NBP to receive preparatory license to open branch in China
BEIJING
The National Bank of Pakistan (NBP) will be granted a preparatory license by the Chinese government to establish a branch in the...
Asad Umar meets ADB VP, reviews ongoing projects
ISLAMABAD:Â Finance Minister Asad Umar received the visiting Asian Development Bank (ADB) Vice President, Wencai Zhang for a meeting here Thursday.
They had a...
Finance adviser chairs meeting to review progress of development projects
ISLAMABAD:Â Adviser to Prime Minister on Finance Dr Miftah Ismail, here on Wednesday chaired a meeting to review the progress of various projects...
MoF to raise Rs4.45tn with help of SBP by auctioning govt securities
KARACHI: The State Bank of Pakistan (SBP) reported on Friday it will auction government securities amounting to Rs 4.7 trillion during February...
Fiscal deficit widens to 2.2pc in first six months
ISLAMABAD: The debt-ridden government of Pakistan spent Rs 796.3 billion, which is 2.2 per cent of the nation’s GDP, more than it...
India’s Yes Bank debacle jolts investors, customers and partners
BENGALURU/MUMBAI/NEW DELHI: Shares in India’s Yes Bank plunged on Friday as panicky depositors rushed to withdraw funds and payment partners faced outages after...
Stocks gain 175 points amid high turnover
KARACHI: The Pakistan Stock Exchange (PSX) witnessed a positive start to the month, with the KSE-100 Index closing the session on Tuesday...
CPEC ‘curtailment’ under stricter IMF programme, warns Fitch
ISLAMABAD: The US pressure could lead to ‘stricter’ conditions by the International Monetary Fund (IMF) to bail out Pakistan, including curtailment of...
Profit repatriations on FDI rise to $124mn in July
Repatriation of profits earned on foreign direct investments (FDI) brought into the country have surged to $124.2 million during the first month...
KSE-100 gains 4.46pc in week amid clarity on political, economic fronts
ISLAMABAD:Â Bullish sentiments ruled the Pakistan Stock Exchange (PSX) during the outgoing trading week, lifting the KSE-100 Index by 1,605.73 points or 4.46pc...
Market Daily: Day ends in green as KSE-100 gains 335 points
LAHORE: Indices on Thursday moved in the upward trajectory from the word go as foreign investors still seem hesitant and ended as...
KSE-100 gains 252 points amid volatile trading
ISLAMABAD:Â It was a short but eventful session at the Pakistan Stock Exchange (PSX) on Friday, as the indices swung in both directions...
Dollar trading at Rs116 in open, Rs115.5 in interbank markets
KARACHI:Â The US dollar stands at Rs116 in the open market and at Rs115.50 in the interbank market, Forex Association President Malik Bosan...
ICCI concerned over 50 percent rise in external debt
Pakistan's external debt and liabilities have soared to a record level of $91.8 billion as per SBP’s latest report showing an increase of over 50 per cent.
Dollar settles unchanged while Yen takes a fall
NEW YORK:Â The dollar was little changed against a basket of currencies on Friday as monthly US job growth data was its strongest...