KCCI president concerned over continuous rupee devaluation
KARACHI: Karachi Chamber of Commerce and Industry (KCCI) President Muffasar Atta Malik, while expressing deep concerns over the continuous devaluation of rupee against the dollar...
Market daily: PSX retains investor interest after tumultuous trading
LAHORE
The Pakistan Stock Exchange (PSX) attracted investors’ attention on Wednesday as volumes crawled up further.
The benchmark KSE 100 index touched a peak of 43,435.92 with a...
Government to sell PIA’s minority share of 49pc by April 15
ISLAMABAD: While the opposition parties are concerned about the mode of government in privatisation of Pakistan International Airline (PIA) just ahead of few months...
Miftah Ismail, SBP governor hint new remittances policy for dollar in forthcoming budget 2018-19
KARACHI: State Bank of Pakistan (SBP) Governor Tariq Bajwa and Adviser to the Prime Minister on Finance Dr Miftah Ismail assured the Forex Association...
US dollar touches Rs122 in interbank, closes at Rs121.50
KARACHI: The dollar continued its upward trend in the interbank market on Tuesday closing at Rs121.50 against a dollar.
“The dollar touched Rs122 in the interbank today against...
Economists, business community welcome Imran Khan’s pledges for economy, good governance
ISLAMABAD: While the incoming government of Pakistan Tehrik-e-Insaf (PTI) is going to immediately face a dire economic situation, economists have welcomed the peaceful transition...
JS Global arranges Pakistan Investment Conference 2018 in Washington, New York
KARACHI: JS Global Capital Limited has taken the lead in presenting Pakistan’s economic growth story to international investors by organising the Pakistan Investment Conference...
No quick fixes
The rupee declined sharply against the US dollar during intraday trading on July 5 and neither the central bank nor the federal finance ministry...
External financing to reach over $11.6bn in 2018-19
KARACHI: The total inflows of external financing are expected to the tune of over $11.653 billion during the upcoming fiscal year (2018-19).
“Total inflows of...
Market Daily: Bulls in control as Imran becomes PM
LAHORE: It was an exciting day for the investors of the Pakistan Stock Exchange (PSX) where bulls finally gave up on sleep and took...
SECP takes steps to increase investors’ protection
ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has taken range of measures in the year 2018-19 to identify and address factors that...
SBP issues directives to banks over breach of payment cards
KARACHI: As a result of the security breach of payment cards and their unauthorized use on different delivery channels i.e. at ATMs and POS...
Islamic firms, securities to be governed under new rules
ISLAMABAD: Pakistan’s capital market regulator has drafted governance rules that cover sharia-compliant companies and securities, the latest government initiative aimed at developing the country’s...
Oil and gas reserves to end after 10 years, reveals petroleum division
ISLAMABAD: Senate Standing Committee on Petroleum was informed on Thursday that the country’s existing oil reserves will see an end only after 10 years while gas...
SBP adheres to SHC order, invites KASB shareholders to register complaints
KASB was sold for a mere Rs1000, while Sindh High Court termed SBP’s role in the BankIslami-KASB merger as a “breach of statutory duty.”
