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...
Market Daily: KSE-100 index sheds 485 points
LAHORE: The Pakistan Stock Exchange (PSX) had another turbulent session on Thursday with negative triggers all around. On the economic front, the...
SECP amends PSX regulations governing offices/branch offices of brokers
ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) in the meeting chaired by the SECP chairman has accorded its approval for crucial...
Pakistan ‘unprepared’ to convince FATF’s team over 26-point action plan
ISLAMABAD: As a team of the Financial Action Task Force (FATF) has arrived here to evaluate the implementation on teh 26-point Action...