Why Chinese banks are turning wary of Pakistan loans
Chinese banks have increased their commitment to Pakistani sovereign loans in recent years and policy lenders China Development Bank and the Export-Import Bank of China (Chexim) are playing a leading role in financing CPEC's construction of ports, power stations and transport links.
Tussle intensifies between PIA management, finance department
LAHORE: Pakistan International Airlines (PIA) management and its finance department seem to be at loggerheads in the aftermath of a letter written...
Sindh, Summit bank’s chiefs hope for complete merger before September
On the intervention of the Supreme Court of Pakistan, the share ratio for the merger has been fixed at 8.37 Summit Bank shares for one share of Sindh Bank
Market Daily: Bulls in control as Imran becomes PM
LAHORE: It was an exciting day for the investors of the Pakistan Stock Exchange (PSX) where bulls finally gave up on sleep...
Asia Pacific delegation finds ‘deficiencies’ in Pakistan’s FATF action plan
ISLAMABAD: A six-member visiting delegation of the Asia Pacific Group (APG) has found some deficiencies in Pakistan’s systems, agencies, and laws to...
Pakistan must beware of an easy Chinese bailout, says Bloomberg
As former cricket star Imran Khan prepares to take his oath as Pakistan’s new prime minister Saturday, there’s one thing he must be...
CPEC ‘curtailment’ under stricter IMF programme, warns Fitch
ISLAMABAD: The US pressure could lead to ‘stricter’ conditions by the International Monetary Fund (IMF) to bail out Pakistan, including curtailment of...
Dubai court appoints Deloitte as liquidators to wind up Abraaj Capital
DUBAI: A Dubai court has appointed provisional liquidators to wind up Abraaj’s unit based at Dubai International Financial Centre (DIFC) after a...
FFC Annual Report 2017 awarded 1st position by ICAP/ICMAP
ISLAMABAD: Fauji Fertiliser Company (FFC) Annual Report 2017 has been declared number one by the Institute of Chartered Accountants of Pakistan (ICAP)...
Descon CEO quits own company, becomes PM’s aide
LAHORE: Descon Engineering Limited's chairman, Abdul Razzaq Daud, today resigned from his own company to join the incoming government on the special...
Engro Corporation’s revenue up by 37pc n 1H 2018
KARACHI: Pakistan’s premier conglomerate, Engro Corporation (PSX: ENGRO) announced its financial results for the half year ended June 30, 2018. The company...
Nestlé Pakistan records 4.24pc revenue growth in H1 2018
KARACHI: Nestlé Pakistan recorded a revenue growth of 4.2 per cent for the six months ended on June 30, 2018 with an...
Govt institutions evaluate possibilities to bring looted money from abroad
ISLAMABAD: As the finance minister-in-waiting Asad Umar has announced to establish a task force for bringing back looted money from abroad, the...
Summit Bank to be merged with Sindh Bank by August 31
KARACHI: The board meeting of the Summit Bank has finally decided to merge with the Sindh Bank after a final meeting with...
India’s Cosmos Bank loses $13.5mn in cyber attack
MUMBAI: Cybercriminals hacked the systems of India’s Cosmos Bank and syphoned off nearly Rs944 million ($13.5 million) through simultaneous withdrawals across 28...