EFERT’s net profits decline by 40pc

Engro Fertilizers Limited’s net profit decreased by 40 percent during 2016, according to a notification sent to the Pakistan Stock Exchange on Wednesday.The company...

High provision charges cause MCB’s results to fall below expectations

Muslim Commercial Bank (MCB) has posted consolidated Net Profit after Tax (NPAT) of Rs 22.1 billion for the CY16. This is 11.4 percent decline...

Govt inaugurates incubation centre in collaboration with Jazz to encourage tech startups

The government inaugurated the national incubation centre in collaboration with Jazz – the new brand name after the merger of Mobilink and Warid –...

Pakistan and ADB sign agreement worth $325 m for clean energy

Pakistan and Asian Development Bank (ADB)  have inked a loan agreement worth $325 million to improve facilities in education and health sectors of Khyber...

Pakistan all set for its third LNG terminal at Port Qasim

Pakistan is all set for the completion of its third terminal that will have a capacity of 750 million cubic feet per day (mmcfd)...

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...

Wi-Tribe $50m investment to deliver fastest internet service

 The HB Group, which purchased Wi-Tribe from Qatar’s national telecom company Ooredoo, has confirmed that it has signed a partnership agreement with China’s leading...

NA body for offering more incentives to software companies

 National Assembly Sub-Committee of the Standing Committee on Information Technology and Telecommunication Tuesday directed Pakistan Software Export Board (PSEB) to offer incentive for new...

SECP to take action against absconding brokers

 Securities and Exchange Commission (SECP) Chairman Zafar Hijazi said on Tuesday the commission would use the full force of law against stockbrokers who have...

PSX turnover velocity: still a fraction of the golden era

  The average daily trade value has reached Rs 22.6 billion or $21.6 million in Jan 2017. Investors at the Pakistan Stock Exchange are thrilled...

Implement Competition Commission recommendations, demands FCCI

  Faisalabad Chamber of Commerce and Industry (FCCI) President Engineer Muhammad Saeed Sheikh has pointed out serious anomalies in duty structure of steel sector and...

400,000 industrial workers to acquire modern skills under PSD Fund

 Around 400,000 industrial workers of Punjab would acquire market-oriented modern skills through Punjab Skills Development Fund (PSDF), the officials said on Tuesday.PSDF Assistant Manager...

CPEC, SEZ Cell launched at BOI

  The Board of Investment Tuesday established a ‘CPEC, SEZ Cell' to facilitate the stakeholders on matters relating to China Pakistan Economic Corridor (CPEC) and...

Fitch Ratings report: an acknowledgement of govt’s economic policies: Dar

  Finance Minister Ishaq Dar Tuesday hailed reaffirmation of Pakistan credit rating by Fitch Ratings and said it was an acknowledgment of government's economic policies.Talking...

SNGPL assures traders to resolve gas related issues

  The local business community was playing an important role in economic development of the region and SNGPL would take all possible measures to resolve...

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Former PSX chairman Richard Morin breaks his silence

The former CEO of the Pakistan Stock Exchange (PSX) Richard Morin has come out swinging against rumours surrounding his abrupt resignation as the boss...

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NA rejects all cut motions, approves Rs313bn for 26 grants

ISLAMABAD: The National Assembly on Wednesday approved 26 demands for grants worth Rs313 billion related to various ministries and departments for the next financial year...