The board of directors has appointed Mr. Sulaiman S. Mehdi, Chief executive officer of private equity firm Cyan Limited, as… Read More
Federal Reserve Orders UBL to Strengthen its Anti-Money Laundering Practices
The Federal Reserve in US on Thursday ordered United Bank Limited to toughen its anti-money laundering policies and faulted the… Read More
Despite Price Hikes, Shipments for Locally Assembled Cars Rise by 23%
Pakistan’s locally assembled auto volumes in FY18 increased by 23% YoY to 339,465 units, mainly attributable to growth in car… Read More
Substantial Progress Made in 22 CPEC Projects Worth $28.6 Billion: Finance Minister
The Caretaker Minister for Finance, Planning, Development and Reform, Dr. Shamshad Akhtar, on Tuesday, said that substantive growth had been… Read More
NAB Chief Vows to Ensure Transparency in CPEC-Related Projects
Chairman National Accountability Bureau (NAB), Justice (Retd) Javed Iqbal, has said that the Bureau would continue playing its role for… Read More
Pakistan’s First Alloy Wheels Manufacturing Company to Get Listed on PSX
Loads Limited’s wholly-owned subsidiary Hi-Tech Autoparts Limited is gearing up for a listing on the Pakistan Stock Exchange (PSX). In… Read More
FIA Seeks Details of Summit Bank’s Equity Over Money Laundering Case
The Federal Investigation Agency (FIA) has approached State Bank of Pakistan (SBP) and Security Exchange Company of Pakistan (SECP) seeking… Read More
PSX Loses 1,146 Points to Close at its Lowest Level in 2018
A bloodbath was seen at the Pakistan Stock Exchange (PSX) today, where political happenings dictated the sentiments of investors and… Read More
Record Breaking Rainfall Helps Ease Power Generation Problems: Report
Pakistan State Oil (PSO) has reduced its fuel oil imports for power generation as monsoon rains have lowered the demand… Read More
Pakistan Asks China for More Loans to Avoid Foreign Currency Crisis
Pakistan has asked China to keep lending it money to prevent a foreign currency crisis, warning that Beijing’s planned $60bn… Read More
Daily Stock Report: Market Suffers Biggest Drop in a Day in 2018 So Far
A bloodbath was seen at the Pakistan Stock Exchange (PSX) today, with the benchmark KSE-100 index suffering the biggest intra-day… Read More
Mega Conglomerate Withdraws Bid to Acquire Dewan Cement
Mega Conglomerate announced to withdraw its bid to acquire 87.5 percent majority stake in Dewan Cement. In a notification sent… Read More
