Moody’s appreciates SBP move to prohibit virtual currencies
LAHORE: Moody’s on Monday stated the State Bank of Pakistan’s prohibition on banks from dealing in digital currencies was a credit positive...
What makes Pakistan plump for IMF time and time again?
Pakistan has been approaching International Monitoring Fund (IMF), intermittently, since 1988. The last programme was successfully completed during the period 2013-16. However,...
PMRC to provide banks long term fixed rate housing finance
KARACHI: Newly established Pakistan Mortgage Refinance Company (PMRC) will provide banks with long-term funding at fixed rates to promote housing finance.
Speaking at...
Revision in foreign currency account law could rein in demand of dollar in kerb market
KARACHI: The promulgation of a revised Protection of Economic Reforms Act (PERA) 1992 earlier this week has been appreciated by experts, which...
Market Daily: KSE 100 index loses 259.85pts, settles at 46071.86
LAHORE: Off to a rocky start the 100 Index saw reduced market participation in the early hours as market participants opted to...
Market Daily: KSE 100 index down 154.79pts, settles at 46,331.71
LAHORE: After meandering through the red during most part of yesterday’s session the 100 Index closed down 154.79 points (-0.33 per cent)...
SECP to adopt 7 new Islamic finance standards
ISLAMABAD: Pakistan’s capital market regulator will introduce seven new standards covering a variety of Islamic finance transactions, as it fast-tracks the adoption...
China’s Ant Financial looks to raise $8 billion from investors
HONG KONG/SINGAPORE: China’s Ant Financial Services Group is in talks with investors to boost its fundraising target to at least $8 billion,...
China promises to open its financial sector to foreign investment by end-2018
BOAO: China laid out a clearer timetable on Wednesday for opening its financial sector to more foreign investment by the end of...
SSGC seeks govt permission to spread Rs18 billion losses over five-year period
ISLAMABAD: Sui Southern Gas Company (SSGC) has reached out to the authorities to allow it to spread it's Rs18 billion over a...
Tough times for ‘unregistered persons’ by FBR in new audit policy
ISLAMABAD: The Federal Board of Revenue (FBR) has decided to give tough time to an unregistered person in the new audit policy 2017.
The...
Saudi Arabia gearing up for issuance of multi-tranche dollar bond
DUBAI: Saudi Arabia has given initial price guidance for a planned multi-tranche dollar bond, a document from one of the banks leading...
Abraaj engaging U.S investment bank Houlihan Lokey for health-fund advice after controversy
DUBAI: Dubai-based private equity firm Abraaj has hired U.S. investment bank Houlihan Lokey to help it try to stem the fallout from...
Shehbaz terms taxes as a national obligation
LAHORE: Punjab Chief Minister Muhammad Shehbaz Sharif said on Monday that payment of taxes was a national obligation whereas government was responsible...
Exports surge by 13.14pc, trade deficit widens by 17.3pc in first 9 months
KARACHI: The country’s exports have enhanced by 13.14 per cent in first nine-months of the current fiscal year to $17.081 billion, as...