PKR plunges to Rs164.06 against US dollar
Pakistani Rupee (PKR) continued with its declining trend on Thursday, as it depreciated by another Rs1.9 against the US Dollar (USD) in...
Dearth of economic experts in Finance Ministry irks PM
‘There is not a single ministry official who holds a PhD degree in the field of economics and finance’
‘Secretaries have...
SBP allows one-year moratorium on consumer loans’ principle
KARACHI: In a major development keeping in view the coronavirus situation, the State Bank of Pakistan (SBP) has said that banks and...
Why the Pakistan Banao Certificates are a bad investment
My first job out of college was at a brokerage firm in New York whose offices were just two blocks north of...
PTI’s economic team to be largely Karachi-centric
The appointments of heads of key financial institutions are also expected to be from Karachi, the economic hub of the country.
TPL Trakker to raise Rs1.38bn from IPO
The company will offer 115.7m shares in the IPO at a floor price of Rs12 per share
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?
BankIslami becomes victim of $6.5 million cyber-attack
Transactions of approximately $6 million as claimed by the international payment scheme have been denied by the bank.
SBP governor hints further devaluation of rupee
ISLAMABAD: As the experts have already expected a further decrease in the value of Pakistani currency against the dollar, the State Bank of...
Virus lockdown: Gul Ahmed reports Rs8bn loss in revenue
LAHORE: The retail stores of Gul Ahmed Textile Mills Limited (GATM) across the country had remained closed for approximately eight weeks, owing...
Organic Meat Company closes IPO book-building
Pakistan first IPO of 2020 oversubscribed 1.7 times
National Savings announces increased profit rates
The Central Directorate of National Savings (CDNS) today issued a notification that it has revised profit rates on different schemes, effective from...
Asad Umar considers massive privatisation drive via ‘wealth fund’
ISLAMABAD: Asad Umar, the man most likely to be the next finance minister of Pakistan, in an interview with the Financial Times,...
Omer Ismail makes it to Fortune’s most influential under 40 list
Omer Ismail, a Pakistani finance professional, has been named in Fortune's Most Influential Under 40 List for 2019.
The 39-year-old is the only...
Pakistan’s private equity potential
Profit explains what private equity is, and talks to some of the major stakeholders about the future