SECP issues anti-money laundering guidelines for non-profits
ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has issued the Anti-Money Laundering/Countering Financing of Terrorism (AML/CFT) guidelines for Non-Profit Organisations...
Revenue from cigarette industry surges by Rs88.54bn in 2017-18
KARACHI: On a report of the Public Accounts Committee (PAC) submitted on May 23, the National Accountability Bureau (NAB) has initiated an investigation...
PSX notice fixes spotlight on ‘politically exposed persons’ data
KARACHI: Pakistan Stock Exchange (PSX) has asked all brokers to provide information on ownership, the status of beneficial ownership, unique identification number...
PSX approves Byco Petroleum’s listing of Rs3,120mn Sukuk
The Pakistan Stock Exchange (PSX), according to a notification today on its website, has approved the Listing of the Privately Placed, Rated...
Al Baraka Bank forms alliance with Honda Atlas to facilitate auto-finance
Al Baraka Bank Pakistan Ltd. (ABPL) has recently signed a Strategic Alliance Agreement with Honda Atlas Cars Ltd. Through this venture, Al...
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...
Market Daily: KSE-100 gains 171.93 pts amid low volumes
LAHORE: The Pakistan Stock Exchange (PSX), after starting the trading session leaped up in the afternoon. Indices swayed in both directions until...
Amazon becomes second company after Apple to join $1 trillion club
Amazon.com Inc today joins Apple Inc in the $1 trillion club, becoming the second member of the group after its stock price...
Pakistan to approach IMF by Sept end, Citigroup predicts
ISLAMABAD: With a whopping $31 billion required in FY19 to meet its external financing requirements, Pakistan has been projected as “very likely...
ADB delegation calls on planning minister, assures support for development projectsÂ
ISLAMABAD:Â A delegation of Asian Development Bank (ADB) led by Central West Asian Department Director-General Werner Liepach called on the Minister for Planning,...
FDI increases to $233.8mn in FY2017-18
ISLAMABAD: Foreign Direct Investment (FDI) in Pakistan has increased to $233.8 million in the fiscal year of 2017-18 whereas, during 2010 to...
Petroleum division to approach NAB to investigate Pak-Qatar LNG deal
2nd LNG supply deal between Qatar and Pakistan highlights surprising terms and conditions for the buyer: sources
Appointment of FMU DG a herculean task as country faces FATF grey list challenge
ISLAMABAD: It could be a daunting task for the government to appoint the new Director General (DG) of Financial Management Unit (FMU),...
Pakistan only better than Myanmar, Bangladesh in ‘ease of doing business’
Ranks 147 out of 190 in the global list of ranked countries
Market Daily: Bears roar as PSX starts week in red
LAHORE: It wasn’t an ideal start to the week, but investors didn’t look surprised. Long hanging uncertainty over the country’s economic situation has...