Banking sector contributions to KSE 100 rise by 8.8pc in January
KARACHI: The banking sector remained the top contributor to the rise of 8.8 per cent in the benchmark index in January, according...
Malik Riaz’s Escorts Bank now compliant with SECP regulations
KARACHI: Bahria Town-owned Escorts Investment Bank Ltd (EIBL) told the stock exchange on Friday it is now compliant with the minimum equity requirement under...
Machike-Tarujabba oil pipeline being laid to avoid tragedies like Ahmedpur East
ISLAMABAD: Managing Director Inter State Gas Systems (Pvt) Limited (ISGSL) Mobin Saulat Friday said laying of 427-kilometer Machike-Tarujabba oil pipeline would help...
Govt may withdraw power subsidy to industries
ISLAMABAD: The Rs3 per unit (KWh) subsidy extended to the industrial sector granted by the former Prime Minister Nawaz Sharif in 2015...
In second IPO of 2018, pharmaceutical company AGP set to get listed on PSX
KARACHI: AGP Limited, one of the country’s topmost local pharmaceutical companies is gunning for an initial public offering (IPO), an official of...
Omni Group claims it is being politically victimised
ISLAMABAD: Omni group, an industrial, agricultural and service oriented group in Pakistan established in 1999, has claimed that it is being politically...
PM inaugurates Digi Skills programme to train one million youth through online modules
ISLAMABAD: Prime Minister Shahid Khaqan Abbassi inaugurated Digi Skills programme aimed at training one million youth through online modules in Islamabad on Thursday.
Addressing...
Heads of electric supply companies removed over skyrocketing losses
ISLAMABAD: The Power Division has removed from position heads of four electric supply companies of the country for not containing losses in their...
No objection regarding merger of Sindh Bank, Summit Bank: SBP
ISLAMABAD: The State Bank of Pakistan (SBP) on Thursday during a meeting of Senate Standing Committee on Finance and Revenue, informed that it does...
Rs 10bn worth benefits given to Chinese firm through tax exemption
ISLAMABAD: Senate’ Standing Committee on Finance, Revenue, Economic Affairs and Narcotics Control informed that around Rs 10 billion worth benefits were given to...
SBP foreign exchange reserves decrease 2.2pc in a week
KARACHI: Foreign exchange reserves of the State Bank of Pakistan (SBP) amounted to $13.23 billion on January 26, down 2.2 per cent from...
Supply issues force Suzuki to suspend Wagon R booking
KARACHI: Pak Suzuki has notified its dealers to suspend the booking of Wagon R cars as the company is currently facing supply issues...
Mega Conglomerate to acquire 15.8 percent stake of Dawood Hercules in Hubco
LAHORE: In another big acquisition news, Mega Conglomerate (Pvt) Ltd is set to acquire 15.8 percent stake that Dawood Hercules Corporation Limited...
Fire breaks out at Colgate Palmolive’s Kotri factory
LAHORE: A bourse notification filed Thursday by Colgate Palmolive (Pakistan) Ltd revealed a fire broke out at its Kotri factory, which damaged...
Bank of Azad Jammu & Kashmir business plan/budget for 2018 approved
MUZAFFARABAD: The services of Bank of Azad Jammu and Kashmir were appreciated in its 31st board meeting held here on Wednesday and...