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...
FINCA secures Rs800m Tier-II facility from PMIC
FINCA Microfinance Bank Pakistan (FMBP) has announced that it has secured an eight-year, Rs800 million Tier-II/subordinated bilateral loan facility from Pakistan Microfinance...
Fitch affirms Pakistan at ‘B-‘ with stable outlook
LAHORE:Â International credit rating agency Fitch Ratings has affirmed Pakistan's Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'B-' with a 'Stable Outlook'.
In a...
Exports, imports suffer heavily as cargo transporters’ strike continues
KARACHI: Imports and exports have fallen heavily as angry cargo and goods transporters have continued their strike for 8th day against axle...
Investment in country increased by 78%, claims Minister Hammad AzharÂ
LAHORE: Minister for Economic Affairs, Hammad Azhar has said that investment in the country has increased by 78 percent due to the...
FBR’s poor performance angers Hafeez Sheikh
ISLAMABAD: Adviser to the Prime Minister on Finance Dr Abdul Hafeez Sheikh is not happy with the performance of the Federal Board...
Additional Rs209 billion collected in first 5 months: FBR
ISLAMABAD: The Federal Board of Revenue (FBR) says it collected additional Rs209 billion during the first five months of this fiscal year...
Malaysian minister assures full cooperation to promote bilateral trade
KARACHI: Malaysian Minister for Primary Industries Teresa Kok Suh Sim has assured the Pakistani business community of all possible cooperation for the...