After Standard Chartered, Bank Alfalah launches app for biometric verification
After the launch of a biometric verification app by the Standard Chartered Bank earlier this month, another leading bank from the finance...
Bearish spell continues as index sheds 102 points
KARACHI:Â Bearish spell extended at the Pakistan Stock Exchange (PSX) for one more session on Wednesday, as the indices dripped all day long...
Oil prices tick up ahead of US crude stock data
HOUSTON:Â Oil prices edged up on Tuesday as investors expected US data due shortly to show declining crude stocks, which outweighed concerns over...
SECP revamps regulatory framework for mutual funds
ISLAMABAD:Â The Securities and Exchange Commission of Pakistan (SECP) has revamped the regulatory framework for the mutual funds' industry with an aim to...
China criticises possible US penalties against banks
BEIJING: China on Tuesday criticized Washington’s efforts to enforce US law abroad following a news report three Chinese banks might be penalized over...
Gold continues to break records, reaches Rs80,500 per tola
Gold prices in Pakistan have hit a record high as the price of per tola reached to 80,500 on Tuesday after an...
European watchdogs demand detail on Facebook’s cryptocurrency
LONDON: Facebook's fledgling cryptocurrency faced mounting scrutiny on Tuesday as European central bankers and regulators demanded more detail on the social media giant’s...
Petroleum Division seeks up to 200pc hike in gas prices for domestic consumers
'The hike in gas prices, if approved without any changes, will put an additional burden of Rs175bn on consumers'
The Petroleum Division...
Stocks dip 281 points amid economic concerns
KARACHI:Â The Pakistan Stock Exchange (PSX) experienced a volatile session on Tuesday amid a dearth of market triggers, the possibility of FATF blacklisting,...
FedEx sues US government over shipment restrictions
NEW YORK:Â American logistics giant FedEx has sued the US government, saying Washington's restrictions on exports and imports due to growing trade disputes...
Outgoing FATF chief ‘hints’ at blacklisting Pakistan
Marshall Billingslea says with regard to an action plan agreed in June 2018, Pakistan is 'lacking in almost every respect'.
Outgoing Financial...
BMW vows to rev up electric car rollout
MUNICH:Â German high-end carmaker BMW said on Tuesday it would accelerate its plans to build new electric models, as the whole industry comes...
‘Crackdown against sugar mafia to be launched soon’
ISLAMABAD:Â Minister of State for Revenue Hammad Azhar said on Monday that although the government imposed a tax of only Rs3.30 per kg...
Steel industry cries foul over ‘unfriendly budget’
ISLAMABAD:Â As the local steel industry was struggling to keep up with the regional competitors, the budget presented by the incumbent government would...
PSX plunges 653 points amid low turnover
KARACHI:Â Stocks bled on the first trading session of the week, as the KSE-100 index benchmark nosedived over 700 points intraday amid low...