Jazz posts $2.09bn revenue for 1Q2020
ISLAMABAD: Veon, the parent company of Jazz Pakistan, has published financial results for the quarter ended 31st March 2020.
As per the financial...
Govt launches ‘secured transactions registry’ to facilitate financial institutions
ISLAMABAD: Adviser to Prime Minister on Finance and Revenue Dr Abdul Hafeez Shaikh on Thursday formally launched the Secured Transactions Registry (STR)...
Meezan Bank’s profit jumps 62pc to Rs4.9bn
KARACHI: The Board of Directors of the Meezan Bank met on Tuesday to review the bank’s performance and announce its financial statements...
SBP raises Rs391.3bn from T-bill auction
KARACHI: The State Bank of Pakistan (SBP) Wednesday reported that the government had raised Rs391.3 billion through T-bills, against the auction target...
Shazad Dada resigns as Standard Chartered CEO, likely to join UBL
KARACHI: Shazad Dada has stepped down as President and Chief Executive Officer (CEO) of the Standard Chartered Bank Pakistan (SCBPL), according to...
Changes in tariff structure for FY21 budget on the cards: minister
ISLAMABAD: Adviser to the Prime Minister on Commerce and Investment Abdul Razak Dawood on Tuesday said the Ministry of Commerce was aggressively...
MCB expects deposits to grow, policy rate to fall by 100bps
KARACHI: MCB Bank on Monday gave an update on its recent financials and bank outlook in a corporate briefing to investors via...
SBP says 700 firms seek subsidised loans to avoid layoffs
KARACHI: The
State Bank of Pakistan (SBP) said on Monday that around 700 companies have
forwarded applications for cheaper loans under the central bank’s...
World Bank prepares $247.5m project to help Pakistan fight virus
ISLAMABAD: The World Bank (WB) has said that it has prepared a $247.5 million programme to support Pakistan’s frontline healthcare staff and...
More and more borrowers benefitting from relief package: SBP
The State Bank of Pakistan has said that more and more borrowers are benefiting from its relief package to extend loan principal...
PSO earnings fall 49pc in 9MFY20
LAHORE: Pakistan State Oil (PSO) convened its Board of Management (BoM) meeting on Wednesday to review the company’s performance during the nine...
Nishat Mills’ consolidated profit drops 14pc in 3QFY20
LAHORE: The Board of Directors of Nishat Mills Limited (NML) met on Wednesday to review the company's performance and announce its financial...
Bank Alfalah’s profit falls 8.6pc to Rs2.89bn
KARACHI: The Board of Directors of Bank Alfalah met on Sunday to review the bank’s performance and announce its financial statements for...
Remittances expected to reach $21bn in current fiscal year
The Ministry of Finance has said that the government measures announced recently to boost remittances have paid off as remittances have already...
Int’l community’s financial support against COVID-19 crisis lauded
ISLAMABAD: Minister for Economic Affairs, Makhdum Khusro Bakhtyar has appreciated the continued support received from the international community including development partners to...