Pak-Russia to sign billion dollar energy deal
Russia has shown readiness to export gas by laying an offshore pipeline through Gwadar Port to Pakistan and India
Automatic sharing of information with OECD to commence from September
Fifty-six countries have expressed willingness and officially issued a requisite requirement for automatic exchange of information with Pakistan
OGRA revokes Rs566 mn penalty on Pakistan LNG Limited
Following reports of alleged pressure by former prime minister Shahid Khaqan Abbasi to revoke OGRA’s decision, OGRA has finally decided to cancel the RS560 million penalty placed on PLL for cancelling the import of four LNG cargoes to the country, and pass it on to consumer.
At-Tahur Ltd set to get listed on PSX later this month
This will be the third IPO of the year following Matco Foods and AGP Pharmaceutical’s listing on the bourse in January and February respectively
Rupee plunges to record low against dollar, touches Rs119.35 in kerb market
Many expecting an imminent devaluation of the rupee have started holding onto their dollars foreseeing a better return later
Foreign reserves fall to record low of $10.03 billion
During the week ending May 25, 2018, foreign exchange reserves held by the State Bank of Pakistan (SBP) shrunk by $286.4 million to $10.03 billion, down 2.7 per cent.
PML-N’s performance review contrary to claims
High fiscal slippage, falling reserves, and rising debt major threat to the economy.
IMC issues recall for 1,719 Toyota Corolla Altis 1.8L Grande vehicles
This fourth recall in a period of thirteen months takes the accumulative recalls of Toyota Corolla vehicles by Indus Motors to 16,719 units
Ali Jahangir Siddiqui in hot waters once again as NAB expands investigation
Azgard Nine Limited, JS Global, Swiss Bank Julius Baer and Securities and Exchange Commission all alleged in illegal remittances worth €23.75 million.
Will the new boss at the PSX clean house?
The new CEO of the country’s only stock exchange has big plans to expand investor participation in Pakistan. But does he dare take on the power of the brokers?
Shan Foods, intent on spicing it up with a listing on the bourse
With disposable incomes on the rise, the Pakistani international spices giant not just doubles its size in the last three years, but with new products and an acquisition part of its expansion plans, the family-run business is evaluating tapping into funds from the capital market
Why funding is no object for Pak-Qatar Investment
Backed by very strong sponsors, from amongst Qatar’s royals, the company has never faced any issue in calling capital
Pakistan set to get $1-2 billion from China to boost forex reserves
In the past three weeks, reserves have declined by $1.2 billion and now stand at two months worth of import cover
Exporters not following packaging standards for mango exports
ISLAMABAD: With the commencement of mango exports from May 12, registered exporters have complained that mangoes are largely being exported without following the...
SBP raises policy rate by 50 basis points to 6.5 percent
Pakistan's economic growth provisionally was expected to reach a thirteen-year high of 5.8 percent for outgoing financial year 2017-18