Stocks storm past 42,000-level as volume hits decade high
KARACHI: Investors of the Pakistan Stock Exchange witnessed another exciting session on Thursday, as the benchmark index continued to accumulate gains while...
Maple Leaf Capital raises stakes in Pioneer Cement to 10.9pc
KARACHI/LAHORE: Maple Leaf Capital Limited, in a notification issued to the Pakistan Stock Exchange (PSX) on Thursday, reported that the company has...
PC approves transaction structure for Pakistan Steel Mills
ISLAMABAD: The Privatisation Commission Board on Thursday approved the transaction structure for Pakistan Steel Mills.
The meeting of the PC Board was held...
Fire at Karachi oil terminal leaves two dead, interrupts petroleum supply across Pakistan
A massive fire erupted at an oil terminal at Karachi's Keamari locality on Thursday, leaving at least two people dead and interrupting...
Telenor Pakistan CEO shares expansion plans with finance adviser
Irfan Wahab says fresh injection of $45m into Telenor Microfinance Bank/Easypaisa will help strengthen Pakistan's digital payment ecosystem
Pakistan’s GrocerApp secures $1m seed funding, former Amazon executive joins board
LAHORE: Popular online grocery delivery startup GrocerApp has raised $1 million in seed funding from investors that include former Amazon executives and...
Citibank Pakistan CEO Nadeem Lodhi resigns
KARACHI: Nadeem Lodhi, the chief executive officer (CEO) of Citibank Pakistan has handed in his resignation to Citibank, and will officially retire...
Najam Sethi appoints ex-PSL marketing head as Mitchell’s new CEO
Mitchell’s Fruit Farms Limited (MFFL), in a notification issued to the Pakistan Stock Exchange (PSX), has announced the appointment of Naila Bhatti...
Oil drops 1.5pc, reversing course as US gasoline demand slumps
NEW YORK: Oil fell more than 1.5pc on Wednesday, reversing course as gasoline demand fell in the United States in the latest...
India bans PUBG, 117 other apps as it takes aim at China tech
BENGALURU: India has banned another 118 mostly Chinese mobile apps including Tencent Holdings Ltd’s popular videogame PUBG, citing data security concerns, according...
FBR’s arm identifies 19 suspected benami vehicles
ISLAMABAD: The Federal Board of Revenue's (FBR) anti-benami zone has identified 19 suspected benami vehicles in Karachi.
Sources said that anti-benami zone III...
SBP revises banks’ sensitivity risk guidelines
KARACHI: The State Bank of Pakistan has revised its guidelines on stress testing of the banking sector. The new guidelines will replace...
ECC okays $142m to meet financial needs of PIA’s Roosevelt Hotel
ISLAMABAD: The Economic Coordination Committee (ECC) on Wednesday approved $142 million to meet the financial requirements of PIA's Roosevelt hotel.
Adviser to Prime...
President Alvi for devising e-strategy on agriculture
ISLAMABAD: President Dr Arif Alvi has said that it is imperative for the country to devise an "e-strategy on agriculture" and introduce...
AGP to conduct audit on govt agencies’ readiness to tackle rain emergencies
ISLAMABAD: The auditor general of Pakistan (AGP) has decided to conduct a special audit on the preparation of government agencies to meet...