Banking sector profits surge 48pc in 9M2019
Banking sector profitability rose to Rs45.5 billion in the third quarter of 2019, up 48pc when compared with the same period last...
Samsung Electronics third-quarter net profit slumps 52pc
Samsung Electronics, the world's largest smartphone and memory chip maker, saw net profits slump by more than half in the third quarter,...
China rolls out 5G services in race to narrow tech gap
BEIJING: China's three major state telecom operators rolled out 5G wireless technology Thursday, as the country races to narrow its technology gap...
Silk Bank seeks extra time to assess value of additional collateral obtained
KARACHI: Silk Bank has requested additional time from the State Bank of Pakistan (SBP) to assess the value of additional collateral obtained...
Potential buyer approaches FFBL for acquisition of Fauji Meat
KARACHI: Fauji Fertiliser Bin Qasim Limited (FFBL) informed in a notice sent to the Pakistan Stock Exchange (PSX) that it has been...
ARY Communications expresses interest to buy controlling stake in World Call Telecom
KARACHI: ARY Communications Limited has made a Public Announcement of Intention to acquire 51% of the issued and paid up share capital...
Pakistan asks IMF to separate FATF from $6 billion loan programme
ISLAMABAD: Pakistan has asked the International Monetary Fund (IMF) to relax conditions under the $6 billion Extended Fund Facility (EFF) relating to...
IT exports grow 14 percent in first quarter of FY20
ISLAMABAD: Pakistan’s information technology sector exports witnessed 14 percent growth in the first quarter (July-September) 2019-2020 to reach $234.607 million compared to...
FBR initiates tax inquiry against non-profit organisations
KARACHI: The Federal Board of Revenue (FBR) has started fresh evaluations of non-profit organisations (NPOs) to verify if they qualify for tax...
Vitol decides to increase financial holding in Hascol
Vitol Group Ltd has decided to increase its stake in Pakistan fuel retailer Hascol Petroleum Ltd.
Sahibzada Jahangir, Spokesperson of Prime Minister on...
Pakistanis lost millions of dollars in OneCoin scam
Pakistanis have been a victim to the world's biggest crypto-scam that jolted the digital scene this year.
According to a private media outlet,...
SECP warns public against investing in FS Links
ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) on Wednesday warned the public against investing in "FS Links (SMC-Private) Limited", which had...
Govt lifts ban on new CNG connections
ISLAMABAD: In a decision that could give a new life to the Compressed Natural Gas (CNG) sector, the government has lifted the ban...
World Bank president to arrive in Islamabad tomorrow
World Bank President David Malpass is scheduled to arrive in Pakistan on a two-day visit tomorrow (Thursday).
As per media reports, David Malpass...
Conspiracies being hatched to shelve North-South Gas Pipeline Project
ISLAMABAD: Influential people saddled in the Ministry of Petroleum and its subsidiaries have started hatching conspiracies to shelve the North-South Gas Pipeline...