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Engro Corporation’s profits up by more than 400%

Engro Corporation Limited’s net profit increased by more than 400 percent during the calendar year 2016, according to a notification sent to the Pakistan Stock...

UBL declares profit of over Rs 27m

UBL announced its results for the Financial Year ended December 31, 2016, at its 207th meeting held on Friday, February 17, 2017. It was...

Samsung Group chief arrested over an alleged case of corruption

Samsung Group chief Jay Y Lee has been arrested over his alleged role in a corruption scandal, reported a national daily. According to reports,...

Rs480b paid to IPPs unjustified, panel recommends recovering Rs 35b from IPPs

As the investigation into the Rs480-billion circular debt payments continues, the special panel backed federal auditors’ recommendations to recover Rs35 billion from Independent Power...

Govt releases second tranche of subsidy on fertilizers

The government has released the second tranche of the long-awaited subsidy amount promised on fertilizers in the National Budget 2016-2017. It has been a generous...

Another brokerage house defaults

What might be constituted by some as an act to purposely downplay the news of another default by a brokerage house, M. Abbas...

Please spare us-SBP asks banks to meet import payments by borrowing from abroad

The State Bank of Pakistan (SBP) is reported to have recently been pushing some banks to raise money from the international markets for settling...

Minister announces ‘export led growth package’ to uplift economy

  Federal Minister for Commerce Khurram Dastgir Khan said on Thursday that Rs 180 billion package of "Export-led growth" has been announced by the government...
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