ADB lauded for aiding Pakistan in fight against coronavirus
ISLAMABAD: Asian Development Bank (ADB) Country Director for Pakistan Mrs Xiaohong Yang called on Federal Minister for Economic Affairs Makhdum Khusro Bakhtyar here on...
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, Naheed Memon.
She...
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...
After $1.4b approval, IMF puts on hold $6b EFF programme
ISLAMABAD: In the wake of coronavirus pandemic and disbursement of $1.386 billion under the Rapid Financing Instrument (RFI) to help Pakistan address the economic...
Global stocks hurt by China’s trade threats, falling bond yields
LONDON:Â China's threat to impose countermeasures in retaliation for the latest US tariffs knocked stocks sprawling on Thursday, checking earlier attempt to recover from a...
Capital markets key avenue for attracting foreign inflows: Dr Shamshad Akhtar
ISLAMABAD: Strengthening of the capital market is critical for augmenting domestic resource mobilisation to support the growing financing requirements of the country, said Caretaker...
KSE-100 extends bearish run, sheds 131 points
KARACHI:Â Downward trend continued at the Pakistan Stock Exchange (PSX) on Thursday, as lower risk appetite kept a tight lid on northbound moves.
Foreign investors offloaded...
Market Daily: KSE-100 drops 121.28 points
LAHORE:Â Bears were in control of the Pakistan Stock Exchange (PSX) for the fourth consecutive session while the Finance Minister briefed the Prime Minister about...
PPL’s half-year profit rises 7pc to Rs26bn
The consolidated profit of Pakistan Petroleum Limited (PPL) increased almost 7pc to Rs26.10 billion in the half-year period ended December 31, 2020, mainly due...
Bookme takes big leap with $20 million revenue target and $100 million price tag
The Pakistani ticketing startup was launched in 2014. More than a decade later it is looking to expand beyond Pakistan and has found potential markets
Petrol prices remain unchanged, at least for now
In its summary, OGRA had suggested Rs14.37 per litre increase in petrol prices, Rs4.89 per litre increase in diesel prices, Rs7.46 per litre in kerosene oil and Rs6.40 per litre hike in Light diesel prices.
Weekly inflation falls by 0.41 per cent
ISLAMABAD: Weekly inflation measured by the Sensitivity Price Indicator (SPI) for the week ended August 16, 2018 registered a 0.41 per cent decrease for...
Bullish momentum prevails as index closes 322 points higher
KARACHI:Â Extending the rally from the previous session, the Pakistan Stock Exchange (PSX) closed on Thursday with decent gains.
Foreign investors turned once again closed the...
China to extend support through short term loans
It was earlier rumoured that the caretaker government would opt for a bailout from the International Monetary Fund (IMF), however, after the caretaker setup denied such plans, Pakistan is likely to rely on short-term loans from China till the next government takes charge.
SBP’s shariah compliant liquidity explained
KARACHI: The State Bank of Pakistan (SBP) announced the introduction of Shariah compliant Standing Ceiling Facility and Open Market Operations (OMO) injections for Islamic...
