Sindh, Summit bank’s chiefs hope for complete merger before September
On the intervention of the Supreme Court of Pakistan, the share ratio for the merger has been fixed at 8.37 Summit Bank shares for one share of Sindh Bank
Stocks continue to lose ground, index closes 485 points lower
KARACHI: It was just another dull start to the trading week at Pakistan Stock Exchange (PSX) where indices dropped, volumes narrowed and trading remained range-bound.
Internal...
Bears in control as KSE-100 sheds another 380 points
KARACHI: Bearish sentiments surrounded the Pakistan Stock Exchange (PSX) on the last trading session of the week, as indices bled all day long amid...
Stocks continue to bleed as KSE-100 drops 723 points
KARACHI: The Pakistan Stock Exchange (PSX) bled for yet another session, as the indices again recorded a fresh 52-week low on Wednesday, causing the...
Pakistan asks Germany, UK for debt relief
ISLAMABAD: Following up on his call for a ‘Global Initiative on Debt Relief’, Prime Minister Imran Khan on Tuesday held a telephonic conversation with German...
SECP continues enforcement drive against insurers
Islamabad: The Securities and Exchange Commission of Pakistan (SECP) has concluded adjudication proceedings against six insurance companies in July and August 2017.
Orders were issued...
Bankers meet Miftah Ismail, share budget proposals for banking sector
ISLAMABAD: A delegation of Pakistan Bankers Association had a meeting with the Adviser to the Prime Minister on Finance, Miftah Ismail here on Tuesday....
KSE-100 closes flat in range-bound trading
KARACHI: The Pakistan Stock Exchange (PSX) failed to carry forward its positive momentum and ended a range-bound session on Tuesday flat.
Foreign investors closed the...
Mega Conglomerate to launch Rs10 bond, expects its value to reach Rs1mn in five years
LAHORE: Mega Conglomerate Private Limited (MCPL) Chairman Habibullah Khan, in an interview with Profit recently, announced his plans to launch a Mega bond.
The bond is...
Global economy to expand by 3.1pc in 2018, slower growth seen ahead
ISLAMABAD: Despite the recent slowdown, global economic growth will remain robust at 3.1 per cent in 2018 before lagging gradually over the next two...
PSX approves Byco Petroleum’s listing of Rs3,120mn Sukuk
The Pakistan Stock Exchange (PSX), according to a notification today on its website, has approved the Listing of the Privately Placed, Rated and Guaranteed...
Market Daily: PSX puts up weak show as KSE-100 closes in red
LAHORE: The Pakistan Stock Exchange (PSX) trailed regional and world markets and put up a weak show on Wednesday. A plunge in the Turkish...
Pakistan suggests ADB strengthen its resident mission
“The ADB may also further strengthen its capacity to support social sector, help expand private sector, operations including Public-Private-Partnerships (PPPs), enabling development member countries to address these challenges,” Economic Affairs Division Secretary Syed Ghazanfar Abbas Jilani said
UAE bank adds Pakistan to ‘remit in 60 seconds’ service
Emirates Islamic says that its 60 second online fund transfer service QuickRemit is now available for remittances to Pakistan
Emirates Islamic has announced that its...
UBL issues clarification against its president being placed on ECL
KARACHI: Recently, a false impression has been created in certain sections of the media that the President and CEO of UBL has been placed...
