SECP issues draft amendments to AML/CFT regulations
ISLAMABAD: The Securities and Exchange Commission of Pakistan has issued draft amendments to Anti-Money laundering (AML) and Counter Financing of Terrorism (CFT) Regulations,...
Bank AL Habib declares Rs11.17bn profit after tax
The Board of Directors of Bank AL Habib Limited (the Bank) has announced the financial results for the year ended December 31,...
Govt to sell off six PSEs to generate Rs150bn
ISLAMABAD: The federal government has decided to privatise six loss-making public sector enterprises (PSEs) –SMEs Bank, First Women Bank, Haveli- Bahadur Shah and...
China first-quarter growth may dip below 5pc as virus spreads
BEIJING: China’s economic growth may drop to 5pc or even lower due to the coronavirus outbreak, possibly pushing policymakers into introducing more stimulus...
PRA urged to reduce sales tax on BPO services
'Software houses are currently paying 16pc tax on their services, which should be brought down to 5pc'
Turkmenistan agrees to revisit TAPI gas price
ISLAMABAD: Turkmenistan has expressed its willingness to revisit the gas price of Turkmenistan-Afghanistan-Pakistan-India (TAPI) Gas Pipeline Project and the Pakistani government has constituted...
TDAP to participate in Argentina textile fair
ISLAMABAD: The Trade Development Authority of Pakistan (TDAP) is all set to participate in a textile fair scheduled to be held in...
Bearish spell continues as KSE-100 sheds 400 points
KARACHI: After a positive start to the trading session, the Pakistan Stock Exchange (PSX) once again fell under the radar of bears,...
Service of Credit Suisse, others hired to sell OGDCL, PPL stakes
ISLAMABAD: The Privatisation Commission has hired a group of Credit Suisse, Arif Habib and AKD Sec to help sell a stake in ...
Deadline for filing professional, property tax extended till Jan 31
KARACHI: Sindh Minister for Excise and Taxation Mukesh Kumar Chawla has directed the department to extend the deadline for filing property and...
State Bank introduces Rs200 billion exports stimulus
KARACHI: The State Bank of Pakistan (SBP) has extended the scope of Long Term Financing Facility (LTFF) to cover all permissible export-oriented...
Pak-IMF talks for third tranche of $450m to begin from Feb 3
ISLAMABAD: Pakistan and the International Monetary Fund (IMF) will hold talks starting from February 3 for disbursement of third tranche of about...
Nadeem urges KSA to explore investment potential in Pakistan
ISLAMABAD: Ambassador of Saudi Arabia to Pakistan Nawaf bin Said Al- Malki called on Special Assistant to Prime Minister on Petroleum Nadeem...
46 retailers using POS integrate with FBR
ISLAMABAD: About 46 retailers using point of sale (POS) software have integrated themselves with the Federal Board of Revenue (FBR).
Names of vendors, their...
Markets rebound after facing worst days due to China virus
LONDON: European markets rebounded on Tuesday after the previous day’s thumping, which saw investors worried about the economic fallout from the coronavirus...