Govt mulls relocating deposits worth Rs1.9tr

Speculations suggest that IMF has advised the govt to do so in order to avoid the alleged misuse of govt fundsKARACHI: The Pakistan Tehreek-e-Insaf...

FATF asks Pakistan to document, regulate gold markets

The Financial Action Task Force (FATF) has asked Pakistan to track, document, and regulate all gold markets in a bid to crackdown against terror...

Financial inclusion for women stands at 9pc in Punjab: PCSW survey

ISLAMABAD: In Punjab only nine per cent of women have accounts at banks or other financial institutions whereas 24 per cent men have access to...

SECP issues fresh guidelines on anti money laundering, terror financing

ISLAMABAD: As Pakistan needs to meet conditions of the Financial Action Task Force (FATF) by June 2019, the Securities and Exchange Commission of Pakistan (SECP)...

ZTBL fails to publish financial statements for two straight years

ISLAMABAD: The federal government's policy to appoint foreign professionals on important positions is not yielding the desired results, as officials seem reluctant to come to...

ADB, UNDP renew pact to accelerate progress towards sustainable development

WASHINGTON: The Asian Development Bank (ADB) and the United Nations Development Programme (UNDP) signed a five-year memorandum of understanding (MOU) to accelerate progress towards sustainable...

China banks post profits but warn of instability

BEIJING: Chinese banks have posted profits for 2018 but warned that domestic and global uncertainties could put downward pressure on the sector in the...

Central bank raises interest rate to 10.75%

The State Bank of Pakistan (SBP) on Friday increased the policy rate by 50 basis points, raising it to 10.75 per cent.A SBP statement...

FBR rejects revising tax rates for non-filers withdrawing cash over Rs 50,000

ISLAMABAD: The Federal Board of Revenue (FBR) on Friday refuted reports regarding revising the tax rates for non-filers withdrawing cash worth over Rs 25,000.In a...

Dominique Russo appointed CEO of Abu Dhabi Group

The Abu Dhabi Group, which owns and operates Bank Alfalah, has introduced Dominique L Russo as its new chief executive officer.According to a press...

SBP report stresses investments in human capital, technology

'Monetary tightening along with exchange rate adjustments, reduction in development expenditures of federal govt and regulatory measures helped contain domestic demand'KARACHI: The State Bank...

SBP issues concessionary financing facility for special persons

KARACHI: The State Bank of Pakistan (SBP) has issued a concessionary small enterprise financing and credit guarantee facility for special persons.SBP Governor Tariq Bajwa announced...

Deutsche Bank and Commerzbank go public on merger talks

FRANKFURT: Deutsche Bank and Commerzbank confirmed on Sunday they were in talks about a merger, although both warned that a deal was far from...

NBP president resolves to increase bank’s share price from Rs41 to Rs100

Arif Usmani, the newly-appointed President of the National Bank of Pakistan, has expressed his resolve to increase the bank's share price from Rs41 to...

Careem brought with it a boom in auto lending for the banks. Then came the interest rate hikes

Muhammad Irfan started his rental car business in 2015 with just one used car. Then came Careem and Uber and the boom in both...

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The pace of change can sometimes overtake even the best companies, including those that have achieved the coveted “verb status”. In most of urban...

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SC restores taxes on cellular top-up

CJP says apex court will not intervene in public revenue and tax collection propositionsISLAMABAD: The Supreme Court (SC) on Wednesday ordered the restoration of all...