IMF links Pakistan bailout talks to FATF gray list
As Pakistan and the International Monetary Fund (IMF) insisted that they will meet again in coming weeks, sources close to the negotiation...
Weekly inflation up 0.42pc
ISLAMABAD: The sensitive price indicator (SPI) for the week ended November 15 increased to 0.42 per cent over the previous week, and...
ECC to decide on issues of surplus wheat, PPAF, PSM dues
LAHORE:Â A meeting of the Economic Coordination Committee (ECC) of the Cabinet will be held on Tuesday, 20 November 2018, stated a notification...
Pakistan to hold policy-level talks with IMF this week
IMF also likely to visit NAB, review anti-corruption framework
Engro Polymer signs $35m Ijarah-based financing facility with IFC
KARACHI:Â Engro Polymer and Chemicals Limited (EPCL) has announced financing of $35 million from International Finance Corporation to expand its production plant of...
Pakistan’s inflation rate ringing alarm bells amid financial turmoil
The inflation rate in Pakistan has always been on the high side since the last couple of years. The average Pakistani has...
PSX closes 510 points down on selling pressure
KARACHI: It wasn’t the best start to the week for investors at the Pakistan Stock Exchange (PSX), as the market came under selling...
CDNS unearths largest-ever ‘scam’ of Rs200 million
Internal control weaknesses, lack of reconciliation of data held in manual and computerized database led to the discovery of this fraud
The heir to Agha Hasan Abedi
How Abraaj’s downfall has echoes of the earlier scandal of BCCI’s collapse, and how it might impact the place of Pakistanis in global finance
PSX gains over 1,400 points in week despite protests
First time since April that all five sessions of the week closed in green
KARACHI:Â The Pakistan Stock Exchange (PSX) during the last...
Possible fraud causes banks to disable int’l ATM transactions
So far no other bank has reported any cyber attack or fraudulent activity within their accounts.
‘More investors needed to transform Pakistan’s capital market’
PSX chief says Pakistan will have to bring the capital market into documented economy.
KARACHI:Â Pakistan Stock Exchange (PSX) Chief Executive Officer Richard...
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.
Anti-Money Laundering 101: What businesses need to know
Earlier this year, Pakistan was put on the grey list of the international watchdog against money laundering and financing of terrorism -...
BankIslami becomes victim of $6.5 million cyber-attack
Transactions of approximately $6 million as claimed by the international payment scheme have been denied by the bank.