Passers-by are reflected on an electronic board showing Japan’s Nikkei stock average and the Japanese yen’s exchange rate against the U.S. dollar (top) at a brokerage in Tokyo, November 17, 2014 Oil prices were knocked again on Wednesday, with Asian shares and the dollar also pulling back as global growth […]
The Cabinet Committee on Privatisation (CCoP) approved the floor price at Rs105 a share for the divestment of government’s stake in the Allied Bank Limited (ABL)
The Cabinet Committee on Privatisation (CCoP) approved the floor price at Rs105 a share for the divestment of government’s...
ISLAMABAD: Prime Minister Nawaz Sharif has deferred implementation of a decision to increase gas tariff for the second...
KARACHI: Shares rebounded on Friday with the KSE 100- index recouping some of the huge losses as panic subsided over...
ISLAMABAD: As paying taxes has become easier for small and medium enterprises (SMEs) around the world, a report of World Bank Group and a multinational professional services finds that tax filing time has increased by 17 hours in Pakistan due to the introduction of a new provincial VAT (value-added tax) […]Read more ›
KARACHI: Both local and foreign banks in Pakistan have been maximising their investments in government papers, according to the latest State Bank (SBP) report. It shows that five big banks’ over 86 per cent, and foreign banks’ 100pc investments are in government securities. The government papers, mostly Pakistan Investment Bonds […]Read more ›
HONG KONG: Pakistan has mandated four banks to arrange fixed income investor meetings starting Monday ahead of a potential issue of a US dollar-denominated Islamic bond, a document from lead managers said on Sunday. The sovereign, rated Caa1 by Moody’s and B- by Standard & Poor’s, has picked Citigroup, Deutsche […]Read more ›
A BILL to give effect to the financial proposals of the Federal Government for the year beginning on the first day of July, 2014, and to amend and enact certain laws WHEREAS it is expedient to make provisions to give effect to the financial proposals of the Federal Government […]Read more ›
KARACHI: The Engro Corporation announced 2013 full year profit at Rs8.2bn which amounted to earning per share (eps) at Rs16.01 compared to profit of Rs1.3bn (eps: Rs2.61) in same period last year, representing growth by 531 per cent. The board announced specie dividend in the ratio of 1:10 (1 share […]Read more ›
KARACHI: All-Pakistan Cement Manufacturers Association (APCMA) Chairman Mohammad Ali Tabba has urged the Indian high commissioner to intervene in the matter of renewal of Bureau of Indian Standards (BIS) licences which has impeded export of Pakistani cement to India. In a letter to the HC, he said the APCMA members […]Read more ›