Cabinet approves Rs100bn youth loan programme
Briefing the media about cabinet decisions here, Special Assistant to Prime Minister on Information and Broadcasting Dr Firdous Ashiq Awan said the cabinet held a thorough discussion on education policy and the new Rs100 billion youth loan programme.
Rupee continues to tumble, down 3.1 per cent
It is speculated that the rupee will continue to fall and is expected to be valued at around Rs180 by December 2020 against the US dollar.
PM welcomes Qatar’s interest in exploring investment opportunities in Pakistan
ISLAMABAD: The Qatar Investment Authority (QIA) has expressed a keen interest to invest in housing, energy, tourism and airport management sectors of Pakistan,...
U.S., McKinsey & Co reach $15 million settlement over bankruptcy case disclosures
The department’s U.S. Trustee Program (USTP) alleged that McKinsey “made insufficient disclosures about its clients and investments in certain entities” connected to debtors that had hired the consulting firm for financial advice, the department said in a statement
Overseas investors shy away from Asian bond markets in January
Foreigners sold a net $3.27 billion worth of bonds last month, the highest since June 2018, data from central banks and bond market associations in Malaysia, Thailand, Indonesia, South Korea and India showed
Pakistan recorded non-resident equity flows of +$14 million in January: IIF
January exhibited a rebound in net non-resident portfolio flows to emerging markets and IIF estimates that EM securities attracted $51.1 billion of foreign capital in January, the highest level in twelve months
SoftBank’s Vision Fund in talks to invest $1.5 billion in Chinese used car platform: sources
The fund is likely to invest up to $1.5 billion in Guazi in a deal that would value the firm at $8.5 billion before the investment, according to one of the sources, who had direct knowledge of the situation
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 Pakistan
KARACHI: SaudiGulf Airlines – the...
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.