Inflation jumps in Dec’22 despite finance ministry claims
ISLAMABAD: Inflation continued to soar in December 2022 proving the forecast of the finance ministry wrong which had been claiming that inflation...
JDW Sugar Mills completes two-million share buyback
JDW Sugar Mills Limited (JDWS) has completed a share buyback of 2 million shares. The company made the announcement to the Pakistan...
From smoke of corruption scandal, Summit emerges as Islamic Banking hopeful
After a cautious return to public attention at the start of 2022, one entire year later Summit Bank has decided to convert...
Close calls and abysmal lows – the economy in 2022Â
LAHORE: Even compared to the unchartered territories of the COVID years, 2022 was a wild ride for Pakistan and the global economy....
PIA to undergo EASA audit to determine whether EU operations will restart
LAHORE: The European Union Aviation Safety Agency (EASA) is scheduled to conduct a remote safety audit of the Pakistan International Airlines (PIA)...
Flood devastation to keep economic growth below target: finance ministry
ISLAMABAD: The finance ministry has hinted that economic growth is likely to remain below the budgeted target of 5 percent due to...
Faysal Bank branches now 100% Islamic; awarded Islamic Banking license
Faysal Bank has completed its transition to a complete Islamic bank after the State Bank of Pakistan (SBP) issued FBL an Islamic...
Bank Alfalah completes biggest 200m buyback, while IFC given partial exit
Bank Alfalah Limited (BAFL) has completed the purchase/buy-back of 200 million shares, the biggest buyback volume of 2022. On the last trading...
Govt likely to maintain fuel prices at current level for first half of January
ISLAMABAD: The government will sit and wait for at least the first half of January before announcing any change in the prices...
Russian energy imports discussed in virtual meeting
ISLAMABAD: An online meeting between Russian Ministry of Energy and Minister of State for Petroleum along with other public and private stakeholders...
Ministry of industry proposes subsidised E-Bike scheme
ISLAMABAD: In a move to reduce usage of costlier fuel and protection of environment, the ministry of Industries and Production has devised...
Talks with Saudi Arabia for getting $3bn going on, Ayesha Ghous Pasha
ISLAMABAD: Minister of State for Finance and Revenue, Dr Ayesha Ghous Pasha has assured that talks with Saudi Arabia for getting three...
Imports rise, exports dip putting Pak’s $5.82bn reserves in troubleÂ
KARACHI, ISLAMABAD: The State Bank of Pakistan’s liquid foreign reserves dropped $294 million in the last week, bringing the reserves to an...
Is the govt turning a blind eye to the Rs1.5bn it is owed by two oil & gas companies?Â
ISLAMABAD: Two companies involved in the exploration of oil and gas in Pakistan are willfully defaulting on their obligations to pay outstanding...
Engro Fertilizers increases base plant urea capacity to 950,000 tons
ISLAMABAD: Engro Fertilizers Limited (EFERT), in a notice to the Pakistan Stock Exchange (PSX) on Thursday, announced that its base plant is...