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.
Financing agreements worth $400mn signed with World Bank
ISLAMABAD: Economic Affairs Division here on Tuesday signed two financing agreements worth $400 million with the World Bank Group. These include Punjab Cities Programme ($200...
China extended $4.4 billion loans to Pakistan during first ten months of FY18
Budget makers had determined loans in the range of $8.09 billion for the current financial year 2017-18 but it surpassed that target by touching $9.6 billion in the first 10 months (July-April) 2017-18
Upward shift in interest rates to take toll on several sectors of economy: FPCCI
ISLAMABAD:Â The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) President Ghazanfar Bilour while commenting on the recently announced monetary policy said...
Market Daily: KSE 100 almost flat as caretaker PM announced
The government and opposition parties have finally agreed upon nomination for the caretaker prime minister as the current tenure of the government is due to end on May 31, 2018.
Monetary policy reveals major economic challenges, says ICST
ISLAMABAD: The Islamabad Chamber of Small Traders (ICST) on Sunday said the recently announced tight monetary policy will provide some breathing space...