PM, Chinese Vice President launch four mega CPEC projects

Both the dignitaries unveiled the plaques of the four projects at a ceremony held here during the visit of the Chinese vice president who is here on a three-day visit.

Govt sets Rs5.5tr revenue target in upcoming budget

At the time, Shaikh said the “basic purpose” of the scheme was not to generate revenue — as media reports had speculated — but to bring dead assets into the economy and make them functional.

SBP re-launches issuance of fresh currency notes

The service will be provided through 1702 e-branches and 16 SBP offices across Pakistan to ensure maximum geographical coverage.

SBP raises interest rate to 12.25pc as economic slowdown continues

KARACHI: The State Bank of Pakistan (SBP) on Monday increased its benchmark interest rate by 150 basis points (bps) to 12.25 per cent, effective...

PTI finalises a revamped version of PML-N’s youth loan scheme

ISLAMABAD: The Imran Khan led Pakistan Tehreek-e-Insaf (PTI) government has decided to launch a revamped version of the Prime Minister's youth loan scheme, initiated by...

IDB reiterates commitment to Pakistan’s socio-economic uplift

ISLAMABAD: Islamic Development Bank (IDB) President Dr Bander M H Hajjar has said that IDB Group's relationship with Pakistan spanned over 40 years during which...

Faysal Bank planning 200 new branches in Pakistan

As banks around the world shut branches and lay off tellers, Pakistan’s Faysal Bank is headed in the opposite direction in the hope that...

IMF man to head State Bank of Pakistan

IMF's resident director for Egypt Dr Reza Baqir appointed as governor of central bank for three years Dr Ahmed Mujtaba Memon appointed as...

Govt fixes Nisab-e-Zakat at Rs44,415

The Ministry of Religious Affairs and Interfaith Harmony has fixed Nisab for deduction of Zakat from the bank accounts for the lunar year 1439-40...

IDB committed to enhancing economic cooperation with Pakistan

ISLAMABAD: Islamic Development Bank (IDB) President Dr Bandar M H Hajjar said on Thursday that the bank would extend all possible cooperation for the economic...

Bank AL Habib’s profit before tax increases 30.5pc in 1st quarter

The Board of Directors of Bank AL Habib Limited announced the financial results for the period ended March 31, 2019. As per the results, the...

BankIslami posts Rs251m profit after tax in 1st quarter 2019

The Board of Directors (BoD) of BankIslami has approved the bank's first quarter financial statements for the period ended March 31, 2019. The bank has...

HBL collaborates with Visa to launch QR payments service in Pakistan

HBL, Pakistan's leading bank in the digital space, and Visa, the world leader in digital payments, have collaborated to launch Visa on mobile, a...

MCB Bank reports 24pc growth in profit before tax

The bank declares an interim cash dividend of Rs4 per share for the 1st quarter of 2019 The Board of Directors of MCB Bank...

HBL’s profit increases 14pc to Rs8.4bn in 1st quarter 2019

HBL on Wednesday declared a consolidated profit after tax (PAT) of Rs3.2 billion with earnings per share of Rs2.08 for the first quarter of...

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FBR issues notices to 3,950 non-filers in Lahore

LAHORE: The Federal Board of Revenue's Broadening of Tax Base (BTB)-Lahore has issued notices to some 3,950 people who did not declare their assets despite...

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Intel launches first artificial intelligence chip Springhill

JERUSALEM: Intel Corp on Tuesday launched its latest processor that will be its first using artificial intelligence (AI) and is designed for large computing...