...
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...
Alibaba results beat estimates on cloud, e-commerce growth
SHANGHAI: China’s Alibaba Group Holding Ltd reported better-than-expected quarterly revenue and profit on Thursday, aided by growth in its e-commerce and cloud computing businesses.
The beats...
1HCY20: Standard Chartered Pakistan reports 26pc increase in profit before tax
KARACHI: The Board of directors of Standard Chartered Bank (Pakistan) Limited met on Tuesday to discuss the bank’s performance and announce its financial results for...
Fatima Fertilizer’s gross profits jump 68pc amid decreasing cost of sales
Despite a 2 per cent reduction in Fatima Fertilizer Company’s sales, its bottom line rose up significantly, due to decreased cost of sales.
The company...
Pakistan’s ratings drop to B3 negative, MoF attempts to soften the blow
Moody's changes outlook on Pakistan's rating to negative from stable; B3 rating affirmed
BOK posts Rs1.3bn profit for 2019
PESHAWAR: The Board of Directors of The Bank of Khyber (BOK), during its 160th meeting on Wednesday, reported a Rs1,306 million profit after tax...
Election 2018: Political parties release specific plans for CPEC
ISLAMABAD: With the General Election 2018 around the corner, almost all major political parties have come up with their respective election manifestos featuring their...
Vigilant to global economic risks clouding recovery, says Japanese PM
TOKYO: Japan’s government will keep a close eye on looming risks to a global economic recovery as it guides policy, Prime Minister Shinzo Abe...
