Govt launches ‘secured transactions registry’ to facilitate financial institutions
ISLAMABAD: Adviser to Prime Minister on Finance and Revenue Dr Abdul Hafeez Shaikh on Thursday formally launched the Secured Transactions Registry (STR) to enable...
SoftBank to raise $100 billion fund every 2-3 years, spend $50 billion annually
TOKYO: SoftBank Group Corp plans to create a new $100 billion fund every two to three years and spend $50 billion annually, its Chief...
Market Daily: KSE 100 breaks 43,000 psychological barrier, gains 684.75 points
LAHORE: After two turbulent sessions at Pakistan Stock Exchange (PSX), just when it looked like things were going to fall apart, they actually fell...
Economic Survey 2017-18: Net debt increased 61.4pc
Adviser to the Prime Minister on Finance Miftah Ismail, Thursday, said that Pakistan’s net debt has increased from 60.2 per cent to 61.4 per cent while liquid forex reserves have declined by $4.5 billion.
Younus Dagha to become next Secretary Finance
ISLAMABAD: As the present Finance Secretary Shahid Mehmood retires on January 6, the government has reportedly finalised the name of Muhammad Younus Dagha, as next...
KSE-100 closes flat amid volatile trading
KARACHI: Amidst volatile trading and thin market participation, the Pakistan Stock Exchange (PSX) closed Wednesday’s session flat. Foreign investors closed the previous session as...
SBP’s foreign reserves increase by $10,350m in one week
LAHORE:Â According to a notice by the State Bank of Pakistan (SBP), the total liquid foreign reserves held by the country stood at $17,079.7 million...
Customs Intelligence registers FIR against China Pakistan Tobacco for tax evasion
ISLAMABAD: Customs Intelligence has registered an FIR against the China Pakistan Tobacco Ltd, an industrial concern located in Export Processing Zone (EPZ), Risalpur on...
ICI Pakistan’s consolidated profit after tax increases 124pc
The ICI Pakistan Limited's Board of Directors has announced the company’s financial results for the six-month period ending December 31, 2019.
On a consolidated basis...
DISCOs seek periodical adjustments in consumer-end tariff
ISLAMABAD: Power distribution companies (DISCOs) including IESCO, FESCO and LESCO has sought from the National Electric Power Regulatory Authority (NEPRA) to approve adjustments in...
Musk drops pursuit of $72 billion take-private deal
LAHORE: Tesla Inc Chief Executive Elon Musk said late on Friday he would heed shareholder concerns and no longer pursue a $72 billion deal...
Exports surge by 13.14pc, trade deficit widens by 17.3pc in first 9 months
KARACHI: The country’s exports have enhanced by 13.14 per cent in first nine-months of the current fiscal year to $17.081 billion, as compared to...
Meezan Bank announces 30pc growth in half-year financial results
KARACHI: The Board of Directors of Meezan Bank in its meeting, approved the Bank’s financial statements for the half year ended June 30, 2018.
Profit...
KSE-100 gains 131 points amid range-bound trading
KARACHI: The Pakistan Stock Exchange (PSX) managed to close another session in the green amid range-bound trading and low market turnover. Foreign investors closed...
Razak Dawood instrumental in shaping business-friendly mini-budget
ISLAMABAD: Unlike the previous ministers of commerce and industry, Prime Minister’s Adviser on Commerce Abdul Razak Dawood has proved to be highly influential in...
