Credit Suisse named Pakistan’s best investment bank by FinanceAsia, Euromoney
Credit Suisse has announced that it has been named Pakistan’s Best International Investment Bank by FinanceAsia in its 2018 Country Awards for...
SBP governor hints further devaluation of rupee
ISLAMABAD: As the experts have already expected a further decrease in the value of Pakistani currency against the dollar, the State Bank of...
Bulls dominate as KSE-100 surges 856 points
KARACHI: Positive sentiments prevailed at the Pakistan Stock Exchange (PSX) for the second consecutive session with the KSE-100 Index managing to cross the...
Pakistan to hold policy-level talks with IMF this week
IMF also likely to visit NAB, review anti-corruption framework
FFC posts Rs20.8bn profit for 2020
NEWS DESK: Fauji Fertilizer Company (FFC) has announced its financial results for the year ended 31th December 2020, with a net profitably...
Islamic banking’s assets grew 2.8pc in Q12018
ISLAMABAD: Assets of the Islamic banking industry increased by 2.8 per cent during the quarter from January to March 2018 and were...
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...
SECP extends deadline for comments on draft Listed Companies, 2017
KARACHI
The Securities and Exchange Commission of Pakistan (SECP) has extended the time limit, for providing comments on draft Listed Companies (Code of...
PTI finalises a revamped version of PML-N’s youth loan scheme
ISLAMABAD: The Imran Khan led Pakistan Tehreek-e-Insaf (PTI) government has decided to launch a revamped version of the Prime Minister's youth loan scheme,...
FDI jumps to 15.6pc, adding $262.5 mn from last year
KARACHI: Foreign Direct Investment (FDI) in the first eight months of 2017-18 amounted to $1.94 billion, up 15.6 per cent or $262.5...
After $1.4b approval, IMF puts on hold $6b EFF programme
ISLAMABAD: In the wake of coronavirus pandemic and disbursement of $1.386 billion under the Rapid Financing Instrument (RFI) to help Pakistan address...
Indian court declares tycoon Mallya a ‘fugitive economic offender’
MUMBAI: A court in India set up under anti-money laundering laws declared liquor and aviation tycoon Vijay Mallya a “fugitive economic offender”...
Dubai court appoints Deloitte as liquidators to wind up Abraaj Capital
DUBAI: A Dubai court has appointed provisional liquidators to wind up Abraaj’s unit based at Dubai International Financial Centre (DIFC) after a...
Fatima Fertilizer’s gross profits jump 68pc amid decreasing cost of sales
Despite a 2 per cent reduction in Fatima Fertilizer Company’s sales, its bottom line rose up significantly, due to decreased cost of...
MCB profit rises 33pc to Rs6.6bn in Q12020
LAHORE: The Board of Directors of MCB Bank Ltd (MCB) met on Wednesday to review the bank’s performance and announce its financial...