Dollar strengthens against rupee in interbank market
After weakening by Rs 6.99 or 4.19% in the last six days, the US dollar rebounded on Friday by Rs 1 or...
Asian shares fall over Covid-19 drug doubts, economic damage concerns
TOKYO/WASHINGTON: Asian shares and US stock futures fell on Friday, spurred by doubts about progress in the development of drugs to treat...
Foreigners withdraw $59m from T-bills
KARACHI: It was too good to last. After weeks of divestment, foreign investors bought $191 million worth of treasury bills (T-bills) on...
UBL profit increases 21pc to Rs4.9bn
KARACHI: The Board of Directors of United Bank Ltd (UBL) met on Thursday to review the bank’s performance and announce its financial statements...
Soneri Bank posts Rs407m profit for 1Q2020
The Board of Directors of Soneri Bank Limited, in its 176th meeting held in Lahore, approved the bank’s condensed interim financial statements...
Bank AL Habib reports 38pc increase in profit
The Board of Directors of Bank AL Habib Limited has announced the bank’s financial results for the three months period ended March...
IMF loan will reduce Pakistan’s financing risks: Moody’s
KARACHI: The International Monetary Fund’s disbursement of $1.4 billion to Pakistan is expected to reduce the country's financing risks, said Moody’s Investors...
DG Cement incurs Rs1.07bn loss in 3QFY20
LAHORE: The Board of Directors of D.G. Khan Cement Company Limited (DGKCC) met on Thursday to review the company's performance and announce...
Bulls hold ground as KSE-100 gains 386 points
KARACHI: Bullish trend prevailed at the Pakistan Stock Exchange (PSX) on Thursday, with the benchmark KSE-100 managing to accumulate gains amid volatility.
"International...
Oil rises as producers trim output
Oil extended gains on Thursday amid signs that producers are cutting production to cope with a collapse in demand for fuel as...
Asian stocks rise ahead on US stimulus, oil rebound
WASHINGTON/SYDNEY: Asian stock markets rose on Thursday as the combination of a rebound in crude prices from historic lows and the promise...
SBP receives $1.4bn emergency fund from IMF
KARACHI: The State Bank of Pakistan (SBP) has received $1.39 billion from the International Monetary Fund (IMF).
“SBP has received $1.39bn under Rapid...
SBP raises Rs435.5bn from T-bill auction
KARACHI: The State Bank of Pakistan (SBP) has reported that the government raised Rs435.5 billion through T-bills, against the auction target of...
MCB profit rises 33pc to Rs6.6bn in Q12020
LAHORE: The Board of Directors of MCB Bank Ltd (MCB) met on Wednesday to review the bank’s performance and announce its financial...
COVID-19: KCCI wants policy rate reduced to 4pc
KARACHI:Â Karachi Chamber of Commerce & Industry (KCCI) President Agha Shahab Ahmed Khan has urged the State Bank of Pakistan (SBP) to bring...