Khushhali bank to force convert its hybrid debt into equity. But is it fair?
Khushhali Microfinance Bank might become the first institution to convert its Additional Tier 1 bonds to common equity. But what are the implications of this conversion?
Pakistan secures only 36% of external financing in 10MFY23
Pakistan secured only $8.12b, against a target of $22.81b in the first ten months of current fiscal year
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China approves rollover of $2b SAFE deposits
IMF puts pressure on Pakistan to bridge $6b gap, urges bilateral partners to fulfill commitments
World Bank’s IFC to invest about $73m in Mahindra’s last mile mobility unit
BENGALURU: Indian automaker Mahindra and Mahindra Ltd said on Wednesday that World Bank’s private investment arm, International Finance Corp (IFC), will invest...
Saudi Aramco earns $161bn profit for 2022
Saudi Aramco said on Sunday it achieved "record" profits totalling $161.1 billion last year, drawing an outraged response from activists warning about...
Promised funds of $20.073bn face delays
As the cash-strapped nation eyes assistance from friendly countries and the International Monetary Fund (IMF), the Economic Affairs Division (EAD) has revealed...
SBP’s shariah compliant liquidity explained
KARACHI: The State Bank of Pakistan (SBP) announced the introduction of Shariah compliant Standing Ceiling Facility and Open Market Operations (OMO) injections...
Coinbase says hackers stole cryptocurrency from at least 6,000 customers
Hackers stole from the accounts of at least 6,000 customers of Coinbase Global Inc, according to a breach notification letter sent by...
Pakistan’s private equity potential
Profit explains what private equity is, and talks to some of the major stakeholders about the future
Saudi Aramco’s debt-to-equity ratio more than doubles in 2020
DUBAI: Saudi Arabian oil giant Aramco’s net debt-to-equity ratio more than doubled to 55pc in 2020 from 26pc a year earlier, the...
Philip Morris Pakistan posts Rs1.76bn profit for 2020
Philip Morris (Pakistan) Limited has announced a profit after tax of Rs1,765 million for the year ended 31st December 2020 as compared...
Agha Steel posts 1.05bn profit for July-Dec FY21
Agha Steel Industries on Monday announced its financial results for the half year ended on 31st December 2020.
The company announced a cumulative...
PPL’s half-year profit rises 7pc to Rs26bn
The consolidated profit of Pakistan Petroleum Limited (PPL) increased almost 7pc to Rs26.10 billion in the half-year period ended December 31, 2020,...
K-Electric reports half-year profit of Rs6.8bn
The Board of Directors of K-Electric Ltd (KE) recently approved the company's financial results for the half-year ended December 31, 2020.
KE has...