World Bank President Jim Yong Kim resigns
WASHINGTON: World Bank Group President Jim Yong Kim will resign effective February 1, more than three years ahead of the expiration of his term in...
ACCA wins bid to develop public sector finance professionals in Pakistan
ISLAMABAD: The Association of Chartered Certified Accountants (ACCA) on Friday announced that it has been awarded a high-level project to develop a Professional Accreditation Programme in Public...
With pandemic abating, Naspers backs Bykea in $13mn Series-B round
ISLAMABAD: What do you do when you are a startup and you have survived a ruthless pandemic? If you are Bykea, you raise $10...
FBR suspends officer on misconduct in tax amnesty drive
ISLAMABAD: The Federal Board of Revenue (FBR) has suspended a BS-17 officer following an inquiry into an act of misconduct committed by him during...
Indus Motor’s profit increases 40pc to Rs1.85bn in 1QFY21
The Board of Directors of Indus Motor Company (IMC) on Wednesday released its financial results for the first quarter ended September 30, 2020.
The company's...
Fitch affirms Pakistan at ‘B-‘ with stable outlook
LAHORE: International credit rating agency Fitch Ratings has affirmed Pakistan's Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'B-' with a 'Stable Outlook'.
In a press release...
Qatar announces $3bn investment in Pakistan
'Following this investment, the economic partnership between Qatar and Pakistan will reach $9bn'
ISLAMABAD: Following the two-day official visit of Qatar Emir Sheikh Tamim bin...
IMF delegation reaches Pakistan to discuss third EFF tranche
ISLAMABAD: A delegation of the International Monetary Fund (IMF) reached Islamabad on Sunday to hold talks with the Pakistani side over the release of...
Pakistan’s liquid foreign reserves increase
KARACHI: The State Bank of Pakistan (SBP) here Thursday said the total liquid foreign reserves held by the country stood at $16,798.0 million on...
FBR enhances FED for locally produced cigarettes
ISLAMABAD: The Federal Board of Revenue (FBR) on Thursday issued a notification of the enhancement in the rates of locally produced cigarettes.
The notification available with this scribe...
PSX ends flat despite early gains
KARACHI: The Pakistan Stock Exchange (PSX) started the trading session on Tuesday on a positive note but failed to hold its ground and ended the...
Dubai Islamic Bank posts Rs1,853m profit after tax
KARACHI: Dubai Islamic Bank Pakistan Limited, a wholly owned subsidiary of Dubai Islamic Bank UAE, in its recent board meeting held in Dubai approved the...
More and more borrowers benefitting from relief package: SBP
The State Bank of Pakistan has said that more and more borrowers are benefiting from its relief package to extend loan principal repayments by...
Caretaker government proposes minibudget
Cut in expenditure, additional regulatory duties on the cards
Budget deficit widens to Rs2.1 trillion during July-May FY18
The finance ministry officials quoting estimates said during April and May 2018, the budget deficit widened Rs617 billion or 1.8 percent of GDP
