Business
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SECP approves framework for open offering of debt, equity securities
ISLAMABAD: Securities and Exchange Commission of Pakistan (SECP) has affirmed administrative structure for open offering of debt and equity securities...
Dar launches PMIC in Islamabad
ISLAMABAD: Pakistan Microfinance Investment Company (PMIC) has been launched on Friday with an aggregate value of Rs6 billion in which...
SBP’s liquid foreign exchange reserves decrease $135m
ISLAMABAD: The liquid foreign exchange reserves amounted to $24.3 billion on Oct 21, down 0.5 per cent from a week...
DAR hails performance of Economic Affairs and Finance Divisions
ISLAMABAD: Senator Mohammad Ishaq Dar, Federal Minister for Finance, Revenue, Economic Affairs, Statistics and Privatization chaired a meeting of the...
NBP’s after-tax profit surges by 11%
LAHORE: Meeting of the Board of Directors (BoD) of National Bank of Pakistan (bank) was held on Thursday at Bank’s...
Lucky Cement profit increases by 9.1% to Rs3.24b
LAKKI MARWAT: Lucky Cement Limited has reported net profit of Rs3.24 billion for the first quarter ended September 30, which...
ADB declines to give fund for $14b Diamer-Bhasha dam project
ISLAMABAD: The Asian Development Bank (ADB) has refused to give funds for the $14 billion Diamer-Bhasha dam project. ADB President...
MCB Bank announces financial performance
LAHORE: The Board of Directors (BoD) of MCB Bank Limited has met under the chairmanship of Mian Mohammad Mansha to...
Cotton price decreases by Rs50 to Rs5,950 per maund
KARACHI: The cotton price in local market has decreased by Rs50 to Rs5,950 per maund due to selling pressure. Barring...
Karachi Dy Mayor seeks tax recoveries from marriage lawns, banquets
KARACHI: Deputy Mayor Dr Arshad Vohra has asked Karachi Metropolitan Corporation's (KMC) Municipal Utility Charges and Tax Department to initiate...
Decision to refund sales tax, income tax to exporters lauded
KARACHI: The United Business Group (UBG) has lauded the finance minister’s announcement that the sales tax refund would be paid...
Drug smuggler gets life-term
PESHAWAR: A local court has awarded life imprisonment to an Afghan national who was arrested and charged with narcotics smuggling....
Pakistan’s economic position improved from 148th to 144th out of 190 countries
ISLAMABAD: Pakistan’s economic position has further improved from 148th to 144th out of 190 countries. Pakistan’s improved performance in the...
NIB Bank posts Rs 422.693 million profit after tax
KARACHI: The profit after tax of NIB Bank Limited (NBL) has increased to Rs 422.693 million in the quarter ended...
ADB president in Pakistan to attend CAREC conference
ISLAMABAD: Takehiko Nakao, President of the Asian Development Bank called on the Federal Minister for Finance, Senator Mohammad Ishaq Dar...
IMF sees good future of Pak economy with continued reforms
ISLAMABAD: The International Monetary Fund (IMF) Tuesday said that improved macroeconomic stability as well as strengthened external buffers and public...
Plea bargain: SC restrains NAB from using powers of settlements
ISLAMABAD: Supreme Court of Pakistan has restrained National Accountability Bureau (NAB) from using powers to clear persons through voluntary return...
NAB to probe Zilla Council, land revenue records in Muzaffargarh, Rajanpur
MULTAN: The National Accountability Bureau (NAB) has authorised an inquiry against officials of Zilla Council and Land Revenue departments of...
Commerce Minister for enhancing market access
ISLAMABAD: Minister for Commerce, Engineer Khurram Dastgir Khan on Monday stressed the need for enhancing market access for developing countries...
Farmers registration starts for interest-free loans
SARGODHA: The agriculture department has started registration of farmers for provision of interest-free loans which will be completed till November...
