Dollar rate increases in open market following rumours of rupee devaluation
KARACHI: The ongoing political situation in the country has increased the open-market dollar rate to Rs 107.50.
On the other hand, SBP Foreign Exchange Executive...
Stocks finish flat amid volatility
KARACHI: Investors of the Pakistan Stock Exchange (PSX) witnessed a jittery session on Wednesday, as the indices that opened positively declined by midday but later...
‘World less equipped to manage major financial crisis’, former IMF chief’s dire warning
Populism everywhere is the direct outcome of the 2008 financial crisis
The world is less well equipped to manage a major financial crisis today than...
Adviser to PM on Finance holds meeting with SECP, PSX
ISLAMABAD: Adviser to Prime Minister on Finance, Miftah Ismail held a meeting with the Securities and Exchange Commission of Pakistan (SECP) and Pakistan Stock...
10 banks sign deal to create Pakistan Corporate Restructuring Company
KARACHI: In a bid to revive sick industrial units,10 banks of the country signed an agreement to establish Pakistan Corporate Restructuring Company Ltd (PCRCL)...
Zimbabwe plans new currency as dollar shortage bites
HARARE: Zimbabwe will introduce a new currency in the next 12 months, Zimbabwe finance minister said, as a shortage of United States (US) dollars...
Engro Fertilizers’ profit increases 11.4pc to Rs18.56bn
LAHORE: The Board of Directors of Engro Fertilizers Limited (EFERT) met on Monday to review the company's performance and announce its financial results for the...
Hafeez Shaikh stresses need for fiscal discipline
PM's adviser says it is not his intention to scare anyone but to paint a realistic picture that can give the people an understanding...
PSX welcomes New Year with 929 points gain
KARACHI: The Pakistan Stock Exchange (PSX) welcomed the new year with a bang. The indices rallied as investors went out to hand pick blue chips...
Govt appoints Younus Dagha as Finance Secretary
ISLAMABAD: The federal government has appointed Mohammad Younus Dagha as Finance Secretary. Official notification in this regard was issued on Wednesday.
Younus Dagha will take his...
SBP injects Rs1,907 bn into money market
KARACHI: The State Bank of Pakistan (SBP) on Friday injected Rs1,907.250 billion into the money market for seven days as reverse repo purchase through...
Short-term public debt increased 44.2pc by end of FY 2016-17
Islamabad: A local newspaper reported a massive surge in short-term public debt share in total domestic debt to Rs6.6b or 44.2pc by end of...
SECP prescribes risk management, control guidelines for fund management industry
ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has prescribed risk management and control guidelines for Asset Management Companies (AMCs). The purpose of...
Gunning for capital growth
Introducing equity investment in Pakistan, Capventures brought $5 million as FDI to Pakistan from the UK, the UAE and Hong Kong – yet kept...
Former KASB Bank sponsors submit objections to SBP
State Bank of Pakistan (SBP) used its regulatory powers under Section 47 of the Banking Companies Ordinance 1962 to merge KASB Bank with and into BankIslami Pakistan Ltd (BIPL) in May 2015 at a token price of Rs1,000 on the basis of the valuation conducted by the audit firm.
