Rupee regains Rs1.42 interbank, nabs dollar hike
The local currency strengthens on the back of higher inflow of remittance due to Ramadan and the approaching festival of Eid
PRA extends date of payments, filing returns till April 30
LAHORE: Amid the coronavirus outbreak and lockdowns, the Punjab Revenue Authority (PRA) on Thursday extended the date of submission of payments and...
SBP reserves surge 10.85pc, stand at $8.05bn Â
The foreign exchange reserves held by the central bank increased by 10.85pc WoW, breaking a two-week losing streak, according to data released...
Creditor starts legal proceedings for Abraaj restructuring
Auctus is the second creditor, after Kuwait’s Public Institution for Social Security (PIFSS), to start legal action in the Cayman Islands, where Abraaj Holdings is registered
FINCA secures Rs800m Tier-II facility from PMIC
FINCA Microfinance Bank Pakistan (FMBP) has announced that it has secured an eight-year, Rs800 million Tier-II/subordinated bilateral loan facility from Pakistan Microfinance...
Fiscal deficit widens to 2.2pc in first six months
ISLAMABAD: The debt-ridden government of Pakistan spent Rs 796.3 billion, which is 2.2 per cent of the nation’s GDP, more than it...
Market Daily: PSX off to a positive start as market gains 157 points
LAHORE: The Pakistan Stock Exchange (PSX) started the week on a positive note. The indices moved uphill from the word go and...
K-Electric raises Rs25bn in Sukuk offering
With oversubscription of IPO portion of Sukuk by almost 2.5 times, the power utility was able to close the subscription two weeks ahead of schedule
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...
SECP approves PICIC Investment, Growth Fund conversion into open-end funds
KARACHI: The Securities and Exchange Commission of Pakistan (SECP) has approved the conversion of PICIC Investment Fund and PICIC Growth Fund being...
Race on to find replacement for Ishaq Dar
ISLAMABAD: Pakistan on Thursday began searching for a new finance minister a day after Ishaq Dar was relieved of his portfolio amid...
Market Daily: KSE-100 drops 201 points amid uncertain economic conditions
LAHORE: It was another dull day with low market participation. Indices swayed in both directions in the morning, but late selling forced...
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...
Financial sector remains resilient despite tightening of macro-financial conditions: report
State Bank of Pakistan’s (SBP) annual publication Financial Stability Review (FSR) suggests that the level of overall risks to financial stability, as measured by Financial Vulnerability Index, has bottomed out in the calendar year 2017.
PM has ordered to bring back laundered money, says Umar
ISLAMABAD: Minister of Finance Asad Umar remarked on Monday that Prime Minister Imran Khan has ordered to bring back money which has...