Rupee depreciates to Rs118 against US dollar amid economic strains

LAHORE: The rupee depreciated Rs7.5 against the US dollar to Rs118.0 in the inter-bank market on Tuesday morning compared to its closing rate of...

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 Pakistan (SBP)...

ECC forms special committee to resolve stalled K-Electric sale

With Abraaj teetering on the verge of bankruptcy, was Arif Naqvi's meeting with PM Imran Khan meant to extract a return favour for the investment made in PTI's election campaign of 2013, as alleged by his ex-wife Reham Khan

Q-Mobile caught smuggling

KARACHI: Customs has confiscated a shipment of 64,000 Q-Mobile phones worth Rs350m imported by Digicom Trading Pvt Ltd.These mobile phones were confiscated by MCC...

Ever wonder how WhatsApp makes money? Here’s how.

With a reported user base of more than 1.5 billion by February 2018, WhatsApp is one of the most popular messaging applications available today.The...

China sanctions $2b loan for Pakistan to stem decline in forex reserves

The sources shared $1 billion had already been received in the SBP’s accounts and would be shown in the reserves data to be released next Thursday (August 2nd)

Pakistan’s largest refinery project contract awarded to TechnipFMC

The project will be managed and operated by a wholly-owned subsidiary, PARCO Coastal Refinery Limited (PCRL).

PSX saw three IPOs in 2017, five in pipeline for 2018

LAHORE: As the year end looms, Pakistan Stock Exchange has had its fair share of achievements and heartbreaks, but a Topline Security report has...

South Korean delegation to explore investment opportunities in Pakistan next month

'Korean investors are looking at Pakistan Railways as future investment prospect' Envoy says fertile lands of Pakistan can double their yields if modern...

Asad Umar considers massive privatisation drive via ‘wealth fund’

ISLAMABAD: Asad Umar, the man most likely to be the next finance minister of Pakistan, in an interview with the Financial Times, revealed that...

Gulf investors seek exit opportunity from Pakistan’s banking industry

LAHORE: After holding their positions for decades, a number of Gulf investors are looking for a suitable exit opportunity from the Pakistani banking industry. The...

Loss-making PIA increases salaries by Rs915mn

‘With the same amount, PIA could have changed a large proportion of the obsolete and non-operational IFES’LAHORE: The Pakistan International Airlines (PIA) will be spending...

SBP launches SMS service for new currency notes

According to a press release, fresh currency notes will be available from designated commercial bank branches called “e- branches” and the 16 field offices of the SBP BSC.

Bypassing SBP-Malik Riaz of Bahria Town to acquire Escorts bank

Malik Riaz of Bahria Town is all set to purchase 71% shares of Escorts Investment Bank Limited (EIBL) along with its management control and...

OGRA to investigate Honda’s complaint of sub-standard fuel

ISLAMABAD: Pakistan's state oil and gas regulator said on Thursday it would investigate a complaint that fuel suppliers including local units of Shell and Total...

Popular News

All you wanted to know about Pakistan’s e-commerce scene (but didn’t...

This article is the start of a series which will aim to provide the reader with an understanding of the e-commerce industry in Pakistan,...

Latest News

‘Like China and Taiwan, Indo-Pak trade should be kept away from...

The Pak-India Business Council (PIBC) has appreciated the government over its policies to promote trade between the two neighbouring countries.Talking to APP on Friday,...