Punjab expresses worry over major water losses from Taunsa to Kotri barrage
Irsa has setup a regulations director led-committee constituting of directors from Sindh and Punjab to determine discharges at Guddu barrage and the various barrage of Pakistan and provide a report in this regard to IRSA
Pakistan averts MSCI downgrade, weight in EM index to slightly fall post China A Shares
LAHORE: Pakistan has escaped being downgraded from Morgan Stanley Capital International (MSCI) emerging market (EM) index on Tuesday after it raised the...
NA committee directs gas companies to complete development schemes
National Assembly Standing Committee on Energy has directed Gas Distribution Companies to complete Gas Development Schemes under Prime Minister’s Sustainable Development Goals (SDGs) programme within the stipulated timelines.
Basir Shamsie to helm JS Bank as President and CEO
LAHORE: JS Bank’s board of directors have appointed Basir Shamsie as the new President and CEO of the bank replacing the former...
Miftah Ismail allegedly pressurized former MD PLTL to resign
Incumbent Finance Minister Miftah Ismail has allegedly instructed Pakistan LNG Terminal Limited (PLTL) former managing director Azam Soofi to resign from his post apparently to save Pakistan Gas Port Consortium Limited (PGPCL) from a $40 million penalty.
HSBC, ING banks announce first trade finance transaction using blockchain
LONDON: Banking giants HSBC and ING on Monday said they had carried out a landmark blockchain transaction aimed at speeding up payment...
PFC to display furniture items in Mexican furniture fair
LAHORE: Pakistan Furniture Council (PFC) will display Pakistani handmade world-class traditional furniture products in the Mexican International Furniture Fair to be held...
Finance Minister, FBR urged to restore FTR regime for commercial importers
ISLAMABAD: Senior Vice President (SV) and Chairman of Budgetary Advisory Council of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI),...
SBP adheres to SHC order, invites KASB shareholders to register complaints
KASB was sold for a mere Rs1000, while Sindh High Court termed SBP’s role in the BankIslami-KASB merger as a “breach of statutory duty.”
Market Daily: Political uncertainty, Nawaz Sharif’s remarks wreak havoc at PSX
LAHORE: The session left a trail of blood on the streets as market bulls were ripped to shreds in the wake of...
Vietnam, Pakistan to sign free trade agreement soon: envoy
SIALKOT: The Ambassador of Vietnam to Pakistan Pham Hong Kim on Monday said that Vietnam and Pakistan have been actively considering signing...
ADB for smarter, stronger public-private partnerships
ISLAMABAD: The Asian Development Bank (ADB) and the Government of Pakistan agreed to chart new ways to pursue more robust and inclusive...
Veon reports $109mn loss in Q1 while Russian arm improves
Veon, which also operates in Pakistan, Ukraine, Uzbekistan, and Algeria, reported a loss of $109 million, versus a loss of $5 million in the same period a year ago.
Bank Alfalah selling Afghanistan operations to Azizi bank
In April, Bank Alfalah in a notification sent to the stock exchange had denied rumours that the bank had been sold
Dewan Cement rejects Mega Conglomerate’s acquisition offer
Dewan Cement’s spokesperson has claimed the negotiations are still going on and the deal could be salvageable, however, there has been no formal announcement on the stock exchange by Dewan Cement about the status of the deal