Pakistan escapes downgrade to frontier by MSCI, UBL & Lucky Cement stocks demoted
United Bank Limited and Lucky Cement have been removed from the MSCI Global Standard Index Pakistan and have been demoted to MSCI Global Small Cap Indexes
Govt set to shock electricity consumers
–Govt decides to withdraw Rs146bn subsidy being given to domestic consumers
–Power Ministry proposes up to Rs20.70 per unit increase in price of...
Pakistan risks foreign investment with threat to reopen LNG deals: Former PM
Exxon Mobil returned to Pakistan in May with an investment in an offshore drilling project. It has expressed interest in building an LNG terminal in the country
Haleeb gunning to reform, modernize itself to compete in dairy sector
Haleeb is focusing on bolstering its research and development (R&D) segment to challenge multinational food giants considering the presence of two multinationals and expected acquisition of Fauji Foods by China-based Yili industrial group
IMF raises questions over measures to rein in fiscal deficit
IMF pondered over how the government aimed to achieve the projected fiscal deficit target of 5.1% when the development programme had been slashed severely
ECC approves Rs17bn support package for PIA
Committee approves to raise fresh financing of Rs35.806bn for PHPL through a syndicate of banks
SSGCL directed to withdraw gas load...
Naeemuddin Khan resigns as BoP’s president
Mr Khan took over as President of BoP in Oct 2008 when it was besieged by the threat of bankruptcy and allegations of financial misappropriation to the tune of billions of rupees
PM warns of disbanding FBR, terms performance unsatisfactory
PM expresses displeasure over the tax regulator's performance, states a new institution could be established for this purpose
Pakistan to hold policy-level talks with IMF this week
IMF also likely to visit NAB, review anti-corruption framework
Thar 660MW lignite coal power plant all set to become operational by Jan 2019
‘It’s time we start working in the direction to produce gas through coal’, says Sindh Engro Coal Mining Company's CEO.Â
Alleged use of foreign data services behind hacking of banks
Agents of a foreign company are allegedly offering lucrative incentives to the high-ranked officials of the banks
ISLAMABAD: Despite the availability of a...
Pakistan to repay $1.7 billion on account of foreign debt till December
According to finance ministry projections, Pakistan will have to repay around $700 million to multilateral creditors, $400 million to bilateral creditors, $76 million to the IMF, $298 million in shape of commercial loans and $200 million due to bond repayments in October-December period
Naeemuddin Khan resigns from BoP, govt mulling to appoint Citi banker as next NBP president
Atif Bukhari, Nadeem Lodhi, Arif Usmani, Wajahat Hussain and Javed Kureishi were shortlisted for the post of NBP president
Govt provides details to IMF team about ‘wealth fund’
In regard to the wealth fund, the IMF was informed it would shortly create it with a focus to make these loss-incurring SOEs operational and profitable via financing from the fund
Interloop, manufacturer of socks for Adidas, Nike set for IPO
Interloop intends to raise over Rs6.8 billion ($51 million) for expanding its sock manufacturing capacity by approximately 20% and enter the denim business