FIA to probe Dr Zafar Mirza over alleged involvement in masks smuggling
ISLAMABAD:Â The Federal Investigation Agency (FIA) has launched a probe into the alleged involvement of Dr Zafar Mirza in smuggling of 20 million...
Is Pakistani market ready for rate cut?
'SBP should consider the country's uncertain inflation outlook as well as the growing pressure on its currency'
Philip Morris posts Rs2.4bn operating loss for 2019
ISLAMABAD: Philip Morris (Pakistan) Limited (PMPKL) has announced an operating loss before tax of Rs2,444 million for the year ended December 31,...
SECP takes steps to increase investors’ protection
ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has taken range of measures in the year 2018-19 to identify and address...
India’s Yes Bank debacle jolts investors, customers and partners
BENGALURU/MUMBAI/NEW DELHI: Shares in India’s Yes Bank plunged on Friday as panicky depositors rushed to withdraw funds and payment partners faced outages after...
Current agreement with IMF to be last one: Asad Umar
ISLAMABAD:Â Federal Minister for Planning, Development and Special Initiatives Asad Umar on Thursday said that the current arrangement under the Extended Fund Facility...
BOK posts Rs1.3bn profit for 2019
PESHAWAR: The Board of Directors of The Bank of Khyber (BOK), during its 160th meeting on Wednesday, reported a Rs1,306 million profit...
ECC approves measures to boost remittances through banking channels
--Remittances transferred into bank accounts will be exempted from WHT from July 2020
--A National Remittance Loyalty Programme will be launched from Sept...
PSX places Adam Sugar Mills on defaulters’ list
LAHORE: The Pakistan Stock Exchange (PSX) on Wednesday placed Adam Sugar Mills Limited (ADAMS) on the defaulters’ segment for non-compliance of clause 5.11.1(i)...
Sanofi Aventis posts 75pc decrease in profit
LAHORE: The Board of Directors of Sanofi Aventis Pakistan Limited (SAPL) met on Tuesday to review the company's performance and announce its...
HabibMetro underperforms, posts nominal growth for FY19
KARACHI: The Board of Directors of Habib Metropolitan Bank Ltd (HMB) met on Thursday and Friday to review the bank’s performance and...
BOP earns Rs14bn profit before tax
The Board of Directors of The Bank of Punjab (BOP) on Friday announced the bank’s annual audited financial statements for the year...
Unilever Pakistan’s profit surges 41pc
LAHORE:Â The Board of Directors of Unilever Pakistan Foods Limited (UPFL) met on Friday to review the company's performance and announce its financial...
NBP reports 17pc fall in profit
KARACHI: The Board of Directors of National Bank of Pakistan (NBP) met on Friday to review the bank’s performance and announce its...
Standard Chartered profit jumps 43pc to record Rs16bn
KARACHI: The Board of Directors of Standard Chartered Pakistan met on Thursday and Friday to review the bank's performance and announce its...