Zameen.com’s parent group EMPG announces $50mn investment as part of larger round

Emerging Markets Property Group (EMPG), the parent company of Zameen.com and other vastly successful property portals in the MENA and South Asia regions, has announced that it has...

PM has ordered to bring back laundered money, says Umar

ISLAMABAD: Minister of Finance Asad Umar remarked on Monday that Prime Minister Imran Khan has ordered to bring back money which has been laundered...

CDNS awarded Best Financial Inclusion Award Pakistan 2018

ISLAMABAD: Central Directorate of National Savings (CDNS) with an aim to inculcate the habit of thrift among the masses and as an important tool towards financial inclusion...

Sale of refrigerators, deep freezers up by 15 to 20pc  

KARACHI: The sale of Refrigerators and Deep Freezers have gone up by approximately 15-20 per cent on the eve of this Eidul Azha as...

SBP issues fresh notes ahead of Eidul Azha across Pakistan

KARACHI: To meet the demand for currency on the occasion of Eid-ul-Azha, the State Bank of Pakistan (SBP) through its 16 field offices of...

Market Daily: PM gets cold welcome from PSX as stocks end flat

LAHORE: The Pakistan Stock Exchange (PSX) did not give a very warm welcome to the new Prime Minister. As economic worries loom, investors seem...

Country’s current A/C deficit widens to $2.2bn in July

KARACHI: The current account deficit (CAD) of the country further widened by 12.18 per cent to $2.2 billion in the first month of the...

Rasheed woos investors, says railways is ‘open for business’

ISLAMABAD: Newly-appointed Railways Minister Sheikh Rasheed on Monday said he will need at least four months to bring Pakistan Railways "back up on its...

PM appeals to overseas Pakistanis to send money via banking channels

KARACHI: Newly elected Prime Minister Imran Khan Sunday appealed to the Pakistanis living abroad to send their money through proper banking channels and invest in their...

PepsiCo to acquire Sodastream for $3.2 billion

Under the terms of the agreement between PepsiCo and SodaStream, PepsiCo has agreed to acquire all of the outstanding shares of SodaStream International Ltd. for $144.00 per share, in a transaction valued at $3.2 billion. The transaction will be funded with PepsiCo's cash on hand

United Auto’s gearing to launch 800cc Bravo hatchback by 1st September: Report

In November last year, United Auto Industries announced it was venturing into car manufacturing and was gearing up to launch an 800cc car

Break-up monopoly of SNGPL, SSGC & separate distribution from transmission, says: Iqbal Z. Ahmed

When JJVL commenced operations, there was a monopoly of around six companies at that time and now 130 entities existed, crediting itself for the efforts of bringing distribution down to the district level, said Iqbal Z. Ahmed

Rs1.9 trillion of liabilities & receivables would need restructuring by new govt: Report

Pakistan International Airlines (PIA) liabilities are projected to be around Rs380 billion, recording a 123 percent surge in the last five years when it stood at Rs170 billion

SBP stipulation creates oversupply of dollars and other currencies

The central bank seems happy with the present scenario, as the kerb market US dollar rate hovers below the inter-bank market rate and there is no adjustment as per market rate

Businessmen Panel for special measures to facilitate overseas Pakistanis

ISLAMABAD: The Businessmen Panel (BMP) a leading think tank group in the Chambers of Commerce suggested to the new government that special measures must...

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Alipay set to commence services in Pakistan by end-2018

Back in March, Alibaba’s Ant Financial said it would invest $184.5million for a 45 percent stake in Telenor Microfinance Bank (TMB), a subsidiary of Telenor Group, to further develop TMB’s mobile payment and digital financial services

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