FIEDMC delegation leaves for UK to explore joint ventures
ISLAMABAD: A high-level delegation of the Faisalabad Industrial Estate Development and Management Company (FIEDMC) on Saturday left for United Kingdom (UK) on...
HabibMetro underperforms, posts nominal growth for FY19
KARACHI: The Board of Directors of Habib Metropolitan Bank Ltd (HMB) met on Thursday and Friday to review the bank’s performance and...
BOP earns Rs14bn profit before tax
The Board of Directors of The Bank of Punjab (BOP) on Friday announced the bank’s annual audited financial statements for the year...
Coronavirus crash wipes $5 trillion off world stocks
Coronavirus panic sent world share markets skidding again on Friday, compounding their worst crash since the 2008 global financial crisis and pushing...
Unilever Pakistan’s profit surges 41pc
LAHORE:Â The Board of Directors of Unilever Pakistan Foods Limited (UPFL) met on Friday to review the company's performance and announce its financial...
NBP reports 17pc fall in profit
KARACHI: The Board of Directors of National Bank of Pakistan (NBP) met on Friday to review the bank’s performance and announce its...
Hong Kong-based company starts smartphone manufacturing in Pakistan
ISLAMABAD:Â A Hong Kong-based smartphone manufacturer, Infinix, has become the first smartphone company to start manufacturing in Pakistan. Prior to this, only a...
Standard Chartered profit jumps 43pc to record Rs16bn
KARACHI: The Board of Directors of Standard Chartered Pakistan met on Thursday and Friday to review the bank's performance and announce its...
Textile millers reject proposed ban on cotton import
LAHORE: Textile millers on Friday rejected recommendations made by the National Assembly's Standing Committee on National Food Security and Research to impose...
KSE-100 loses 103 points amid volatile activity
KARACHI: The Pakistan Stock Exchange (PSX) ended the last session of the week on a negative note, with the indices failing to...
Auto sales picking up after months of downslide, Senate panel told
ISLAMABAD:Â Although the auto industry had reported over 60pc decline in sales during the past few months "owing to inflation, price hikes and...
EU likely to extend Pakistan’s GSP+ status next month
ISLAMABAD: Adviser to Prime Minister on Commerce Abdul Razzaq Dawood has hinted that the European Union might extend Pakistan's Generalised System of...
IMF, Pakistan reach staff-level agreement for $450m tranche
WASHINGTON:Â Pakistani authorities and the International Monetary Fund (IMF) staff have reached an agreement that could pave the way for a disbursement of...
Oil prices slide to lowest in a year
KARACHI: Oil prices fell for the fifth consecutive day on Thursday, reaching their lowest since January 2019 as new cases of the...
SBP reserves up $87m to $12.6bn
KARACHI:Â Foreign exchange reserves held by the State Bank of Pakistan (SBP) increased $87 million to $12,591.5 million during the week ending February...