Dollar rises to 128.75 as Rupee devaluation persists
KARACHI: The devaluation of the local currency against the US dollar continued in the interbank market on Tuesday as the greenback soared to an...
NADRA to give FBR a list of 1 mn individuals liable to pay tax: Miftah
ISLAMABAD: Though experts question the moral authority of the government to present the 6th budget, an announcement by the Khyber Pakhtunkhwa (KP) government has stated...
SBP issues banking sector’s half-yearly performance review
KARACHI: The State Bank of Pakistan (SBP) has issued the Half-Yearly Performance Review (HPR) of the Banking Sector for the 1st half of the...
Trump tariffs could sink Mexican peso to lowest point this year: analysts
Jesus Lopez, an analyst at the Banco Base, said it is difficult to envision a sustained appreciation of the currency because the country’s credit profile may continue to weaken.
Pakistan prepares to open banking channel with Iran
ISLAMABAD: While Pakistan remained cautioned and reluctant to increase trade ties with Iran during the past four years because of international trade sanctions on the...
Fauji Cement profit jumps 138pc to Rs696m in 1QFY21
LAHORE: The Board of Directors of Fauji Cement Company Limited (FCCL) met on Thursday to review the company's performance and announce its financial results for...
Dar announces reduction in petrol, diesel prices
ISLAMABAD
A day after resuming the ministry, Finance Minister, Senator Mohammad Ishaq Dar here on Saturday announced reduction in prices of petrol and diesel by...
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.”
Global Unicorn Club lists startups with market valuation of $1bn or more
CB Insights recently published the Global Unicorn Club which lists private companies from around the world which have a total cumulative market valuation of...
China’s Xi pledges $20 billion in loans to revive Middle East
The loans will fund a plan of “economic reconstruction” and “industrial revival” that would include cooperation on oil and gas, nuclear and clean energy, Xi said
SMEs urged to get listed with PSX
ISLAMABAD: The Islamabad Chamber of Commerce and Industry, in collaboration with the Pakistan Stock Exchange, organised an awareness programme to educate potential investors about the...
China’s Ant Financial looks to raise $8 billion from investors
HONG KONG/SINGAPORE: China’s Ant Financial Services Group is in talks with investors to boost its fundraising target to at least $8 billion, which could...
PTCL posts Rs96bn revenue for nine months 2020
Pakistan Telecommunication Company Limited (PTCL), the country’s leading telecom and ICT services provider, has announced its financial results for the nine months ended September...
Prospect of Fed cut pushing dividend investors into tech, energy
NEW YORK: An expected interest rate cut by the Federal Reserve later this month is pushing yield-oriented US fund managers further afield in search of...
Barclays ends partnership with cryptocurrency exchange Coinbase: sources
LONDON: Barclays is no longer providing banking services to major cryptocurrency exchange Coinbase, sources familiar with the matter told Reuters, ending a relationship that started...
