Indian minister says no rethink on overseas sovereign bonds: report
NEW DELHI: India’s finance minister has ruled out reconsidering a plan to issue foreign currency overseas sovereign bonds, she was quoted as...
Customs Intelligence registers FIR against China Pakistan Tobacco for tax evasion
ISLAMABAD: Customs Intelligence has registered an FIR against the China Pakistan Tobacco Ltd, an industrial concern located in Export Processing Zone (EPZ),...
Govt plans to bring down circular debt to Rs225bn by December
ISLAMABAD:The incumbent government has embarked on an ambitious programme to cut down circular debt to Rs225 billion by December after it escalated...
China will pursue forex reserves diversification in prudent way
BEIJING: China will pursue the diversification of its foreign exchange reserves in a steady, prudent way, the country’s foreign exchange regulator said...
China FX regulator to relax exchange rules for commodities futures market
BEIJING: China’s foreign exchange regulator said on Sunday it will relax currency exchange approval rules for the commodities futures market.
China will also...
Pakistan raises $500 million through Islamic syndicated loan
DUBAI: The government of Pakistan has raised $500 million through an Islamic syndicated loan provided by a consortium of 12 banks, it...
Stocks shed 343 points amid lack of triggers
KARACHI:Â Trading floor at the Pakistan Stock Exchange (PSX) turned red on Friday owing to lack of positive triggers. Indices kept following the...
Twitter profits surge, user base sees growth
WASHINGTON: Twitter said Friday profits surged while its user base grew in a quarterly update that lifted its share price.
The short-messaging service...
Stocks stay flat in range-bound trading
KARACHI:Â The Pakistan Stock Exchange (PSX) ended flat on Thursday amid a range-bound and volatile trading session.
Continuing with the buying trend, foreign investors...
Telenor Microfinance Bank appoints Mudassar Aqil as CEO
The Board of Directors (BOD) of Telenor Microfinance Bank has appointed Mohammad Mudassar Aqil as the bank's new chief executive officer. He...
HBL posts Rs9.9bn profit before tax in first half 2019
HBL on Wednesday declared a consolidated profit before tax of Rs9.9 billion for the six months ended June 30, 2019, with earnings...
Bears return as KSE-100 drops 314 points
KARACHI:Â After posting gains for two consecutive sessions, the Pakistan Stock Exchange (PSX) once again went under the control of bears, as the...
Nissan warns of profit plunge, set to unveil 10,000 job cuts
YOKOHAMA: Nissan Motor Co Ltd warned on Wednesday that first-quarter profit tumbled around 90pc, a day before it is expected to announce...
ADB approves $50m additional contribution to expand CGIF’s operations
ISLAMABAD:Â The Asian Development Bank (ADB) has approved a $50 million additional capital contribution to support the guarantee operations of the Credit Guarantee...
PTC contributed Rs103.5bn to national exchequer in FY19
'With fiscal measures approved in budget 2019-20, illicit cigarette trade may increase from its existing 30pc share of the market'
ISLAMABAD:Â The Board...