Colony NorthStar ends talks with Abraaj to acquire fund management unit: Report
Reuters on Thursday reported creditors were seeking legal advice from law firm Clifford Chance on the potential action they could initiate against Abraaj in wake of worries over its ability to repay its debt, two sources close to the matter revealed
Rana Afzal Khan to become next Finance Minister
LAHORE: The PML-N MNA Rana Afzal Khan is set to become the next federal Finance Minister, it has been reliably learnt by Profit. Ishaq Dar’s...
Pak Suzuki declares Rs941m loss for 1Q2020
LAHORE: The Board of Directors of Pak Suzuki Motor Company Limited (PSMC) met on Thursday to review the company's performance and announce its financial...
FBR significantly changes the taxation of capital gains on disposal of immovable property
ISLAMABAD: Federal Board of Revenue (FBR) has made significant changes in the taxation of capital gains on disposal of immovable property.
The changes have been...
Economic woes push country to rely on collections from undeclared wealth
ISLAMABAD: The Federal Cabinet has approved a month's extension to the deadline for declaring domestic income and foreign assets. The Tax Amnesty Scheme, has now...
Economists say mini-budget lacks clarity of thought
-- Miftah Ismail terms the bill ‘IMF inspired’
ISLAMABAD: Leading economists, industrialists and businessmen on Tuesday commented on the government’s finance bill, saying that the government...
Market Daily: KSE 100 almost flat as caretaker PM announced
The government and opposition parties have finally agreed upon nomination for the caretaker prime minister as the current tenure of the government is due to end on May 31, 2018.
HBL’s profit increases 14pc to Rs8.4bn in 1st quarter 2019
HBL on Wednesday declared a consolidated profit after tax (PAT) of Rs3.2 billion with earnings per share of Rs2.08 for the first quarter of...
Railways seeks Rs73bn for ongoing, new projects in next PSDP
ISLAMABAD: Pakistan Railways (PR) has proposed Rs73 billion for ongoing and new projects in the next Public Sector Development Programme (PSDP) for the fiscal...
Bank Alfalah clinches Best Bank Award for 2019
KARACHI: Bank Alfalah clinched the Best Bank Award for 2019 at the 4th Pakistan Banking Awards ceremony held in Karachi the other day.
State Bank...
Shell profit edges higher to $6bn in first quarter
LONDON: Energy giant Royal Dutch Shell on Thursday said net profit edged higher to $6 billion in the first quarter, with the advance capped by...
WB sees ‘huge willingness’ to suspend debt payments for poorest countries
WASHINGTON: The World Bank is seeing “a huge willingness” on the part of official bilateral creditors to suspend debt payments by the world’s poorest...
Honda Atlas raises car prices amid increasing production costs
KARACHI: Honda Atlas Cars Ltd, has once again increased the prices of its cars including the Civic, City and BR-V in Pakistan by Rs30,000...
Pakistan must beware of an easy Chinese bailout, says Bloomberg
As former cricket star Imran Khan prepares to take his oath as Pakistan’s new prime minister Saturday, there’s one thing he must be clear about:...
KSE-100 down 102 points as investors await FATF outcome
KARACHI: Bearish trend prevailed at the Pakistan Stock Exchange (PSX) on Tuesday, as the investors remained anxious ahead of the Financial Action Task Force's...
