Respite for PSX as index closes 100 points higher
KARACHI: The Pakistan Stock Exchange (PSX) changed its direction on Wednesday, as indices managed to recover losses from the preceding session. Foreign investors closed Tuesday’s...
FBR significantly changes the taxation of capital gains on disposal of immovable property
ISLAMABAD: Federal Board of Revenue (FBR) has made significant changes in the taxation of capital gains on disposal of immovable property.Â
The changes have been...
State Bank ready to battle any market shocks amid coronavirus crisis
The State Bank of Pakistan (SBP) has said it is ready to take action to support financial markets during COVID-19 pandemic outbreak – a...
Asad Umar steps down as finance minister
ISLAMABAD: Asad Umar on Thursday announced his decision to leave the post of federal finance minister.
Umar took to Twitter and wrote, “As part of...
Pakistan’s trade balance improves 19pc in one year
ISLAMABAD: Pakistan trade balance has improved by 19pc, as the deficit declined from $37.6 billion to $30.6 billion during the last fiscal year.
"The country's...
UBL profit increases 21pc to Rs4.9bn
KARACHI: The Board of Directors of United Bank Ltd (UBL) met on Thursday to review the bank’s performance and announce its financial statements for the...
NAB likely to cut out names of accused from ECL in KASB-BankIslami case
LAHORE: Prime Minister Imran Khan has directed authorities to consider taking off names of four accused in the KASB Bank merger case, including a...
HBL declares consolidated after-tax profit of Rs8b
KARACHI: Habib Bank Limited (HBL) on Thursday declared a consolidated profit after tax of Rs8.1 billion, with earnings per share for first half of 2018 at...
Bears return to PSX as benchmark plunges 501 points
Cement sector lost 3.40pc from its cumulative market capitalization despite a decline in global coal prices
KARACHI:Â Trade floors turned red on Friday as bears...
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...
Standard Chartered earns Rs8.8bn profit before tax revenue in 1Q2020
The Standard Chartered Bank (Pakistan) earned profit before tax of Rs8.8 billion in the first quarter of 2020 that is 30 per cent higher...
Digitization enabling macroeconomic growth for Pakistan: SBP report
LAHORE:Â The State Bank of Pakistan (SBP) in its annual report on the state of the economy has said that with the help of digital...
BOP’s pre-tax profit surges 18pc to Rs10.5bn
The Bank of Punjab (BOP) Board of Directors recently approved the unaudited financial statements for the nine months ended September 30, 2019.
The Net Interest...
Bears return as KSE-100 drops 314 points
KARACHI:Â After posting gains for two consecutive sessions, the Pakistan Stock Exchange (PSX) once again went under the control of bears, as the indices traded...
CDNS to be safeguarded against ill-gotten money, terror financing: MoF
ISLAMABAD: The Finance Division, through the promulgation of National Savings Schemes (AML-CFT) Rules, 2019, has decided to engage an AML-CFT compliant bank to put...
