Rupee weakens against dollar in interbank
ISLAMABAD: The exchange rate of Pakistani rupee declined by 37 paisas against US dollar in the interbank market on Tuesday to close at Rs160.74...
ADB approves $300m to fight COVID-19 in Pakistan
ISLAMABAD: The Asian Development Bank (ADB) on Tuesday approved $300 million emergency assistance loan to strengthen Pakistan’s public health response to the COVID-19 pandemic.
“The...
No new tax in upcoming budget: Hafeez Shaikh
Adviser to the Prime Minister on Finance Dr Abdul Hafeez Shaikh has said that the government would not introduce any new tax in the...
Provinces likely to oppose NFC Award over extra shares for Centre
ISLAMABAD: The provinces are likely to object to the deduction of their respective shares in the recently notified 10th National Finance Commission (NFC) after the Centre...
NBP’s income jumps 11.5pc to Rs108bn, AGM told
ISLAMABAD: The 71st annual general meeting of the National Bank of Pakistan was informed on Tuesday that total income of NBP closed at Rs108.1...
ADB lauded for aiding Pakistan in fight against coronavirus
ISLAMABAD: Asian Development Bank (ADB) Country Director for Pakistan Mrs Xiaohong Yang called on Federal Minister for Economic Affairs Makhdum Khusro Bakhtyar here on...
Covid-19: SBP activates temporary relief facility to support economy
KARACHI: The State Bank of Pakistan (SBP) has opened up its subsidized Temporary Economic Relief Facility (TERF) scheme to expand existing projects as well...
FY21 budget: Hafeez Shaikh vows redressal of business community’s woes
ISLAMABAD: Adviser to Prime Minister on Finance and Revenue Dr Abdul Hafeez Shaikh on Friday said the government was actively resolving the liquidity related...
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 report, the...
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) to enable...
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 on Wednesday...
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 of Rs400...
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 a statement...
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 working on...
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 conference call.
MCB’s...
