Summit–Sindh Bank merger takes another turn, share swap ratio revised again
Ahsan Raza Durrani appointed as acting president and chief executive officer/executive director as Sindh Bank-Summit Bank merger has come under scrutiny due to alleged financial irregularities.
Pakistani companies get equal share in CPEC: report
ISLAMABAD: Since the beginning of the massive China-Pakistan Economic Corridor
(CPEC) project, there has been occasional criticism, including some complaints that projects under...
Experts confident in state of economy, markets despite jittery history
PSX’s post-election rally hit a brick wall just when US Secretary of State Mike Pompeo poured cold water on the IMF plan.
Possible IMF bailout to increase cost of doing business, deny PTI’s economic agenda
According to economists, the next program of the IMF, if secured by Pakistan, will accompany stringent terms and conditions which could be included the increase the price of electricity, gas and other utility services
Naya minister, meet purani ministry
The minister is already inheriting the purani ministry and if he fails to come up with a strategy for raising revenue, he will be the same as the purana minister himself
Is Open Skies really causing trouble for Pakistani airlines?
Domestic aviation industry experts insist that liberal aviation policies are hurting their competitiveness, but the truth is much more complicated
Can drip irrigation eradicate Pakistan’s water crisis and food insecurity?
To save water, the country needs to replace its age-old method of irrigating crops with improved
yield and quality being tangible benefits
Rupee stronger against the dollar
Market Analyst Hammad Malik told Profit, “I think Rs125 is a fair price against the greenback and it will likely revolve around it.”
China sanctions $2b loan for Pakistan to stem decline in forex reserves
The sources shared $1 billion had already been received in the SBP’s accounts and would be shown in the reserves data to be released next Thursday (August 2nd)
Pakistan’s Imran Khan faces tough test in looming economic crisis
Pakistan’s central bank has devalued the currency four times since December, weakening the rupee by more than 20 percent, amid efforts to avert a balance of payments crisis in the $305 billion (£232.5 billion) economy
Rupee consolidates gains against dollar, sheds 21 paisa in inter-bank market
Rupee had gained Rs1.10 per dollar on Thursday in the kerb market
Economists, business community welcome Imran Khan’s pledges for economy, good governance
ISLAMABAD: While the incoming government of Pakistan Tehrik-e-Insaf (PTI) is going to immediately face a dire economic situation, economists have welcomed the...
Will PTI cure the economic malaise left by PML-N?
Amongst a multitude of challenges facing PTI are the depleting foreign exchange reserves, burgeoning trade and current account deficits and eroding value of the rupee
Pakistan dollar bonds rise as election results awaited -Tradeweb
The 2025 eurobond jumped 2.2 cents to 102 cents in the dollar according to Tradeweb data, the highest since June 1. The 2024 issue rose 1.7 cents to 101.7 cents, the highest in almost two months
Nishat Chunian sells 100 percent stake in NCEL
The sole business of NECL is operating cinema screens in Lahore and Multan.