Govt of Sindh to initiate Doing Business Reforms across major departments
KARACHI: The Government of Sindh is implementing the Doing Business (DB) Reforms across different departments, said Sindh Board of Investment (SBI) Chairperson,...
Market Daily: Indices inch upwards, KSE 100 gains 207.14 points
LAHORE: The KSE 100 index continued its northbound journey while disregarding concerns emanating from the unexpected outcome of the hotly contested election for...
UAE court dismisses criminal case against Abraaj’s chief
A United Arab Emirates (UAE) court on Sunday dismissed a criminal case against the head of the embattled Abraaj private equity group...
Askari Bank reports 59pc surge in profit
KARACHI: The Board of Directors of Askari Bank met on Thursday to review the bank's performance and announce its financial statements for...
Pakistan, Russia sign $10bn energy deal
ISLAMABAD: Pakistan and Russia have formally signed a Memorandum of Understanding (MoU) on Thursday in Moscow for the construction of an offshore gas...
SBP raises Rs391.3bn from T-bill auction
KARACHI: The State Bank of Pakistan (SBP) Wednesday reported that the government had raised Rs391.3 billion through T-bills, against the auction target...
Dearth of economic experts in Finance Ministry irks PM
‘There is not a single ministry official who holds a PhD degree in the field of economics and finance’
‘Secretaries have...
Dollar rate increases in open market following rumours of rupee devaluation
KARACHI: The ongoing political situation in the country has increased the open-market dollar rate to Rs 107.50.
On the other hand, SBP Foreign...
Halfway through 2019, tech leads on Wall Street
SAN FRANCISCO: Technology stocks are Wall Street’s top performers as 2019 hits half-way, with investors betting on lower interest rates, although Apple and...
Govt to present FY21 budget on June 12
ISLAMABAD: The federal government will present the federal budget for financial year 2020-21 before the National Assembly on June 12, sources said...
NA panel criticises government for not increasing cigarette prices
“It is unfortunate that recommendations were made by the committee and the state minister had assured to abolish the third tier on cigarettes – but it did not happen in the budget” PANAH Dr Wajid Ali said.
Services trade deficit shrinks 36.54pc
ISLAMABAD: The country’s services trade deficit narrowed by 36.54 per cent during the first eight months of the current fiscal year compared to...
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...
Asad Umar steps down as finance minister
ISLAMABAD: Asad Umar on Thursday announced his decision to leave the post of federal finance minister.
Umar took to Twitter and wrote, “As...
SBP sells Rs112bn worth of PIBs
KARACHI: The State Bank of Pakistan (SBP) has raised Rs112 billion through the sale of Pakistan Investment Bonds (PIBs), according to a...