Non-performing loans surged 23pc in FY19, Senate body told
ISLAMABAD: The non-performing loans (NPLs) of the banking sector have increased by more than 23pc during the fiscal year ending June 30,...
HBL starts RMB business in China
URUMQI: Habib Bank Ltd now offers end-to-end intermediation for Chinese currency Renminbi (RMB), allowing customers to now open RMB accounts.
This makes HBL...
Air Arabia signs $14bn Airbus A320 order
DUBAI:Â Air Arabia on Monday announced a firm order for 120 Airbus A320 family jets in a deal worth around $14 billion, as...
Local assemblers irked over increase in used car imports
ISLAMABAD:Â Local car manufacturers/assemblers have raised serious concerns over the surge in the import of used cars during the last two months, saying...
SBP to announce monetary policy on Friday
The State Bank of Pakistan (SBP) would unveil its monetary policy for the next two months on Nov 22 (Friday).
Prior to the...
Tomato imports suffer amid protests in Iran
KARACHI: Price of tomatoes won't be coming down any time soon as protests in neighbouring Iran over petrol price hike have hindered...
Chinese investment in CPEC energy projects reaches $12.4bn
ISLAMABAD: In a recent meeting held in Islamabad, China had shared with Pakistan that it has so far invested $12.4 billion in...
‘Govt aims industrial expansion under CPEC’s 2nd phase’
ISLAMABAD: Planning, Development and Reform Minister Makhdoom Khusro Bakhtiar said on Monday that under the next (2nd) phase of China Pakistan Economic...
Bull-run continues at PSX as index gains another 827 points
KARACHI:Â Bulls continued to dominate the Pakistan Stock Exchange (PSX), as the indices rallied on first trading session of the week while volumes...
US and China have significant differences ahead of trade talks
WASHINGTON:Â Top US and Chinese negotiators are seeking to narrow differences on an initial trade agreement during a Friday evening phone call but...
PIA on SECP’s radar over ‘market manipulation’
ISLAMABAD:Â Taking serious notice of a recent statement issued by the Pakistan International Airlines Corporation chief executive officer (CEO), the Securities and Exchange...
Saudi Aramco IPO could strengthen govt finances, support economy
LONDON: Saudi Aramco's forthcoming listing on the local stock market could help strengthen the government’s net asset position, with the proceeds potentially raising...
Cement exports surge 16.48pc in four months FY20
LAHORE: Cement exports from the country grew by around 28pc to 798,000 tonnes in Oct 2019, as against 616,000 tonnes in the...
Dawood says must ‘appreciate’ good policies of previous govt
Adviser to Prime Minister on Commerce Abdul Razak Dawood has said that Pakistan’s improvement in the World Bank’s business reform report was...
KSE-100 gains 4.46pc in week amid clarity on political, economic fronts
ISLAMABAD:Â Bullish sentiments ruled the Pakistan Stock Exchange (PSX) during the outgoing trading week, lifting the KSE-100 Index by 1,605.73 points or 4.46pc...