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...
Coronavirus scare takes over stock market
KSE-100 recorded its biggest intraday loss in a year, but recovered most ground to close 251 points lower
FATF ‘grey list’ poses credit risks to Pakistani banks: Moody’s
KARACHI: Pakistan’s banking system faces credit risk from the country’s continued inclusion on the Financial Action Task Force’s (FATF) ‘grey list’ of nations,...
SBP raises Rs388bn from T-bill auction
KARACHI:Â The State Bank of Pakistan (SBP) has reported that the government raised Rs388 billion through T-bills, exceeding the target set of Rs300...
US seeks to boost trade with Pakistan, says top official
Commerce Secretary Wilbur Ross apprised of Pakistan’s economic reforms, investment opportunities, FATF compliance