Market Daily: Steepest fall after 20 sessions; market sheds 700 points

LAHORE: Indices at Pakistan Stock Exchange (PSX) posted the steepest fall on Tuesday since May 14, 2018, as Monday’s 4 per cent rupee devaluation against US...

Rupee devaluation not a surprise, further devaluation expected

LAHORE: The State Bank’s move to devalue the rupee by 3.6 per cent on Monday did not surprise experts; however, they suspect deficit risk to reflect...

US dollar touches Rs122 in interbank, closes at Rs121.50

KARACHI:  The dollar continued its upward trend in the interbank market on Tuesday closing at Rs121.50 against a dollar. “The dollar touched Rs122 in the interbank today against...

Islamic banking’s assets grew 2.8pc in Q12018

ISLAMABAD: Assets of the Islamic banking industry increased by 2.8 per cent during the quarter from January to March 2018 and were recorded at...

Pakistan uses up Chinese trade financing facility to repay debt

In the current fiscal year 2017-18, China has given about 40 per cent of total foreign loans.

HBL granted ‘member’ status under SCO IBA Framework

KARACHI: Habib Bank Limited (HBL) is proud to be officially granted the status of a member bank, during the 14th council meeting of Shanghai Cooperation...

KASB Bank shareholders seek Rs14b compensation

Negative valuation AF Ferguson dubbed as mala fide

Promising eBanking growth witnessed due to rise in economic activity

LAHORE: Although it is riddled with debt and inflation, Pakistan's economy is growing in terms of financial and economic activity. Rapid advances in technology and...

Market Daily: KSE 100 starts positive, increases by 381.10 points

LAHORE: The Pakistan Stock Exchange (PSX) marked a positive beginning to the week. The weekend brought in the news of a smooth transfer of power...

Market Daily: KSE 100 drops as political temperatures set to rise

LAHORE: The Pakistan Stock Exchange (PSX) ended a range bound session in the red. With just one more day left for the current government’s...

Former KASB Bank sponsors submit objections to SBP

State Bank of Pakistan (SBP) used its regulatory powers under Section 47 of the Banking Companies Ordinance 1962 to merge KASB Bank with and into BankIslami Pakistan Ltd (BIPL) in May 2015 at a token price of Rs1,000 on the basis of the valuation conducted by the audit firm.

Ali Jahangir Siddiqui in hot waters once again as NAB expands investigation

Azgard Nine Limited, JS Global, Swiss Bank Julius Baer and Securities and Exchange Commission all alleged in illegal remittances worth €23.75 million.

Noor Financial divests another 0.28 percent share in Meezan Bank to foreign buyers

Meezan is Pakistan’s biggest Islamic bank with a retail banking network of more than 600 branches in more than 150 cities of the country.

Ali Jehangir Siddiqui resigns as chairman of JS Bank’s board of directors

The appointment of Ali Jehangir Siddiqui, prime minister’s special assistant, to such an important position drew strong criticism from some opposition parties as well as career diplomats

Monetary policy reveals major economic challenges, says ICST

ISLAMABAD: The Islamabad Chamber of Small Traders (ICST) on Sunday said the recently announced tight monetary policy will provide some breathing space to the...

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Don’t cast your vote before you’ve seen these WhatsApp leaks

Two fictional characters each representing the PTI and PML-N, engage in an enlightening WhatsApp conversation that can help prospective voters make the key decision at the ballot box.

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