SBP raises Rs275bn through MTB auction
KARACHI: The State Bank of Pakistan (SBP) has reported that the government raised Rs274.7 billion through T-bills, against the target of Rs400...
OPEC raises 2020 global oil demand forecast
PARIS: Organisation of the Oil Exporting Countries (OPEC) has raised its 2020 estimate for growth in global demand for oil, while noting...
Unilever Pakistan appoints Amir Paracha as new CEO
Unilever Pakistan Limited on Wednesday announced the appointment of Amir Paracha as its Chief Executive Officer (CEO). He will be taking over...
Construction sector to spur economy, create jobs: PM
ISLAMABAD: Prime Minister Imran Khan has said that the government is working on the construction industry's promotion on priority, as the sector...
Cabinet approves signing of revised air services agreement with KSA
ISLAMABAD:Â The federal cabinet has approved the signing of a revised Air Service Agreement (ASA) between Pakistan and the Kingdom of Saudi Arabia...
Amazon to invest $1bn to help digitise small businesses in India
NEW DELHI: Amazon.com Inc CEO Jeff Bezos said his company will invest $1 billion to bring small businesses online in India, reaching...
FINCA secures Rs800m Tier-II facility from PMIC
FINCA Microfinance Bank Pakistan (FMBP) has announced that it has secured an eight-year, Rs800 million Tier-II/subordinated bilateral loan facility from Pakistan Microfinance...
Textile policy awaits PM Imran’s nod
--'Pakistan aims to increase its global textile share from $13.3bn to $25.3bn in next five years'
--'Govt will ensure regionally competitive energy prices...
‘e-Pay Punjab collects Rs500m tax in 100 days’
LAHORE: ePay Punjab, the first-ever government payment aggregator for citizen facilitation and ease of business, has collected over Rs500 million in tax...
Stocks lose 214 points amid lack of triggers
KARACHI:Â Bearish trend prevailed at the Pakistan Stock Exchange (PSX) on Wednesday, as the indices depreciated continuously while volumes contracted further, pushing the...
Oil gains ahead of US-China trade deal, snapping four-day decline
LONDON:Â Global oil benchmark Brent crude rose 1pc to near $65 a barrel on Tuesday, snapping four straight days of declines on easing...
NITL selects Refinitiv’s ‘World-Check’ to ensure financial compliance
ISLAMABAD: National Investment Trust Limited (NITL), Pakistan’s first & largest asset management company, has selected Refinitiv’s ‘World-Check’ to support its compliance with the...
SBP imposes Rs219m fine on five commercial banks
KARACHI: The State Bank of Pakistan (SBP) has imposed a cumulative fine worth Rs219.136 million on five commercial banks for violating its...
The Organic Meat Company applies for IPO at PSX
LAHORE: The Organic Meat Company Limited (TOMC) on Tuesday applied for initial public offering (IPO) listing at the Pakistan Stock Exchange (PSX)....
‘US businessmen keen to invest in first CPEC economic zone’
ISLAMABAD: US entrepreneurs have shown a keen interest to invest in the China Pakistan Economic Corridor’s first Special Economic Zone (SEZ) – the...