Australia’s largest wealth manager ousts CEO amid fee scandal

LONDON: The head of Australia's largest wealth manager has resigned after the company admitted lying to regulators for more than a decade. AMP chief executive...

UPS targeting Pakistan’s growing international trade and CPEC

LAHORE: UPS, the international global logistic company is entering into a partnership with local logistics and shipping titan TCS, as it eyes Pakistan’s growing...

Efforts afoot to introduce 5G technology in Pakistan by 2020: Anusha Rahman

ISLAMABAD: Minister of State for Information Technology and Telecommunication, Anusha Rahman on Friday said the government was making all-out efforts to ensure 5G technology...

Sindh CM demands representation on board of K-Electric, SSGC

KARACHI: In wake of the power crisis afflicting Karachi, the Sindh government on Friday said it was looking to get representation on the board...

K-Electric & SSGC given 24-hour ultimatum to resolve dispute

ISLAMABAD: Ministry of Energy efforts to resolve the raging dispute between K-Electric and Sui Southern Gas Company (SSGC) over outstanding payments and fuel supply...

Oil prices stabilize, after Trump’s tweet criticizing OPEC

NEW YORK: Oil prices edged up on Friday, stabilizing after an earlier slide driven by U.S. President Donald Trump’s criticism of OPEC’s role in...

Bank of Khyber profits surge by 25pc to Rs447.711 million

LAHORE: The Bank of Khyber (BOK) in a notification to Pakistan Stock Exchange (PSX) on Friday, released its financial results for the period ended March...

Shell, Unilever to invest £100 million in Pakistan

LAHORE: As Pakistan struggles to sustain its depleting foreign reserves, on Thursday global consumer brand Unilever and Anglo-Dutch oil giant Shell announced investments worth £100 million...

OGRA likely to question SNGPL on charging local gas consumers with LNG rates

ISLAMABAD: The Oil and Gas Regulatory Authority (OGRA) is likely to seek a response from Sui Northern Gas Pipelines Limited (SNGPL) over the issue...

NA body discusses PSM losses, Ramazan package

ISLAMABAD: The National Assembly Standing Committee on Industries and Production met here in the Parliament Lodges on Friday with MNA Asad Umar in the...

TDAP-industry relationship to boost trade sector

LAHORE: The government is committed to facilitating trade and help generate a greater pace of economic development in the country. All trade-related issues of exporters are...

Miftah meets IMF, WB, ADB reps in Washington, discuss economic outlook

ISLAMABAD: Visiting Pakistan delegation led by Dr Miftah Ismail, Adviser to Prime Minister on Finance, Revenue and Economic Affairs participated in the IMF / World Bank...

Market Daily: KSE 100 down 812.52 points WoW basis

LAHORE: The KSE 100 index continued its northbound move during early trading as inertia from the previous session kept bulls in control of market...

Fuel prices expected to rise by Rs5 per litre next month

ISLAMABAD: Oil prices are expected to increase by Rs5 for the next month as a result of the swelling crude oil prices in the international...

SBP injects Rs155 billion into market

KARACHI: The State Bank of Pakistan (SBP) on Thursday injected Rs155 billion into the market for one day, as reverse repo purchase through its open...

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Three major banks are up for sale. Who will buy them?

For the first time in Pakistani history, three perfectly healthy and viable banks are simultaneously up for sale. None of them is a distressed...

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