SECP intensifies efforts against terror financing
ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has intensified its efforts to combat terror financing and money laundering. On the...
Market Daily: Indices in red as political uncertainty prevails
LAHORE: To add to the economic uncertainty came political trouble. As protestors march towards the Federal Capital Islamabad, investors sell at the...
Pakistan’s leading lock screen app Slide set to be acquired by S.Korean Buzzvil
The application that raised $1.2 million as seed round and $3.6 million in Series A funding had over 7 million users as of February 2018 since its launch in Pakistan and India in 2015
PIA’s financials crash amid mismanagement, interdepartmental conflicts
LAHORE: Pakistan International Airlines (PIA) faces a loss before tax of Rs54.2 billion for the eleven month period from September 2017 to...
CLSA Ltd returns to Pak after 17 years, buys minority stake in Alfalah securities
KARACHI: The Hong-Kong based CLSA, the CITIC Securities Company, entered into a joint venture with Bank Alfalah today, to buy a 24.9...
Actis bids for Abraaj’s emerging market funds, claim sources
Abraaj received bids this week to manage funds and is expected to close the deal by the end of the year
DUBAI: Actis,...
IFC, SBP to boost green banking
KARACHI: International Finance Corporation (IFC), the World Bank's private sector investment arm and the State Bank of Pakistan (SBP) on Wednesday signed...
World Bank asks PTI govt to pitch for long-term policies, human development
ISLAMABAD: The World Bank has advised the newly-elected government to maintain long-term policies for the private sector to maintain higher economic growth...
Toyota to pour $500 million in driverless cars with Uber for 2021 rollout
Toyota will pump about $500 million into Uber as part of a deal to work together on mass-producing self-driving vehicles, the Japanese...
Systems Limited half-yearly profits increase by 63pc
Systems Limited reported a commendable increase of 63 per cent in half-yearly profits on a year-on-year basis, mainly due to top line increment...
Fatima Fertilizer’s gross profits jump 68pc amid decreasing cost of sales
Despite a 2 per cent reduction in Fatima Fertilizer Company’s sales, its bottom line rose up significantly, due to decreased cost of...
Soneri Bank’s half-yearly profits increase by 20.2 pc
Soneri Bank Limited’s profits for the half-year ended on June 30, 2018, have increased by 20.2 per cent as the company reported...
IGI Life reports massive 70pc decline in half-yearly profits
IGI Life insurance reported a 70 per cent drop in half-yearly profits due to a reduced net premium/contribution revenue.
In a Board of...
Jahangir Siddiqui & Co’s profits decline by 3.12pc
Jahangir Siddiqui & Co. Ltd’s profit for the half year ended June 30, 2018 has declined by 3.12 per cent over the...
CCP directs Lahore-based restaurant to stop use of ‘Starbucks’ logo
KARACHI: The Competition Commission of Pakistan (CCP) has issued an interim order directing a Lahore-based café, Options International (SMC-Pvt.) Limited, to immediately...