Bank Makramah Limited (PSX: BML) and Abdulla Nasser Abdulla Hussain Lootah have entered into an Agreement under which the latter will deposit… Read More
Profit-Taking Sees PSX Lose Over 570 Points
The 100-Index of the Pakistan Stock Exchange (PSX) turned bearish on Wednesday, losing 577.52 points to close at 90,286.57 points.… Read More
PM Shehbaz for Keeping Momentum to Develop Strong Pak-Saudi Economic Partnership
Prime Minister Shehbaz Sharif Wednesday met with the Saudi Investment Minister Engr. Khalid bin Abdulaziz Al-Falih and Advisor at the… Read More
Govt’s Tax Policies Are Stifling Pakistan’s Growth
The National Tariff Policy (2019-24) was a step in the right direction but remained ineffective in removing rigidities and simplifying… Read More
NBP Profit Down by Whopping 91% in 9 Months of 2024
NBP announced its 3QCY24 earnings at Rs. 2.96 billion (EPS: Rs. 1.39), marking a significant 76 percent decline YoY, though… Read More
Gas Companies Seek Price Hike of Up to 54%
Pakistan’s two gas distribution companies, Sui Southern Gas Company Limited (SSGCL) and Sui Northern Gas Pipelines Limited (SNGPL) have sought… Read More
Ishaq Dar Wants to Bring Dollar at Rs. 235
Deputy Prime Minister and Foreign Minister Ishaq Dar has strongly voiced his feelings against supporters of a free-floating exchange rate… Read More
FBR Strongly Opposes KP Govt’s 2% Development Cess on Export Consignments
The Federal Board of Revenue (FBR) has strongly opposed the imposition of a 2 percent Infrastructure Development Cess (IDC) by… Read More
SBP Adopts AAOIFI Shariah Standards For Islamic Banking
The State Bank of Pakistan (SBP) has adopted Accounting and Auditing Organization for Islamic Financial Institutions’ (AAOIFI) Shariah Standards for… Read More
Foreign Govts Unhappy With Pakistan’s Treatment of IPPs
Pakistan has started getting worrying messages from other foreign governments over recent “one-sided” deals with Independent Power Producers (IPPs). The… Read More
FBR Increases Property Rates By Up to 75% Across 56 Cities in Pakistan
The Federal Board of Revenue (FBR) has upward revised values of immovable properties in all major cities across the country. … Read More
PIA Auction in Jeopardy as Just One Bidder Submits Earnest Money
Only one of the six companies (Blue World City), prequalified for the privatization of Pakistan International Airlines (PIA), has formalized… Read More
