FBR disappointed over dull response from amnesty scheme
LAHORE: The Federal Board of Revenue (FBR) Chairperson Rukhsana Yasmin on Monday said that the response to the amnesty scheme announced at...
Market Daily: KSE 100 falls 605 points falling below 40k mark
LAHORE: In the aftermath of central bank increasing its policy rate ahead of a tense national vote to 7.5 per cent from...
PKR–US$ exchange rate adjusts in the interbank market
KARACHI: The Rupee-Dollar exchange rate in the interbank market closed at Rs128.0 per US dollar against the closing level of Rs121.55 per...
Former PM allegedly involved in Rs280m contract award against OGRA rules
ISLAMABAD: Former Prime Minister Shahid Khaqqan Abbasi is allegedly involved in the award of a $280 million worth contract for the 427km...
Furniture council donates Rs1m to Daimer-Bhasha, Mohmand dams fund
ISLAMABAD: The Pakistan Furniture Council (PFC) Chief Executive Mian Kashif Sunday announced that PFC would contribute Rs1 million for the fund for the...
UAE court dismisses criminal case against Abraaj’s chief
A United Arab Emirates (UAE) court on Sunday dismissed a criminal case against the head of the embattled Abraaj private equity group...
Manifestos of major political parties lack immediate solution to economic issues
ISLAMABAD: Though the political parties realise the grave economic situation of the country, they have not shared their strategy of dealing with the...
SCO, PTCL sign agreement to provide connectivity between China, Pakistan
The project's total cost is projected at $44 million and 85 per cent of the loan has been provided by Exim Bank of China at a discounted rate
SBP may increase 50bps to 7 per cent discount rate, analysts suggest
Market analysts expect a hike of further 200bps in 2nd half of 2018, which will take SBP’s policy rate to 8.5 per cent by December 2018
Finance Ministry to provide ‘real picture’ of public debt: Shamshad
Dr Shamshad said public debt mainly increased due to fiscal deficit, IMF loan, balance of payments requirements and rupee depreciation against the dollar.
Pakistan’s foreign reserves fall by $309m to $9480m
Foreign exchange reserves held by SBP decreased by $309 million to $9,480 million due to external debt and other official payments, SBP noted.
Election 2018: Political parties release specific plans for CPEC
ISLAMABAD: With the General Election 2018 around the corner, almost all major political parties have come up with their respective election manifestos...
SECP approves PICIC Investment, Growth Fund conversion into open-end funds
KARACHI: The Securities and Exchange Commission of Pakistan (SECP) has approved the conversion of PICIC Investment Fund and PICIC Growth Fund being...
Market Daily: Bulls hungry as KSE-100 jumps 288 points
LAHORE: Indices at the Pakistan Stock Exchange (PSX) had a better day on Thursday compared to the previous session on Wednesday despite...
JD.com’s finance affiliate raises $2 billion, more than doubles valuation
JD Finance will reach a valuation of 133 billion yuan ($19.8 billion) after the closing of the fundraising, it said in a statement