Goldman Sachs says 1MDB scandal could hit pay for top executives

The U.S. Justice Department has estimated that a total of $4.5 billion was misappropriated by high-level 1MDB fund officials and their associates between 2009 and 2014, including some of the funds that Goldman Sachs helped raise

Saudi Aramco doubles down on South Korea with $1.6 billion bet on Hyundai Oilbank

Saudi Aramco is already the biggest shareholder in South Korea’s No.3 refiner, S-Oil Corp, with a 63.41 percent stake, and the latest deal should help Aramco boost crude oil sales to Hyundai Oilbank, the South’s smallest refiner by capacity

Chinese debt burden: Facts and Fiction

According to the breakdown of Chinese investments in Pakistan, 22 early harvest projects under CPEC have been completed or are under construction, with a total investment of $18.9 billion.

Malaysia seeks $7.5 billion in reparations from Goldman Sachs: FT

Goldman Sachs has consistently denied wrongdoing and said certain members of the former Malaysian government and 1MDB lied to the bank about the proceeds of the bond sales

Market Daily: Uncertainty grips PSX as investors await monetary policy announcement

The KSE 100 touched its intraday high of 40,781.43 minutes after the session begun. It then went south to hit intraday low of 40,462.91. Failing to recover losses it settled lower by 65.97 points at 40,638.83.

Yen falls, Australian dollar gains as U.S.-China trade angst eases

Worries about Chinese economic growth and the trade row had pushed the offshore yuan to a 22-month trough of 6.9800 midweek.

SaudiGulf Airline to commence operations in Pakistan

 -- The airline will offer the highest number of flights between the eastern province of Saudi Arabia and PakistanKARACHI: SaudiGulf Airlines – the new full-service...

Asad Umar presents amendments to budget for ongoing fiscal year

Finance Minister Asad Umar on Tuesday announced a “mini-budget” in the National Assembly and said that if the government continues in the present economic trajectory, the country will be doomed.

Dawood Hercules backs off Rs17.453 billion deal with Edotco Pakistan

At end of August 2017, DHCL in partnership with Edotco entered into an agreement with Veon Pakistan Limited to acquire its wireless tower business in Pakistan for $940 million.

FPCCI rebuffs govt’s reservations on CPEC

--Chamber president says public statements by top govt officials blaming China for unfair agreements will be damaging for PakistanISLAMABAD: The Federation of Pakistan Chambers of...

Chinese trade mission to visit Pakistan on 26th

ISLAMABAD: Adviser to Prime Minister on Commerce and Textiles Abdul Razzaq Dawood has said a Chinese buying mission, consisting prominent businessmen and investors, would visit...

Private sector asked to invest in railway infrastructure

-- Sheikh Rasheed singles out train stations across the country as a good investment optionLAHORE: Pakistan Railways Minister Sheikh Rasheed on Saturday invited the private...

CLSA to enter Pakistan’s brokerage & investment sector with investment in Alfalah Securities

In January, CLSA expressed keenness to enter the country’s banking sector, as it saw significant investment opportunities in Pakistan

Emerging market fund managers hunt for bargains after Turkey contagion

The selloff in emerging markets gathered momentum after U.S. President Donald Trump in March signed a memorandum targeting up to $60 billion in Chinese goods with tariffs, triggering fears of a global trade war

Pension fund industry’s assets cross Rs26 billion: SECP

Over 65 percent of the assets of the pension fund industry are invested in Shariah-compliant funds

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Amazon does not have a Pakistan presence. These Pakistani entrepreneurs are...

The global e-commerce giant has ignored Pakistan, but many enterprising individuals and companies have found ways to use the platform to their advantage by getting around the legal hurdles

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