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.
Oil prices mixed but expected output increase drags
The spread between Brent and WTI crude stands at around $8.7 a barrel, the widest since March 2015 due to the depressed price of U.S. crude compared to Brent
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
Textile industry financial crunch worsens, as it awaits release of outstanding tax refunds
Exports nosedived by 12.36 percent during 2015-16, touching $21.97 billion and worldwide exports also posted a fall of meagre 1 percent
Fertilizer off-take posts 27 percent YoY increase touches 558,000 tons in April
Di-ammonium phosphate (DAP) sales recorded a 28 percent fall in April 2018, touching 60,000 tons compared to 96,000 tons in April 2017
ExxonMobil purchases 25 percent shareholding in offshore drilling in Pakistan
Previously, Italian energy giant Eni, Pakistan Petroleum Limited (PPL) and Oil and Gas Development Company (OGDC) held 33 percent share each in offshore drilling in Pakistan
FBR permits resale of duty exempted plants
FBR made it clear, the number of input goods for domestic sale couldn’t cross 10 percent of total imports per annum
Water shortage compels Punjab to dissuade farmers from planting sugarcane crop
Water shortage during the early part of the Kharif season has risen to an alarming 45 percent from initial projections of 32 percent against average uses.
Upward shift in interest rates to take toll on several sectors of economy: FPCCI
ISLAMABAD:Â The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) President Ghazanfar Bilour while commenting on the recently announced monetary policy said...
GDPR sets the benchmark for data protection – What can Pakistan learn?
Over the last couple of weeks, you may have received emails from organisations such as Twitter, Facebook, YouTube, Instagram, TripAdvisor, Medium, Booking.com,...
Rs15,520 mn released for petroleum sector in 11 months
ISLAMABAD: The government has released around Rs15,520.056 million for the Petroleum and Natural Resources Division under the Public Sector Development Programme (PSDP...
Shan Foods, intent on spicing it up with a listing on the bourse
With disposable incomes on the rise, the Pakistani international spices giant not just doubles its size in the last three years, but with new products and an acquisition part of its expansion plans, the family-run business is evaluating tapping into funds from the capital market
Livestock dept ensuring availability of poultry on subsidised rates
RAWALPINDI:Â The Punjab Livestock Department with the cooperation of Pakistan Poultry Association is ensuring the availability of poultry and eggs in 35 Ramzan...
Businessmen urge political parties to sign Charter of Economy
KARACHI: Senior businessmen, including members of the Federation of Chambers of Commerce and Industry (FPCCI), have urged the political leadership to sign...
Govt fails to bring back undeclared money under foreign assets scheme
ISLAMABAD: The outgoing government has failed to convince expatriates to bring back undeclared money to Pakistan under the voluntary declaration and repatriation...