Agha Steel IPO oversubscribed by 1.63 times
The book-building phase of the Initial Public Offer (IPO) of Agha Steel concluded on Wednesday with investors oversubscribing it by as much as 1.63...
Pakistan partners with USAID to streamline trade and customs procedures
KARACHI: The United States Agency for International Development (USAID) and the Government of Pakistan’s Federal Board of Revenue partnered to host a two-day conference...
Market Daily: PSX turns green over Nawaz’s political demise
The KSE 100 touched intraday low of 40,028.64 nearly within half hour of opening. The index swayed in both directions and ended higher by 45.33 points at 40,435.97.
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
K-Electric posts Rs10.4bn profit for FY17
The Board of Directors of K-Electric Limited has approved the company’s financial results for the year ended 30 June 2017, a private media house...
Current Account deficit widens by 48pc
KARACHI: The current account deficit in the first seven months of 2017-18 amounted to $ 9.1 billion, up 48.1 per cent from a year...
Parliamentary panel concerned regarding govt influence over regulators
ISLAMABAD
The Senate standing committee on finance on Wednesday expressed serious concerns over the government’s tight control over the autonomous regulators - the State Bank...
ADB sells $4.5b two-year global bonds in largest-ever single tranche outing
MANILA, PHILIPPINES:  The Asian Development Bank (ADB) returned to the US dollar bond market on March 31 with the pricing of a two-year global...
Royal Bank of Scotland sets aside ‘Brexit’ pot
LONDON: Royal Bank of Scotland on Friday announced a 14-percent rise in quarterly net profit but warned of a "more uncertain outlook" as Britain's...
KSE-100 falls flat amid volatility
KARACHI:Â After trading in the green zone for a brief period, the Pakistan Stock Exchange (PSX) fell in the grip of bears on Friday, following...
Govt determined to develop CPEC to eradicate poverty: Khusro
ISLAMABAD: The government is determined to develop Cthe hina-Pakistan Economic Corridor (CPEC) to eradicate poverty, provide education to youth, and create job opportunities, and...
CAA reaches out to FIA amid fears Shaheen airline owners may flee after tax fraud
KARACHI: The Civil Aviation Authority (CAA) has urged the Federal Investigation Agency (FIA) to take action against the owners of the Shaheen Air International (SAI) —...
FDI jumps to 15.6pc, adding $262.5 mn from last year
KARACHI: Foreign Direct Investment (FDI) in the first eight months of 2017-18 amounted to $1.94 billion, up 15.6 per cent or $262.5 million from...
Standard Chartered posts highest-ever profit of Rs18.5bn
KARACHI:Â Standard Chartered Bank (Pakistan) Limited on Wednesday announced its annual results for 2018.
The bank performed exceptionally well in the year and delivered a profit...
Govt releases Rs233bn for development under PSDP
Rs86.5bn released for federal ministries, Rs111bn for corporations, and Rs25.6bn for special areas
ISLAMABAD:Â The federal government has released Rs233.4 billion against the total allocation...
