Another bailout package with IMF on the cards
ISLAMABAD: Although the government of Pakistan Muslim League Nawaz (PML-N) avoided another loan from the International Monetary fund (IMF) by the end of...
Abraaj in doldrums, as Kuwaiti creditor refuses deal, may prompt provisional liquidation
Sources said the standstill agreement was needed to help facilitate the sale of its investment management business to Cerberus.
Global economy to expand by 3.1pc in 2018, slower growth seen ahead
ISLAMABAD: Despite the recent slowdown, global economic growth will remain robust at 3.1 per cent in 2018 before lagging gradually over the...
Finance Minister Dr Shamshad Akhtar directs FBR to up its gameÂ
ISLAMABAD: The Minister for Finance, Revenue, Economic Affairs, Statistics and Planning and Development Dr Shamshad Akhtar chaired a meeting here on Wednesday to review...
PM directs Finance Division for long-term structural reforms for next govt
ISLAMABAD: Prime Minister Justice (Retd) Nasir-ul-Mulk Wednesday directed the Finance Division to formulate a comprehensive strategy containing immediate measures and a blueprint for long-term...
External financing to reach over $11.6bn in 2018-19
KARACHI: The total inflows of external financing are expected to the tune of over $11.653 billion during the upcoming fiscal year (2018-19).
“Total...
Abraaj expects deal on secured debt, Kuwaiti creditor holds out
Dubai-based Abraaj Holdings is trying to push through a sale of Abraaj Investment Management to New York-based Cerberus Capital Management as it tries to stem the fallout from allegations it misused investor money in a $1 billion healthcare fund
Market Daily: KSE 100 starts positive, increases by 381.10 points
LAHORE:Â The Pakistan Stock Exchange (PSX) marked a positive beginning to the week. The weekend brought in the news of a smooth transfer...
Amnesty scheme needs to be extended to reap benefits, experts believe
Amidst uncertainty especially after the scheme being challenged in Supreme Court of Pakistan (SCP), no considerable amount has been repatriated under the scheme except around Rs10 billion declared through tax amnesty domestically so far.
Profit repatriation rises to $1.773b in July-April FY18
Power sector recorded the highest FDI inflow $750 million and payments on FDI touched $180 million during July-April FY18
NAB files reference in Rs100mn illegal investment by NICL
National Accountability Bureau (NAB) on Friday filed a reference against 13 accused persons of National Insurance Company Ltd (NICL) and First Dawood Investment Bank Ltd (FDIBL).
Colony NorthStar ends talks with Abraaj to acquire fund management unit: Report
Reuters on Thursday reported creditors were seeking legal advice from law firm Clifford Chance on the potential action they could initiate against Abraaj in wake of worries over its ability to repay its debt, two sources close to the matter revealed
PML-N’s performance review contrary to claims
High fiscal slippage, falling reserves, and rising debt major threat to the economy.
Former KASB Bank sponsors submit objections to SBP
State Bank of Pakistan (SBP) used its regulatory powers under Section 47 of the Banking Companies Ordinance 1962 to merge KASB Bank with and into BankIslami Pakistan Ltd (BIPL) in May 2015 at a token price of Rs1,000 on the basis of the valuation conducted by the audit firm.
Market Daily: Indices make a comeback, gain 484 points
Foreign investors were net buyers, at last, and the market posted return of 1.15 per cent or 484 points in a single day, closing at 42,623 index level.