Agri credit disbursement increased to Rs972.6b
KARACHI: Banks have disbursed Rs972.6 billion for the fiscal year 2017-18. The current year’s disbursement is 38.1 per cent higher than the...
SECP holds workshop on insurtech for inclusive insurance
ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has organised a workshop on Insurtech (Insurance Technology) for Inclusive Insurance: Opportunities and...
Pakistan likely to borrow more than $4b from Saudi bank
ISLAMABAD:Â A Saudi-backed Islamic Development Bank (IDB) is poised to lend Pakistan more than $4 billion to revive the nuclear nation's depleting foreign...
CPEC ushers Pakistan into new industrialization phase: China Daily
BEIJING: Pakistan, under China-Pakistan Economic Corridor (CPEC), has entered the industrialization phase and with renewed conviction, the country can rely on the...
Finance minister-in-waiting given dossiers to tackle economic challenges
ISLAMABAD: The incumbent Minister of Finance has given important dossiers to the finance minister-in-waiting in the coming PTI-led government, Asad Umar, regarding...
Market Daily: Bulls lose ground as KSE-100 sheds 28.27 points
LAHORE:Â It was another roller-coaster ride for investors of the Pakistan Stock Exchange (PSX) as indices traded within a narrow range. The range...
SBP develops governance framework for overseas operations of banks
LAHORE: Amid the increasing scrutiny in which financial transactions within and outside the country take place, especially with Pakistan's placement in the...
Pakistani owners of UK properties served FBR notices
ISLAMABAD: Starting Monday, the Federal Board of Revenue (FBR) commences issuing notices to the Pakistanis who were known to have purchased various properties...
Summit–Sindh Bank merger takes another turn, share swap ratio revised again
Ahsan Raza Durrani appointed as acting president and chief executive officer/executive director as Sindh Bank-Summit Bank merger has come under scrutiny due to alleged financial irregularities.
Market Daily: Interest seen in select sectors, KSE-100 gains 300 points
Overall, the KSE-100 fell to day’s low of 42,453.88 with the loss of 57.17 points in early trade. It later added 349.27 points and touched intraday high of 42,854.32.
Exchange companies exploit general public with Eid up ahead
During the outgoing week, currency dealers have been earning Rs7 to Rs9 per dollar by buying US currency as low as Rs114-117 per dollar and selling the same at Rs122-123.
Wall Street eyes more gains from Apple, its $1 trillion stock
NEW YORK: Shares in Apple Inc edged higher on Friday but stayed close to the $1 trillion valuation milestone the iPhone maker reached...
FPCCI reproves US opposition to IMF bailout for Pakistan
ISLAMABAD: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) President, Ghazanfar Bilour on Sunday expressed annoyance over US opposition to the...
China will not accept US trade ‘blackmail’: state media
BEIJING/SINGAPORE: China’s state media said on Saturday the government’s retaliatory tariffs on $60 billion of US goods showed rational restraint and they...
Experts confident in state of economy, markets despite jittery history
PSX’s post-election rally hit a brick wall just when US Secretary of State Mike Pompeo poured cold water on the IMF plan.