Oil and gas reserves to end after 10 years, reveals petroleum division
ISLAMABAD: Senate Standing Committee on Petroleum was informed on Thursday that the country’s existing oil reserves will see an end only after 10 years...
Pakistanis lost millions of dollars in OneCoin scam
Pakistanis have been a victim to the world's biggest crypto-scam that jolted the digital scene this year.
According to a private media outlet,...
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...
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...
What the SECP’s new NBFC regulations mean for the industry
The regulator is seeking to add more teeth to the enforcement mechanism both for companies that offer consumers investment and insurance options as well as consumer access to credit.
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...
Bank Al-Habib expands into Kenya, opens representative office
LAHORE:Â Bank Al-Habib Ltd in an attempt to tap into the multibillion-dollar international transaction business in its first investment in Africa, has been...
NAB increases scrutiny, seeks proper documentation for major agreements
ISLAMABAD:Â The National Accountability Bureau (NAB) has asked the central and provincial governments to submit documents worth more than $28 billion of agreements...
Faysal Bank planning 200 new branches in Pakistan
As banks around the world shut branches and lay off tellers, Pakistan’s Faysal Bank is headed in the opposite direction in the...
Yen falls, Australian dollar gains as U.S.-China trade angst eases
Worries about Chinese economic growth and the trade row had pushed the offshore yuan to a 22-month trough of 6.9800 midweek.
PTCL posts Rs96bn revenue for nine months 2020
Pakistan Telecommunication Company Limited (PTCL), the country’s leading telecom and ICT services provider, has announced its financial results for the nine months...
Value of e-banking transactions registers quarterly growth of 28pc
KARACHI: Digital banking channels processed 186.7 million transactions worth Rs11.7 trillion in Oct-December 2017, according to data released by the State Bank...
Bank AL Habib declares Rs12.88bn profit before tax
The Board of Directors of Bank AL Habib Limited announced the financial results for the nine months period ended September 30, 2019.
The...
ECC decision on housing finance to be approved by Cabinet today
ISLAMABAD: The federal cabinet, scheduled to meet today (Tuesday) with Prime Minister Imran Khan will endorse the Economic Coordination Committee’s (ECC) decision...
Arif Habib Ltd to guarantee $11mn for Power Cement Ltd
Arif Habib Corporation Limited intends to make an additional investment worth $11 million in Power Cement Limited, an associated undertaking of the...