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:Â 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:Â 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...
NAB starts investigation to indict those responsible for shutdown of PSM
ISLAMABAD: National Accountability Bureau (NAB) has initiated an investigation to identify those responsible for the shutdown of Pakistan Steel Mills (PSM) and...
HBL appoints renowned banker Muhammad Aurangzeb as President/CEO
LAHORE: Pakistan's largest bank Habib Bank Limited (HBL) revealed it has appointed Mr. Muhammad Aurangzeb as the President and CEO of the bank.
This...
Oil prices remain steady, after OPEC’s strict compliance with supply reduction pact
TOKYO: U.S. oil prices extended modest gains on Thursday as OPEC’s strong compliance with a supply reduction pact offset news that U.S....
Power consumers bearing the cost as Disco losses soar to Rs213 billion
ISLAMABAD: Power distribution companies have incurred over Rs213 billion in line losses over the past year, as power consumers bear the brunt...
Rs432 billion disbursed in agri-credit sector during first half of FY 2017-18
KARACHI: Tariq Bajwa, State Bank of Pakistan Governor on Wednesday hoped the agriculture loan target of Rs1,001 billion for FY 2017-18 would...
Dollar demand remains high in open market
KARACHI: State Bank of Pakistan on Wednesday was apprised by currency dealers that demand of dollar in kerb market remains high.
In a...
Four bidders shortlisted for acquisition of SME Bank
ISLAMABAD: SME Bank Limited (SBL) has attracted four bidders interested in acquiring the bank as Privatization Commission opens the buy-side diligence of...
FBR retrieves Rs2.34b outstanding withholding tax from telecom company
KARACHI: The freezing of two telecom providers by Federal Board of Revenue has resulted in a tax recovery of Rs2.34 billion, sources...