Govt plans collection of Rs17bn from consumers on account of gas loss
ISLAMABAD: Pakistan Muslim League-Nawaz government is all set to approve the collection of above Rs17 billion from the gas consumers on account...
Value of e-banking transactions registers quarterly growth of 28pc
KARACHI: Digital banking channels processed 186.7 million transactions worth Rs11.7 trillion in Oct-December 2017, according to data released by the State Bank...
Market Daily: Cements, E&Ps push KSE 100 by 400 points
LAHORE: The Pakistan Stock Exchange (PSX) had a lazy start to the week with narrow volumes. With lawmakers playing the number game...
Cash still in vogue and its use is rising: BIS
LONDON: Even though more people now use cards, mobile phones or even facial recognition technology to pay street performers, buy pizza or...
Pakistan rupee due for another round of devaluation
ISLAMABAD: Jon Scheiber, CEO and partner at Tundra Fonder believes the Pakistani rupee is due for another round of devaluation and said...
FATF grey-listing does not affect Pakistan’s ability to borrow: IMF deputy director
The grey-listing of Pakistan by the global watchdog Financial Action Task Force (FATF) has no direct consequences for its ability to borrow...
All set for World Islamic Finance Forum
KARACHI: World Islamic Finance Forum (WIFF) 2018 is to be held on March 19 and 20, 2018. AAOIFI Board of Trustees Chairman...
Govt should end Super Tax in budget 2018-19: OICCI
ISLAMABAD: Overseas Investors Chamber of Commerce and Industry (OICCI) have demanded that the government put an end to the Super Tax in...
Govt’s claims of increased exports false: PRGMEA
KARACHI:Â Pakistan Readymade Garments Manufacturers and Exporters Association (PRGMEA) Chairman Central Shaikh Mohammad Shafiq discussed the stuck up payments of PM package duty...
Mexico not expecting any eminent price shocks: central bank governor
ACAPULCO: Mexico’s central bank does not expect significant shocks to inflation in the short term, the bank’s governor said on Friday, unlike 2017...
Foreign governments should treat Chinese investments fairly: SASAC chief
BEIJING: Foreign governments should treat Chinese firms’ investments in their respective jurisdictions fairly, Xiao Yaqing, the head of China’s state assets regulator,...
China state assets regulator terms debt reduction, curbing risks as key
BEIJING: Reducing debt and curbing risks remain priorities for China’s state-owned firms, the head of the country’s state assets regulator said on...
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...
Panasonic likely to sell security camera factory
TOKYO:Â Panasonic Corp is considering selling a Chinese plant that makes security cameras in a deal it hopes will fetch over $450 million,...
SBP injects Rs1,141.7bn into money market
KARACHI: State Bank of Pakistan (SBP) on Friday injected Rs1,141.7 billion into money market for seven days as reverse repo through its...