Govt releases Rs2.156bn for Finance Division projects
ISLAMABAD: The government has released Rs2,156.118 million for various projects of the Finance Division under the Public Sector Development Programme (PSDP 2018-19)...
SBP rebuffs statements attributed to Governor Bajwa, terms them ‘misleading’
ISLAMABAD: The State Bank of Pakistan has rebuffed a news report entitled 'Pakistan has come out of financial crisis: SBP governor' published on...
Stock market ends lower amid lacklustre trading
KARACHI:Â The investors of Pakistan Stock Exchange (PSX) witnessed another bumpy session on Friday, as the indices kept oscillating in both directions before...
Pakistan out of financial crisis, says EAD official
'Japan, Germany, Turkey, are also in the queue to invest in Pakistan'
Pakistan is finally out of its precarious financial situation due...
SME financing by banking industry reaches historic level of Rs500bn
Growth in SME financing was more prominent in the last six months of 2018, wherein it registered an increase of 25pc
ISLAMABAD:...
PSX closes 267 points lower amid dull trading
Cement sector lost 2.1pc after India imposed 200pc customs duty on all items imported from Pakistan
KARACHI:Â Investors preferred to stay away from...
Saudi Prince Salman’s visit to revitalise economy: PM Khan, Umar
Prime Minister Imran Khan says Crown Prince Muhammad Bin Salman's visit to Pakistan is a manifestation of the strength of bilateral and...
Saudi company ACWA to invest $4bn in Pakistan’s renewable energy sector
ISLAMABAD: Saudi power producing company ACWA Power on Sunday expressed its willingness to invest around $4 billion in Pakistan’s renewable energy sector.
This...
Saudi oil refinery in Gwadar to help Islamabad save $3bn a year
The refinery would produce up to 300,000 barrels per day once completed
Govt seeks services of financial advisors to launch Panda Bond
ISLAMABAD:Â The Ministry of Finance has sought the services of financial advisors, as it wants issuance of Pakistan's first renminbi-denominated bonds to raise...
SECP defers applicability of IFRS 9
ISLAMABAD:Â The Securities and Exchange Commission of Pakistan (SECP) has deferred the applicability of the International Financial Reporting Standard (IFRS) 9 "Financial Instruments"...
PSX closes flat amid low turnover
KARACHI:Â The Pakistan Stock Exchange (PSX) ended the last session of the week slightly negative, as indices kept trading in red amidst low...
Chinese envoy meets PM; says next CPEC stage to focus on investing, buying more from Pakistan
ISLAMABAD: Chinese Ambassador in Pakistan Yao Jing met Prime Minister Imran Khan on Thursday and said the next stage of China Pakistan...
Saudi crown prince’s visit to ease Pakistan’s financial crunch: FT
Renowned international publication Financial Times says the upcoming visit of Saudi crown prince Mohammed bin Salman to Islamabad will further ease the...
KSA to invest $322m in five hydropower projects of Pakistan
ISLAMABAD:Â Apart from making investments in the oil and mineral sector, Saudi Arabia will also make an investment of SR1.207 billion ($322 million)...