Foreign investors pull $26 billion out of Asian markets
WASHINGTON: Amidst the global economic recession due to the coronavirus pandemic, foreign investors have pulled out an estimated US$26 billion (Rs4,176 billion)...
Bank Al-Habib acquires Habib Asset Management Limited
Bank Al Habib Limited on Thursday revealed that it has acquired Habib Asset Management Limited (HAML) after receiving regulatory approvals from the...
India’s attempt to become world’s next factory is self-righteous
BEIJING: India’s attempt to replace China’s role in the global industrial chain and become the world’s next factory reflect nothing but nationalistic...
TRG Pakistan signs 5-year service agreement with US telecom provider
TRG Pakistan Limited on Thursday announced that one of its portfolio companies in the enterprise software industry has signed a pay-for-performance, five-year...
Rolls-Royce to cut at least 9,000 jobs
LONDON: The British makers of plane engines, Rolls-Royce, will cut at least 9,000 jobs and slash costs elsewhere, as the coronavirus hammers...
Coronavirus: UK inflation dives on oil-price crash
LONDON: British inflation hit a near four-year low in April as oil prices crashed, official data showed Wednesday, with the rate set...
Selected bank branches to open on May 27: SBP
KARACHI: Banks and microfinance banks may open select branches on Wednesday, May 27, the State Bank of Pakistan (SBP) has said.
“In order ...
Khyber Pakhtunkhwa slashes uplift budget by 50 per cent
PESHAWAR: The Khyber Pakhtunkhwa government has slashed the developmental budget by 50 per cent for the ongoing financial year due to the coronavirus-induced...
SBP raises Rs167.3bn from T-bill auction
KARACHI: The State Bank of Pakistan (SBP) has reported that the government raised Rs167.3 billion through T-bills, against the auction target of...
‘Govt committed to realising country’s transshipment potential’
ISLAMABAD: Adviser to Prime Minister on Commerce and Investment Abdul Razak Dawood said on Wednesday that the government can play a role...
PM Imran seeks debt relief to pump money into health sector
–PM says several developing countries don’t have fiscal space to strengthen healthcare system due to debt-servicing
–Says govt decided to ease lockdown due to...
US lauded for supporting Pakistan on FATF, Covid-19, G-20 debt relief
Adviser to Prime Minister on Finance and Revenue Dr Abdul Hafeez Shaikh has said that Pakistan appreciates the support extended by the...
124 MoF officers promoted to grade-18
ISLAMABAD: The Ministry of Finance on Wednesday promoted 124 accounts' officers to grade 18.
According to sources, a meeting was held under the...
BOP’s profit drops to Rs1.5bn in Q12020
LAHORE: The Board of Directors of The Bank of Punjab (BOP) met recently to consider and approve the unaudited financial statements for the...
‘Trade officers to be tasked to secure investments for FIEDMC’
Dawood says govt chalking out 'comprehensive solutions' to ensure sustainable economic growth in wake of Covid-19