Exxon posts second straight quarterly loss on demand, price plunge
HOUSTON: Exxon Mobil Corp on Friday reported a $1.1 billion second-quarter loss on sharply lower energy demand and prices from the COVID-19...
ACCA urges govt to avoid ‘poor-value’ privatisations, encourage use of public sector balance sheets
LAHORE: The Association of Chartered Certified Accountants (ACCA) Pakistan has asked the government to avoid ‘poor-value’ privatisations which provide immediate cash but...
Govt obtained $10.6b in foreign loans in FY2019-20, including $3.373b commercial borrowings
ISLAMABAD: The government has obtained $10.6 billion foreign loans from multilateral and bilateral creditors during the financial year 2019-20. Out of this...
ECC decision on housing finance to be approved by Cabinet today
ISLAMABAD: The federal cabinet, scheduled to meet today (Tuesday) with Prime Minister Imran Khan will endorse the Economic Coordination Committee’s (ECC) decision...
AIIB approves $250m loan for Pakistan’s Covid-19 economic response
The Asian Infrastructure Investment Bank (AIIB) on Wednesday announced that its Board of Directors have approved a loan of $250 million to...
TPL Trakker to raise Rs1.38bn from IPO
The company will offer 115.7m shares in the IPO at a floor price of Rs12 per share
Covid-19: Telenor posts reduced subscriptions, revenues for 2nd quarter of 2020
Revenues drop from Rs26.2bn in the 2nd quarter of 2019 to Rs24.2bn
Financial intelligence provider Investors Lounge partners with US’s Benzinga to broaden coverage
LAHORE: Pakistan’s financial markets intelligence platform, Investors Lounge, has partnered with Benzinga, a financial media outlet in the United States (US) with...
Online medicine delivery startup emeds.pk secures six-figure seed investment
The digital pharmacy currently operates in Lahore and plans to branch out to other cities in the near futureÂ
Organic Meat Company closes IPO book-building
Pakistan first IPO of 2020 oversubscribed 1.7 times
SBP stresses active involvement of Pakistan Post to promote financial inclusionÂ
'Cross-country evidence indicates that post offices are likely to accommodate financial needs of individuals who are poor, less educated, or outside the labour force compared to conventional financial institutions'
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...
What the SECP’s new NBFC regulations mean for the industry
The regulator is seeking to add more teeth to the enforcement mechanism both for companies that offer consumers investment and insurance options as well as consumer access to credit.
SBP sells Rs112bn worth of PIBs
KARACHI: The State Bank of Pakistan (SBP) has raised Rs112 billion through the sale of Pakistan Investment Bonds (PIBs), according to a...
0.9mn borrowers benefit from SECP’s loan rescheduling permission to non-bank microfinance sector
ISLAMABAD: The Security and Exchange Commission of Pakistan (SECP)'s permission to Non-Bank Microfinance Companies (NBMFCs) to reschedule their loan portfolio not only...