FINCA secures Rs800m Tier-II facility from PMIC
FINCA Microfinance Bank Pakistan (FMBP) has announced that it has secured an eight-year, Rs800 million Tier-II/subordinated bilateral loan facility from Pakistan Microfinance...
Amnesty scheme needs to be extended to reap benefits, experts believe
Amidst uncertainty especially after the scheme being challenged in Supreme Court of Pakistan (SCP), no considerable amount has been repatriated under the scheme except around Rs10 billion declared through tax amnesty domestically so far.
Promised funds of $20.073bn face delays
As the cash-strapped nation eyes assistance from friendly countries and the International Monetary Fund (IMF), the Economic Affairs Division (EAD) has revealed...
Pakistan adopts roadmap towards cashless society despite challenges: report
ISLAMABAD: A roadmap has been brought in practice in the government's circles to take Pakistan towards a cashless society, Gwadar Pro Mobile...
Pakistan Stock Exchange CEO Richard Morin resigns
Pakistan Stock Exchange (PSX) chief executive officer Richard Morin on Tuesday resigned from his post, according to a notification shared on the...
Murad Ali Shah presents Sindh’s budget of Rs1.14 trillion
Sindh Chief Minister Murad Ali Shah on Wednesday presented the Sindh’s provincial budget for Q1FY1028-19 with a total outlay of Rs1.14 trillion.
CAA deposits Rs5 bn in Ali Jahangir Siddiqui’s JS Bank, violating Finance Division’s rules
ISLAMABAD:Â In a surprising development, it has reliably been learnt that the Civil Aviation Authority (CAA) has deposited Rs5 billion of funds, which...
TIP receives a complaint against CAA regarding deposits in JS Bank
KARACHI: Transparency International Pakistan (TIP) has received a complaint against the Civil Aviation Authority (CAA) who has deposited a huge amount of...
Stocks extend gains with 553-point rally
KARACHI:Â The Pakistan Stock Exchange (PSX) carried forward its positive momentum for the third successive session, ending the day in the green zone...
Govt raises Rs200b through Sukuk: Hafeez Shaikh
Adviser to the Prime Minister on Finance and Revenue Dr Abdul Hafeez Shaikh has said that for the first time, the government...
SBP denies rumours about Rs10,000 banknotes
KARACHI: The State Bank of Pakistan (SBP) denied on Friday the news reports about the issuance of Rs10,000 banknote.
“The existing banknote denominations...
Half-Year Results:Â MCB Bank posts 14pc growth in profit before tax
The bank maintains industry's highest quarterly payout of Rs4 per share
The Board of Directors of MCB Bank Limited met under...
IMF resident rep calls on Minister of State for Finance
ISLAMABAD: Newly appointed IMF Resident Representative to Pakistan, Maria Teresa Daban Sanchez called on the Minister of State for Finance Rana Muhammad Afzal here on...
HBL declares consolidated PAT of Rs9.9bn
HBL on Thursday declared a consolidated profit after tax of Rs9.9 billion for the first nine months of 2018, with earnings per...
Current account deficit widens to $18bn in 2017-18, dollar at Rs128.60 interbank
CAD has jumped by 5.7 per cent of total country’s gross domestic product (GDP) this year.