Gulf investors seek exit opportunity from Pakistan’s banking industry
LAHORE: After holding their positions for decades, a number of Gulf investors are looking for a suitable exit opportunity from the Pakistani banking...
Shell Pakistan set to announce new CEO on 24th April
LAHORE: A notification sent to the Pakistan Stock Exchange (PSX) by Shell Pakistan revealed its Chief Executive Officer Jawwad Ahmed Cheema will...
Asian shares mixed, as political risks loom
TOKYO: Shares were mixed in Asia after an upbeat start to the week, with Chinese benchmarks leading decliners. The air strikes on...
Pakistan’s inflation to rise in FY 2018-19, remain high till FY20: World Bank
LAHORE: The World Bank on Sunday in its report “South Asia Economic Focus, Jobless Growth” projected inflation to rise in the financial...
Govt contemplating merger of Pakistan LNG Limited, Pakistan LNG Terminal Ltd
ISLAMABAD: The government is contemplating the amalgamation of two state-owned liquefied natural gas (LNG) entities namely Pakistan LNG Terminals Limited and Pakistan...
Three major banks are up for sale. Who will buy them?
For the first time in Pakistani history, three perfectly healthy and viable banks are simultaneously up for sale. None of them is...
Asian shares open firm, oil down as Syria fallout seen limited
SYDNEY: Share markets started firmer in Asia on Monday amid relief U.S.-led strikes on Syria looked like being a one-off event that...
Pakistan’s promising auto market lures Nissan back
As the CPEC gains momentum, enhancing the feel-good factor and stirring an economic boom across the country, one of the topnotch Japanese...
Agri sector records growth at 3.81pc in FY18
ISLAMABAD: The agriculture sector of the country is estimated to grow by 3.81 per cent during the fiscal year 2017-18 against the...
SC extends restraining orders against merger of Summit, Sindh Bank
KARACHI: The Supreme Court (SC) on Saturday extended its restraining order regarding the merger of Sindh Bank and Summit Bank until further...
Expensive Qatari LNG causing additional burden on masses
ISLAMABAD: Pakistanis are allegedly being deprived of low priced Liquefied Natural Gas (LNG) as the present government continues importing LNG from Qatar...
PMRC to provide banks long term fixed rate housing finance
KARACHI: Newly established Pakistan Mortgage Refinance Company (PMRC) will provide banks with long-term funding at fixed rates to promote housing finance.
Speaking at...
FIA fails to obtain record from Customs Intelligence in mobile phones embezzlement case
ISLAMABAD: The Federal Investigation Agency (FIA) has failed to obtain the record from Directorate General of Customs Intelligence and Investigation in a...
Syria war, OPEC compliance propping up oil price: IEA
PARIS: Fears of fresh escalation in Syria’s war coupled with compliance with a pledge by the OPEC cartel and Russia to limit...
Saudi’s Aramco world’s most profitable oil company: Report
LONDON: Saudi Aramco is the world’s most profitable oil company, Bloomberg reported on Friday, but its huge earnings and cash flows may...