Stock market records highest ever day-gain after federal capital’s lock-down called off

KarachiPakistan’s stock market made a resounding comeback to record highest-ever day-gain in its history following Imran Khan's announcement to call off his Dharna (protest), which...

Foreign exchange reserves down by 1.5 pc: SBP

KARACHI: Foreign exchange reserves of the State Bank of Pakistan (SBP) amounted to $11.94 billion on March 16, down 1.5 per cent from a...

Agriculture borrowing enhanced as borrowers reached to 3.187bn: Senate Body told

ISLAMABAD: The Sub-Committee of the Senate Standing Committee on National Food Security and Research here on Tuesday was informed that agriculture sector borrowings have...

Micro-finance sector recorded 47.3pc growth in its portfolio till December 2016

Islamabad: The microfinance sector witnessed 47.3 percent growth in its aggregate micro-credit portfolio, which grew to Rs136.9 billion till December (2016-17) compared to the...

NBP announces 46pc after-tax profit in half-yearly results

In a meeting of the Board of Directors (BoD) of National Bank of Pakistan (Bank) which was held on August 30, 2018, at the...

Tax rates for banks should be reduced in 2018-19: PBA

KARACHI: Pakistan Banks’ Association (PBA) has demanded from the government to delete Section III (4) of the Income Tax Ordinance 2001 and the tax rates...

OECD treaty regulations bar member nations from prosecuting its nationals

ISLAMABAD: According to regulations of the Organisation for Economic Co-operation and Development (OECD) agreement, no member nation can prosecute its nationals for having overseas assets.A...

PHMA fears import restriction to hinder export orders

LAHORE: Pakistan Hosiery Manufacturers & Exporters Association (PHMA) Monday feared that the latest move of import restriction by the State Bank of Pakistan (SBP)...

SECP introduces non-banking microfinance regulatory framework

The Security Exchange Commission of Pakistan (SECP) has filled up the regulatory vacuum in the microfinance sector by introducing non-banking microfinance regulatory framework, said...

KSE-100 index closes the week in red

Pakistan Stock Exchange (PSX) KSE-100 index lost 46 points or -0.09pc to end Friday's trading session at 48,971.05. Trading at the benchmark index largely remained dull...

Finance Minister chairs NEC meeting, reviews progress in AML & CFT

The NEC is a high-level body established to oversee both policy and implementation matters of the anti-money laundering (AML) and counter financing of terrorism (CFT) regime

Overseas Pakistanis remit $12.8bn in first eight months of FY18: SBP

KARACHI: Overseas workers remitted $12.8 billion in first eight month of the current fiscal year (July-February), which is up by 3.4 per cent, data...

Pakistan’s mystery billionaire

“He’s the Howard Hughes of Pakistan. Nobody ever sees him. You’re the first ones (among journalists) who are going to witness him in the...

Patchamuthu Illangovan apprises Miftah Ismail regarding agreements worth $305m

ISLAMABAD: World Bank (WB) Country Director Patchamuthu Illangovan appraised Adviser to Prime Minister on Finance Miftah Ismail about agreements worth $305 million in a meeting...

Remittances reach $1.69 bn in March, rising 22pc from Feb

KARACHI: According to the data released by the State Bank of Pakistan (SBP), overseas workers remitted $1.69 billion in March, which is up 22.2 per...

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Air France mulls returning to Pakistan after 11 years: minister

Petroleum Minister Ghulam Sarwar Khan revealed on Friday that after witnessing a conducive business environment, Air France was planning to resume its service in...

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Samsung announces folding phone with 5G at nearly $2,000

All of the Galaxy series of rigid phones except the 5G will be available from March 8, with the S10+ priced from $1,000, the S10 priced from $900 and the smaller S10e from $750.