PSX ends 147 points higher, breaks three-day losing streak
KARACHI:Â Breaking its three-day losing streak, the Pakistan Stock Exchange (PSX) ended the last trading session of the week in green. Foreign investors...
Bank Alfalah posts PBT of Rs8.47bn, EPS of Rs3.04
KARACHI
The Board of Directors of Bank Alfalah Limited approved the bank’s half yearly, unaudited financial statements, for the period ended June 30,...
China to keep on path of reform, opening markets: Li
China will open its door wider to foreign products as free trade needs to be firmly upheld to ensure sustained global economic growth, Li told a summit of eastern European leaders in Sofia
ECC approves Rs1.73bn Ramzan Relief Package to subsidise food items
The government will provide a subsidy of Rs1,733 million under the Ramzan Relief Package 2018. Among the items which would be sold out at subsidized rates at Utility Stoles included flour, sugar, cooking oil, ghee, grams, gram flour (besan), dates, rice, squashes, milk and tea.
Financial sector remains resilient despite tightening of macro-financial conditions: report
State Bank of Pakistan’s (SBP) annual publication Financial Stability Review (FSR) suggests that the level of overall risks to financial stability, as measured by Financial Vulnerability Index, has bottomed out in the calendar year 2017.
Foreign reserves held by SBP fall by $342mn
The total liquid foreign reserves held by the country stood at $16,369.7 million on 31 August 2018, according to the State Bank...
China slashes banks’ reserve requirements as trade war imperils growth
The reserve requirement cut, the fourth by the People’s Bank of China (PBOC) this year, comes as Beijing has pledged to expedite plans to invest billions of dollars in infrastructure projects as the economy shows signs of cooling further, with investment growth slowing to a record low
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...
Govt determined to develop CPEC to eradicate poverty: Khusro
ISLAMABAD: The government is determined to develop Cthe hina-Pakistan Economic Corridor (CPEC) to eradicate poverty, provide education to youth, and create job...
Wall Street eyes more gains from Apple, its $1 trillion stock
NEW YORK: Shares in Apple Inc edged higher on Friday but stayed close to the $1 trillion valuation milestone the iPhone maker reached...
Haroon asks opposition not to politicise budget
ISLAMABAD: Brushing aside the opposition's demand for clamping economic emergency, Special Assistant to the Prime Minister on Revenue Haroon Akhtar Monday called...
Ministers exchange heated words as PIA/PSM privatisation unfolds
ISLAMABAD: Chairman of NA Standing Committee on Privatisation Syed Imran Ahmed Shah took his own government with iron hands over the proposed...
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...
All parties should develop consensus on Economic Roadmap: Rana Afzal
ISLAMABAD: Minister of the State for Finance and Economic Affairs Rana Muhammad Afzal Khan has stressed that all political parties should develop...
Weekly SPI inflation increases by 0.18pc
According to data released by the Pakistan Bureau of Statistics, the Weekly Sensitive Price Indicator (SPI) for the combined group increased by...