LONDON: UK state-owned bank RBS has reported a loss of £3.5bn for 2014, down from a £9bn loss the previous year. The results were hit by a £4bn writedown on the sale of its US business, Citizens.
The bank’s chief executive Ross McEwan confirmed he would not receive a bonus this year. But RBS will still pay out bonuses from a pool of £421m, which is some 21% smaller than in 2013.
KARACHI: The State Bank of Pakistan (SBP) significantly reduced its dollar purchases from the interbank foreign exchange market in May,...
BISHKEK: Pakistan and Kyrgyzstan have made significant progress in strengthening bilateral relations, exchanging 16 agreements and memorandums of understanding in...
LAHORE: The federal government has decided to introduce Punjab's e-Biz portal in Islamabad as part of efforts to simplify business...
ISLAMABAD: Finance Minister Senator Muhammad Aurangzeb has said Pakistan’s economic priorities are moving from stabilisation towards sustainable and inclusive growth,...
