Market Daily: Cements take the lead again
LAHORE: The KSE 100 index wiped out Monday’s gains with a -0.28 per cent drop here on Tuesday. As expected, materials performed...
Experts call for incentivising documentation of economy
KARACHI: Tax experts demanded on Monday that the immunity under Foreign Currency Accounts (Protection) Ordinance 2001 should be removed to improve the...
Amazon contemplating entering financial sector with a checking-account like product
NEW YORK: Amazon.com Inc, the world’s largest online retailer, is in talks to create a checking-account-like product with big banks such as...
MNA from treasury benches slams govt for written off loans, failure in recovery
ISLAMABAD: MNA Rana Hayat Khan belonging to treasury benches Friday slammed his own government for written off loans and failure in the...
Technology behind cryptocurrencies could improve financial system in future
LONDON:Â Cryptocurrencies such as Bitcoin are failing as a form of money and have shown clear signs of being a financial bubble, but...
Traders, business community urges govt to sign currency swap agreement with UAE
KARACHI: The trading and business leaders have urged the government to enter into a currency swap agreement with UAE, considering the recent...
Money supply went up 0.83 percent year-on-year: SBP
KARACHI: State Bank of Pakistan on Friday released data which disclosed money supply went up 0.83 percent year-on-year during July-January of FY...
Ahmed Shuja Kidwai to replace Shafqaat Ahmed as CEO, Al Baraka Bank
MANAMA: Ahmed Shuja Kidwai has been appointed as the new CEO of Al Baraka Bank (Pakistan) after the board of directors of...
SECP drafts governance rules to cover Sharia-compliant companies & securities
KARACHI: Pakistan’s capital market regulator has drafted governance rules that cover sharia-compliant companies and securities, the latest government initiative aimed at developing...
Yuan holds immense potential for settlement of cross-border trade deals: SCB
KARACHI: There is loads of potential for the utilization of yuan for settlement of cross-border trade deals between Pakistan and China, said...
SBP presents draft law to parliamentary panel for curbing money laundering
ISLAMABAD: To rein in money laundering, State Bank of Pakistan has suggested a legal amendment which would permit law-enforcing agencies to question...
Bank’s high level exposure to low-rated government securities, a major risk, says: Moody’s
LAHORE: International credit rating agency, Moody's, has kept a stable outlook for Pakistan’s banking sector stimulated by a growing economy, enhanced domestic...
SBP expresses inability to trace/bring back money stashed abroad by Pakistani’s
ISLAMABAD: A State Bank of Pakistan report submitted to the apex court has expressed its inability to bring back money stashed overseas...
India directs state-owned banks to fix operational risks, gives 15-day deadline
NEW DELHI: India’s finance ministry on Tuesday set a 15-day deadline for state banks to take pre-emptive action against operational and technical...
Dejected by local banks attitude, Faisalabad’s businessman considering establishing their own bank
FAISALABAD: Disgruntled by attitude of local banks, the business community of Faisalabad is considering setting up its own bank for provision of...