MCB Bank on Monday announced that the State Bank of Pakistan (SBP) had granted clearance for the reappointment of Imran Maqbool as President/CEO of MCB Bank for the next three years effective December 21st, 2018.
MCB Bank on Monday announced that the State Bank of Pakistan (SBP) had granted clearance for the reappointment of Imran Maqbool as President/CEO of MCB Bank for the next three years effective December 21st, 2018.
MCB Bank on Monday announced that the State Bank of Pakistan (SBP) had granted clearance for the reappointment of Imran Maqbool as President/CEO of MCB Bank for the next three years effective December 21st, 2018.
The Federal Board of Revenue (FBR) has extended date for filing of revised returns (not statements) under section 214E of the Income Tax Ordinance, 2001 up to January 31, 2019. The FBR has issued a Corrigendum of Circular 10/2018 (Income Tax) here on Wedn
The Federal Board of Revenue (FBR) has extended date for filing of revised returns (not statements) under section 214E of the Income Tax Ordinance, 2001 up to January 31, 2019. The FBR has issued a Corrigendum of Circular 10/2018 (Income Tax) here on Wedn
The Federal Board of Revenue (FBR) has extended date for filing of revised returns (not statements) under section 214E of the Income Tax Ordinance, 2001 up to January 31, 2019. The FBR has issued a Corrigendum of Circular 10/2018 (Income Tax) here on Wedn
The power transmission systems of NTDC and power Distribution Companies (Discos) on Wednesday tripped due to heavy smog and technical fault unleashing extended loadshedding across Pakistan. NTDC officials confirmed that that Guddu power plant, Baloki powe
The power transmission systems of NTDC and power Distribution Companies (Discos) on Wednesday tripped due to heavy smog and technical fault unleashing extended loadshedding across Pakistan. NTDC officials confirmed that that Guddu power plant, Baloki powe
In a bid to freshen its air and cut planet-warming emissions, the port city of Karachi will introduce cleaner-running buses powered by a decidedly "unclean" fuel: cow poo. With funding from the international Green Climate Fund, Karachi will launch a zero-
A former British officer who arrived in Pakistan with the Raj and stayed to become one of its most famous educators, with students including Prime Minister Imran Khan, has died in Lahore aged 101, officials said Wednesday. Major Geoffrey Douglas Langlands
A former British officer who arrived in Pakistan with the Raj and stayed to become one of its most famous educators, with students including Prime Minister Imran Khan, has died in Lahore aged 101, officials said Wednesday. Major Geoffrey Douglas Langlands
Chairman, Water and Power Development Authority (Wapda) Lt-Gen Muzammil Hussain (retd) on Wednesday came on the front foot to defend M/s Descon, a company owned by Prime Minister''s Adviser on Commerce, Textile, Industries and Production and Investment, m
Chairman, Water and Power Development Authority (Wapda) Lt-Gen Muzammil Hussain (retd) on Wednesday came on the front foot to defend M/s Descon, a company owned by Prime Minister's Adviser on Commerce, Textile, Industries and Production and Investment, ma
Chairman, Water and Power Development Authority (Wapda) Lt-Gen Muzammil Hussain (retd) on Wednesday came on the front foot to defend M/s Descon, a company owned by Prime Minister's Adviser on Commerce, Textile, Industries and Production and Investment, ma
The federal government raised petroleum levy (PL) on petrol by 42 percent and high speed diesel by 126 percent effective 1 January 2019. Oil and Gas Regulatory Authority (Ogra) had proposed a reduction in price of POL based on a 17 percent across the boar
The federal government raised petroleum levy (PL) on petrol by 42 percent and high speed diesel by 126 percent effective 1 January 2019. Oil and Gas Regulatory Authority (Ogra) had proposed a reduction in price of POL based on a 17 percent across the boar
The federal government raised petroleum levy (PL) on petrol by 42 percent and high speed diesel by 126 percent effective 1 January 2019. Oil and Gas Regulatory Authority (Ogra) had proposed a reduction in price of POL based on a 17 percent across the boar
President Dr Arif Alvi Wednesday approved a summary for appointment of Justice Asif Saeed Khosa as new chief justice of Pakistan. According to a notification issued by the Law Ministry, "The President is pleased to appoint Justice Asif Saeed Khan Khosa, t
President Dr Arif Alvi Wednesday approved a summary for appointment of Justice Asif Saeed Khosa as new chief justice of Pakistan. According to a notification issued by the Law Ministry, "The President is pleased to appoint Justice Asif Saeed Khan Khosa, t
A major economic distortion that has not attracted sufficient attention from analysts is the state of country's bond market, primarily comprising government securities. For nearly 18 months, the market is effectively dysfunctional.
A major economic distortion that has not attracted sufficient attention from analysts is the state of country's bond market, primarily comprising government securities. For nearly 18 months, the market is effectively dysfunctional.
The recent visit of Army Chief General Qamar Javed Bajwa to Qatar, a few days prior to the United Arab Emirates (UAE) pledge to release $ 3 billion to Pakistan to help a friend at a critical time, is just coincidental, well-informed sources told Busine
The recent visit of Army Chief General Qamar Javed Bajwa to Qatar, a few days prior to the United Arab Emirates (UAE) pledge to release $ 3 billion to Pakistan to help a friend at a critical time, is just coincidental, well-informed sources told Busine
Pakistan will receive another $1 billion from Saudi Arabia in the ongoing month while the United Arab Emirates (UAE) has committed $3 billion for balance of payment position. This was stated by Additional Secretary International Finance Mohammad Sohail wh
Pakistan will receive another $1 billion from Saudi Arabia in the ongoing month while the United Arab Emirates (UAE) has committed $3 billion for balance of payment position. This was stated by Additional Secretary International Finance Mohammad Sohail wh
Pakistan will receive another $1 billion from Saudi Arabia in the ongoing month while the United Arab Emirates (UAE) has committed $3 billion for balance of payment position. This was stated by Additional Secretary International Finance Mohammad Sohail wh
A high-level UAE delegation is due in the federal capital in the next few days where the matter pertaining to government of Pakistan-Etisalat is likely to be resolved, said Secretary Privatisation Rizwan Malik. "The government is actively pursuing the lon
A high-level UAE delegation is due in the federal capital in the next few days where the matter pertaining to government of Pakistan-Etisalat is likely to be resolved, said Secretary Privatisation Rizwan Malik. "The government is actively pursuing the lon
A high-level UAE delegation is due in the federal capital in the next few days where the matter pertaining to government of Pakistan-Etisalat is likely to be resolved, said Secretary Privatisation Rizwan Malik. "The government is actively pursuing the lon
Pakistan Stock Exchange remained under pressure due to selling in various sectors. BRIndex100 lost 19.69 points or 0.5 percent to close at 3,934.54 points on Wednesday. During the session, the BRIndex-100 touched an intraday high of 4,018.75 and an intrad
Pakistan Stock Exchange remained under pressure due to selling in various sectors. BRIndex100 lost 19.69 points or 0.5 percent to close at 3,934.54 points on Wednesday. During the session, the BRIndex-100 touched an intraday high of 4,018.75 and an intrad
Pakistan Stock Exchange remained under pressure due to selling in various sectors. BRIndex100 lost 19.69 points or 0.5 percent to close at 3,934.54 points on Wednesday. During the session, the BRIndex-100 touched an intraday high of 4,018.75 and an intrad
Taiwan's unification with the mainland is "inevitable", President Xi Jinping said Wednesday, warning against any efforts to promote the island's independence and saying China would not renounce the option of using military force to bring it into the fold.
Taiwan's unification with the mainland is "inevitable", President Xi Jinping said Wednesday, warning against any efforts to promote the island's independence and saying China would not renounce the option of using military force to bring it into the fold.
The National Accountability Bureau (NAB) Wednesday started investigation against former prime minister and then petroleum minister Shahid Khaqan Abbasi for alleged misuse of power with respect to liquefied natural gas (LNG) terminal project. An official s
The National Accountability Bureau (NAB) Wednesday started investigation against former prime minister and then petroleum minister Shahid Khaqan Abbasi for alleged misuse of power with respect to liquefied natural gas (LNG) terminal project. An official s
The federal government has constituted the Exit Control List (ECL) Review Committee, under the Interior Ministry, to review the names of 172 individuals placed on the ECL on the recommendation of a joint investigation team (JIT) probing the fake accounts
The federal government has constituted the Exit Control List (ECL) Review Committee, under the Interior Ministry, to review the names of 172 individuals placed on the ECL on the recommendation of a joint investigation team (JIT) probing the fake accounts
The rupee gave up overnight firmness against the dollar on the money market on Wednesday, dealers said. The rupee slipped slightly in relation to the dollar for buying and selling at Rs 138.89 and Rs 138.91 respectively.
The rupee gave up overnight firmness against the dollar on the money market on Wednesday, dealers said. The rupee slipped slightly in relation to the dollar for buying and selling at Rs 138.89 and Rs 138.91 respectively.
Interest rates on new foreign currency deposits issued by the Treasury Management Division of National Bank of Pakistan on Wednesday (January 02, 2019).
Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than those brought under FE Circular No: 45 of 1985) and on deposits (brought under FE Circular No: 45 of 1985) - issued by the Foreign Exchange Rates Commi
Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special US Dollar bonds and profits thereon by all banks and also for providing forward cover on foreign currency d
Egypt's blue-chip stock index rose sharply on Wednesday, boosted by its biggest bank, while all major Gulf markets were weak, with some investors away on year-end holidays. The Egyptian index rose 1.3 percent as Commercial International Bank gained 1.9 pe
Investors have been priming themselves for a potentially huge influx of companies selling stock to the public for the first time, led by ridesharing game changers Uber and Lyft, but the outlook is more uncertain with the vicious return of volatility to th
Wall Street was little changed on Wednesday, clawing back from losses of more than 1 percent earlier, as gains in energy and bank stocks helped offset worries about a global economic slowdown.
Hong Kong shares slumped in the first trading day of 2019 as investors digested disappointing data out of China that showed a contraction of manufacturing activity in December, adding to concerns over trade and an economic slowdown. At the close of trade,
Most Southeast Asian stocks erased early gains to end in the red on Wednesday with Malaysia losing the most, as disappointing Chinese economic data and a barrage of other dismal economic indicators stoked fears of a slowdown. In China - the region's large
Indian shares fell over 1 percent on Wednesday, dragged by auto stocks after disappointing December sales data, while stocks across the globe started 2019 on a downbeat note. The benchmark BSE index closed down 1 percent at 35,891.52. The broader NSE inde
China stocks started 2019 on a bearish note, closing lower on Wednesday, as lacklustre economic data stoked worries about a global slowdown. The blue-chip CSI300 index fell 1.4 percent to 2,969.54 points, while the Shanghai Composite Index ended down 1.1
European shares lost further ground in their first trading day of 2019 on Wednesday as fears about global growth, trade wars and political instability rolled over into the new year while investors sought safety in stocks considered less risky. While senti
The Colombo stock index ended 0.16 percent firmer at 6,062.20 on Wednesday. The bourse lost 5 percent in 2018. Turnover was 211.5 million rupees, well below last year's daily average of 834 million rupees. Foreign investors were net buyers of 19.2 million
Australian shares ended lower on Wednesday on the first trading day of the year as a disappointing Chinese manufacturing survey raised concerns about the health of the world's second largest economy and Australia's largest trading partner. The S&P/ASX 200
British shares clawed back losses on Wednesday to end the year's first trading day on a positive note after a disastrous 2018, helped by investor appetite for stocks deemed less risky and also by a comeback for oil majors despite weak data from China. Lon
Vijaypat Singhania thought he was keeping his billion-dollar Indian textile empire in the family when he gifted control of the Raymond Group to his son Gautam three years ago. But their relationship has disintegrated spectacularly since, with the father a
China's central bank has relaxed its conditions on targeted reserve requirement cuts to benefit more small firms, in the latest move to support the slowing economy. The People's Bank of China will include loans for small firms with a credit line of less t