SWIFT makes headlines as hackers steal $6mn from Russian bank
MAGNITOGORSK: Unknown hackers stole 339.5 million roubles ($6 million) from a Russian bank last year in an attack using the SWIFT international...
SECP adopts three AAOIFI Shariah Standards
ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has notified the adoption of three Shariah Standards of the Accounting and Auditing...
U.S crude oil consolidates gains, as dollar slips to three-year low
TOKYO: U.S. crude extended gains in subdued trade on Friday as the dollar slipped to a three-year low, with many Asian markets...
General Electric divests lighting business, kicks-off restructuring drive
BOSTON: U.S. industrial conglomerate General Electric has reached a deal to sell parts of its overseas lighting business to a company controlled...
Senate approves setting up of tribunal to challenge Nepra decisions
ISLAMABAD: A key legal change has been approved by a senate body to clip the powers wielded by National Electric Power and...
MCB Bank profits plunge 14.03pc to Rs31.01bn
LAHORE: The Board of Directors of MCB Bank Limited, met under the Chairmanship of Mian Mohammad Mansha, on February 15, 2018, to...
Meezan Bank plans capital-boosting sukuk
SYDNEY: Meezan Bank, Pakistan’s largest sharia-compliant lender, aims to raise up to Rs7 billion ($63.34 million) through capital-boosting Islamic bonds, or sukuk, according...
Aamir Ibrahim appointed VEON Group Head of Emerging Markets
LAHORE: VEON Limited (formerly VimpleCom the parent company of Jazz), announced today that Aamir Hafeez Ibrahim will replace Jon Eddy as the...
Sindh Lakhra Coal Mining Company gets exploration license
KARACHI: Sindh Chief Minister Syed Murad Ali Shah while presiding over the Sindh Coal Authority's (SCA) 30th board meeting here at the...
Overall demand for loans rose during Q2 FY18, says: SBP
LAHORE: The State Bank of Pakistan released its “Bank Lending Survey” for quarter two FY 2018 on Thursday, with feedback from 18...
Hi-Tech Lubricant gets OGRA nod to seek NOCs for setting up 26 petrol pumps
LAHORE: A bourse notification filed Thursday by Hi-Tech Lubricants Limited (HTL) announced it had received permission from Oil and Gas Regulatory Authority...
Opposition parties gang-up, call for making LNG deal with Qatar public
ISLAMABAD: Calls for making the multibillion dollar LNG deal that Pakistan made with Qatar be made public are rising as the countries...
ZTE lambasts US lawmakers security concerns, says it’s a trusted partner
BEIJING: Chinese telecoms equipment group ZTE Corp hit back on Thursday against concerns from U.S. lawmakers that it is a vehicle for...
Pakistan, Canada agree to work for enhancement of agriculture sector
ISLAMABAD: The Commerce Minister of Pakistan, Pervaiz Malik and the Canadian Minister of Agriculture and Agri-Food, Mr. Lawrence MacAulay agreed to boost...
Oil prices consolidate gains, driven up by weakening dollar
SINGAPORE: Oil prices on Thursday extended gains from the previous session, pushed up by a weak dollar and by comments from Saudi...