Overseas Pakistanis remit $12.8bn in first eight months of FY18: SBP
KARACHI: Overseas workers remitted $12.8 billion in first eight month of the current fiscal year (July-February), which is up by 3.4 per...
Miftah rejects IMF report over deteriorating economy
LAHORE: Adviser to Prime Minister Miftah Ismail rejected an International Monetary Fund (IMF) assessment pointing towards the deteriorating condition of the Pakistan’s...
PSX set to launch ETF this year: Morin
KARACHI: Pakistan Stock Exchange (PSX) CEO Richard Morin said on Thursday an exchange-traded fund (ETF) will be launched on the bourse in the second...
Pakistan partners with USAID to streamline trade and customs procedures
KARACHI: The United States Agency for International Development (USAID) and the Government of Pakistan’s Federal Board of Revenue partnered to host a...
Japan to penalise cryptocurrency exchanges
TOKYO: Japan’s financial regulator will this week slap several cryptocurrency exchanges with administrative punishment notices and is considering forcing some to suspend...
Saudi government seeks to resolve Islamic tax dispute with banks
DUBAI: Crown Prince Mohammed bin Salman has directed the Saudi government to resolve a dispute with banks facing higher Islamic tax liabilities,...
NEC meeting discusses federal development budget
LAHORE: The National Economic Council (NEC) discussed important matters related to the federal development budget in a meeting held on Wednesday in...
Silk Bank announces Rs1135.2mn profit after tax for 2017
LAHORE:Â The Board of Directors of Silkbank Limited, in its meeting held on March 06, 2018, reviewed the performance of the bank and...
Malaysia to secure $51bn approved investments this year
KUALA LUMPUR: Malaysia is expected to secure about 200 billion ringgit approx. $51.21 billion approved investments this year, said the Malaysian Investment...
Malaysian businessmen urged to exploit Pakistan’s business potential
ISLAMABAD: Business community should take advantage of business opportunities provided by Pakistan in various fields including halal products, fruits, vegetables, sports goods,...
Government likely to announce 6th budget by last week of April
ISLAMABAD: While the government is in difficulties facing acute budget deficits, it is likely to announce its last and sixth budget by...
Market Daily: Cements take the lead again
LAHORE: The KSE 100 index wiped out Monday’s gains with a -0.28 per cent drop here on Tuesday. As expected, materials performed...
Pakistan to borrow $1bn from China, as traditional lenders withhold loans
LAHORE: As inflows from traditional lenders are expected to fall below budgeted projections, Pakistan has initiated talks with a Chinese financial institution...
Fidelity puts 6 million savers on risky path to retirement, claims special report
BOSTON: For three years, the mutual funds in Fidelity’s flagship retirement franchise have outperformed at least 85 percent of their competitors, reversing...
Amazon contemplating entering financial sector with a checking-account like product
NEW YORK: Amazon.com Inc, the world’s largest online retailer, is in talks to create a checking-account-like product with big banks such as...