PTCL

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

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...
PSDP

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...
Ministry of Finance

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...
Digital payments

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

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...