IMF brings down revenue target to Rs4.8tr
–Sources say govt may increase petroleum development levy to meet revised target
–Govt tells IMF it cannot increase gas prices or impose additional...
PTCL’s net profit decreases 14.5pc to Rs6.3bn
LAHORE: The Pakistan Telecommunication Company Limited (PTCL) has posted PTCL Group and PTCL’s net profit at Rs2.4 billion and 6.3 billion, respectively.
The...
Bitcoin breaches $10,000 to hit highest level since October
Bitcoin is back above $10,000. The largest cryptocurrency’s recent upward momentum carried it past that psychologically significant level on Sunday for the first...
Shahtaj Sugar Mills reports 119pc surge in net profit
LAHORE: The net profit of Shahtaj Sugar Mills Limited (SHJS) increased by 119.4pc for the company's first quarter ended December 31, 2019.
According...
IMF asks to fully utilise PSDP budget
ISLAMABAD: The International Monetary Fund (IMF) has asked the federal government to fully utilize the current fiscal year development budget under the...
Allied Bank’s profit after tax grows 11.2pc to Rs14.5bn
LAHORE: The Board of Directors of Allied Bank met on Friday to review the bank’s performance and announce its financial statements for the...
MCB Bank’s profit before tax grows 25pc, crosses Rs40bn mark
The Board of Directors of MCB Bank Limited met under the chairmanship of Mian Mohammad Mansha on Tuesday to review the bank’s...
Govt borrowed Rs4.11tr to finance budget deficit, clarifies ministry
ISLAMABAD: Challenging the media reports of Rs11.61 million borrowings, the federal government clarified on Sunday that it had borrowed only Rs4.11 trillion...
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...
ICI Pakistan’s consolidated profit after tax increases 124pc
The ICI Pakistan Limited's Board of Directors has announced the company’s financial results for the six-month period ending December 31, 2019.
On a...
FFC posts Rs17.1bn net profit for 2019
Fauji Fertilizer Company Limited (FFC) has announced its financial results for the year 2019, declaring a net profit of Rs17.11 billion which...
Bank AL Habib declares Rs11.17bn profit after tax
The Board of Directors of Bank AL Habib Limited (the Bank) has announced the financial results for the year ended December 31,...
Board to ensure implementation of AML/CFT rules in savings schemes
ISLAMABAD: In a bid to comply with the requirements of the Financial Action Task Force (FATF), the government has constituted a five-member...
Pakistan adopts roadmap towards cashless society despite challenges: report
ISLAMABAD: A roadmap has been brought in practice in the government's circles to take Pakistan towards a cashless society, Gwadar Pro Mobile...
CDNS to be safeguarded against ill-gotten money, terror financing: MoF
ISLAMABAD: The Finance Division, through the promulgation of National Savings Schemes (AML-CFT) Rules, 2019, has decided to engage an AML-CFT compliant bank...