Meezan Bank partners with IoBM to launch MBA focused on SME banking
KARACHI: Meezan Bank, Pakistan’s first and largest Islamic bank, and the Institute of Business Management (IoBM) from Karachi recently signed a Memorandum...
JS Bank denies claims regarding deposits made by CAA worth Rs5bn
Following an article published in Pakistan Today on March 23, 2018, titled, “CAA deposits Rs5bn in Ali Jehangir Siddiqui’s JS Bank, violating Finance Division’s Rules”, JS Bank has issued a rebuttal denying all claims and facts presented.
US showcases agricultural partnership at Expo in Lahore
LAHORE: The Embassy of the United States of America showcased its long-standing support for Pakistan’s agriculture sector with a pavilion at the...
Market Daily: Indices continue to bleed, shed 640.19 points intraday
The KSE 100 index had a huge fall, chopping off 640.19 points to fall to intraday low of 44,556.18. it settled with a loss of 1.01 per cent or 449.74 points at 44,746.63.
Super-tax will continue being a drag on bank’s profits: Moody’s
Moody's says the extension of super-tax for banks is a credit negative move
Pakistan’s wheat exports in April touch highest level since independence
Wheat is being exported to Oman, Indonesia, Dubai, Muscat and Bangladesh at a price of $185-200 per ton
Oil prices dip, as US crude inventories soar
U.S. oil production also hit a fresh record of 10.62 million barrels per day (bpd), a jump of more than a quarter since mid-2016
Currency swap agreement with Pakistan on horizon: Iranian Ambassador
From July-March of the current financial year 2017-18, trade figures registered a fall as imports from Iran were recorded at $5 million compared to exports of $17.155 million, as per Ministry of Finance figures
Delays caused Neelum-Jhelum project cost to balloon to Rs500 billion
The cost of this project had been revised upwards to Rs404 billion from Rs275 billion in December 2015 by the present government
OGRA recommends giving 33 licences for LPG sector
OGRA’s annual report for the year 2016-17 said it had issued around 21 licences to different companies pertaining to the regulated gas sector since 2002
Super-tax may erode 7 percent of bank earnings in 2018: Report
HBL and UBL could be severely impacted due to the recent upsurge in loan losses on their foreign books and lower coverage, said Taurus Securities
Haroon disregards calls for ‘economic urgency’ amid post-budget backlash
ISLAMABAD: Special Assistant to the Prime Minister on Revenue, Senator Haroon Akhtar Khan has hit out at the opposition for glossing over the...
50-Megawatt Jhimpir Power starts commercial operations
Jhimpir Power, Burj Capital’s first project, in its 500MW renewable asset platform in Pakistan achieved commercial operations with plant inauguration held by Burj Capital officials on Wednesday.
Govt to provide billions in tax exemption to Chinese companies
ISLAMABAD: While rejecting the Senate Standing Committee on Finance's recommendation to withdraw the tax exemptions given to Chinese companies, the tax department...
CDWP approves 31 projects worth Rs713 billion
Central Development Working Party (CDWP) under the chairmanship of Planning Commission Deputy Chairman Sartaj Aziz on Wednesday approved 31 projects worth Rs713 billion and referred 8 projects worth Rs694.88 billion were referred to ECNEC for further action.