Profit repatriation rises to $1.773b in July-April FY18
Power sector recorded the highest FDI inflow $750 million and payments on FDI touched $180 million during July-April FY18
SECP holds awareness session on AML/CFT obligations
ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) under its outreach program organised an awareness session on Anti-Money Laundering/ Countering Financing...
Pakistani owners of UK properties served FBR notices
ISLAMABAD: Starting Monday, the Federal Board of Revenue (FBR) commences issuing notices to the Pakistanis who were known to have purchased various properties...
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...
Twitter profits surge, user base sees growth
WASHINGTON: Twitter said Friday profits surged while its user base grew in a quarterly update that lifted its share price.
The short-messaging service...
Stocks extend rally, KSE-100 closes 589 points higher
KARACHI: Stocks continued to rally for the third consecutive session on Thursday, as the indices followed the upward trajectory amid improved market...
TPL Trakker to raise Rs1.38bn from IPO
The company will offer 115.7m shares in the IPO at a floor price of Rs12 per share
Pakistan’s exports to fall $3bn owing to coronavirus: Dawood
ISLAMABAD: Adviser to the Prime Minister on Commerce Abdul Razak Dawood has said the State Bank of Pakistan (SBP) has called for...
NFC agrees to finalise 9th Award by Dec 31
LAHORE: The 9th National Finance Commission has agreed to make efforts to finalise the NFC Award by December 31 this year.
A meeting...
BankIslami posts Rs973m profit for 9M2019
The Board of Directors of BankIslami Pakistan Limited recently approved the bank’s unaudited financial results for the nine months ended September 30,...
What the SECP’s new NBFC regulations mean for the industry
The regulator is seeking to add more teeth to the enforcement mechanism both for companies that offer consumers investment and insurance options as well as consumer access to credit.
Market Daily: KSE 100 settles at 43539.60 points, up 176.39
LAHORE: In a narrowly traded session, bulls came out as winners. The Pakistan Stock Exchange (PSX) saw no excitement from investors at...
Car manufacturers suggest tax on resale of new cars to discourage illegal premium
ISLAMABAD: Despite various attempts by the government, car manufacturing companies have failed to end the menace of ‘on money’, an illegal selling fee...
Foreign reserves held by SBP fall by $342mn
The total liquid foreign reserves held by the country stood at $16,369.7 million on 31 August 2018, according to the State Bank...
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...