Usage of Chinese yuan in Pakistan, other BRI countries on the rise
BEIJING: The Belt and Road Initiative (BRI) has fueled the yuan's internationalisation, particularly in the past two to three years as work...
SBP governor Tariq Bajwa, FBR chief Jahanzeb Khan shown the door
In a late night move, the federal government on Friday removed State Bank of Pakistan (SBP) Governor Tariq Bajwa and Federal Board...
Stocks continue to bleed as index sheds another 424 points
KSE-100 Index lost 1,007.68 points or -2.71pc in the outgoing week
KARACHI:Â Continuing with the downfall, Pakistan Stock Exchange (PSX) ended the last...
SBP reserves fall 2.4pc, stand at $8.8bn
The foreign exchange reserves held by the central bank declined 2.43pc on a weekly basis and were recorded at $8.8 billion, according...
‘Financial literacy to become part of new curriculum’
ISLAMABAD:Â Education Minister Shafqat Mahmood has shed light on the importance to inculcate financial discipline, savings culture and investment benefits among the youth...
IDB committed to enhancing economic cooperation with Pakistan
ISLAMABAD:Â Islamic Development Bank (IDB) President Dr Bandar M H Hajjar said on Thursday that the bank would extend all possible cooperation for...
Shell profit edges higher to $6bn in first quarter
LONDON:Â Energy giant Royal Dutch Shell on Thursday said net profit edged higher to $6 billion in the first quarter, with the advance...
KSE-100 drops 236 points amid dull trading
KARACHI:Â Bearish trend prevailed at the Pakistan Stock Exchange (PSX) on Thursday, as the indices continued to slip amid low volumes. Foreign investors...
Petrol prices remain unchanged, at least for now
In its summary, OGRA had suggested Rs14.37 per litre increase in petrol prices, Rs4.89 per litre increase in diesel prices, Rs7.46 per litre in kerosene oil and Rs6.40 per litre hike in Light diesel prices.
Bank AL Habib’s profit before tax increases 30.5pc in 1st quarter
The Board of Directors of Bank AL Habib Limited announced the financial results for the period ended March 31, 2019.
As per the...
BankIslami posts Rs251m profit after tax in 1st quarter 2019
The Board of Directors (BoD) of BankIslami has approved the bank's first quarter financial statements for the period ended March 31, 2019.
The...
KSE-100 ends 301 points higher amid volatile trading
KARACHI:Â The Pakistan Stock Exchange (PSX) witnessed a volatile session on Thursday, as indices kept swinging between the red and green zones all...
MCB Bank reports 24pc growth in profit before tax
The bank declares an interim cash dividend of Rs4 per share for the 1st quarter of 2019
The Board of Directors of...
HBL’s profit increases 14pc to Rs8.4bn in 1st quarter 2019
HBL on Wednesday declared a consolidated profit after tax (PAT) of Rs3.2 billion with earnings per share of Rs2.08 for the first...
Respite for PSX as index closes 100 points higher
KARACHI:Â The Pakistan Stock Exchange (PSX) changed its direction on Wednesday, as indices managed to recover losses from the preceding session. Foreign investors...