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 Latest Business and Finance News
Asia subdued before oil producers' meeting, China GDP taken in stride [Reuters]

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Dar hopeful of new partnership with DFID  [The Nation] 24 Feb, 2017

ISLAMABAD -  Finance Minister Ishaq Dar has expressed the hope that the new Development Partnership Agreement between the Government of Pakistan and DFID will be signed soon.

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Moody's lauds Pakistan’s banking system  [The Nation] 24 Feb, 2017

ISLAMABAD - Moody's Corporation - an International ratings institution - has lauded banking system of Pakistan and said banking strength of the country will result in further progress in fiscal year ...

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Stocks witness choppy session  [The Nation] 24 Feb, 2017

KARACHI -  Stocks witnessed choppy session on Thursday as benchmark shares index rallied 80.61 points to close at 49,062.26 points.

Pressure was witnessed at ...

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Punjab to build Intercity Bus Terminals  [The Nation] 24 Feb, 2017

LAHORE -  Punjab Minister for Excise and Taxation Mujataba Shujaur Rehman has said that the Punjab government is going to build state-of-the-art “Multimodal Intercity Bus Terminals” ...

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SECP board approves prospectuses of two new modarabas  [The Nation] 24 Feb, 2017

ISLAMABAD -  The Religious Board constituted by the federal government for the Securities and Exchange Commission of Pakistan (SECP) has approved the prospectuses of two new modarabas, Habib Me ...

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Foreign reserves stand at $21.9 billion  [The Nation] 24 Feb, 2017

 

KARACHI:- The total liquid foreign reserves held by the country stood at $21,929.8 million on February 17, 2017. The wee ...

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Govt can tackle energy crisis by 2018, says ADB  [The Nation] 24 Feb, 2017

ISLAMABAD -  The Asian Development Bank (ADB) on Thursday expressed satisfaction about the present government’s

power policy and hoped that Pakistan wou ...

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SECP chief vows to deal fraudulent brokerage houses with iron hand  [The Nation] 24 Feb, 2017

ISLAMABAD - Securities and Exchange Commission of Pakistan (SECP) Chairman Zafar Hijazi has expressed the commission’s firm resolve that strict action would be taken against brokerage houses f ...

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Oil prices rise after report shows drop in US stocks  [The Nation] 23 Feb, 2017

LONDON: Oil prices rose more than $1 a barrel on Thursday after US data showed a surprise decline in inventories, suggesting that a global glut may be ending after moves by OPEC to cut production.

Benchmark Brent crude oi ...

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Dar asks PBS to use World Bank’s expertise  [The Nation] 23 Feb, 2017

ISLAMABAD - Finance Minister Senator Ishaq Dar has directed the Pakistan Bureau of Statistics (PBS) to use the expertise of the World Bank and make assessment of its processes with a view to fill an ...

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Kenyan HC visits KCCI, expresses concern over limited trade volume  [The Nation] 23 Feb, 2017

KARACHI - Kenya’s High Commissioner Julius K Bitok has expressed worries over limited trade volume between Pakistan and Kenya and advised the business and industrial community of Karachi to se ...

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Amjad Ali Jawa as LCCI acting president  [The Nation] 23 Feb, 2017

LAHORE - LCCI SVP Amjad Ali Jawa will perform as the acting president of the chamber in the absence of the LCCI president, who is out of country. Amjad Ali Jawa is M Pharma from Pharmacy Department, ...

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ECC approves $25m to tackle natural calamities  [The Nation] 23 Feb, 2017

ISLAMABAD - The Economic Coordination Committee (ECC) of the cabinet, under the chairmanship of Finance Minister Ishaq Dar, has approved the allocation of funds - equivalent to $25 million - for Nat ...

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Govt committed to utilise potential of mining sector: Minister  [The Nation] 23 Feb, 2017

LAHORE - Provincial Minister for Mines and Minerals Ch Sher Ali Khan has said that value-addition is prerequisite for the growth of Mining Sector and the Punjab government is taking various initiati ...

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Top brands to boycott Bangladesh garment summit  [The Nation] 23 Feb, 2017

DHAKA - Leading fashion brands including H&M and Zara will boycott a key industry conference in Bangladesh in support of garment workers who have been sacked, hunted or jailed for participating ...

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SBP, SECP discuss initiatives to curb financial malpractices  [The Nation] 23 Feb, 2017

ISLAMABAD - State Bank of Pakistan (SBP) and Securities and Exchange Commission of Pakistan (SECP) have discussed numerous initiatives for development of bond market, ease of doing business, strict ...

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SNGPL posts strong profitability in 2QFY17  [The Nation] 23 Feb, 2017

LAHORE - The Sui Northern Gas Pipelines Ltd (SNGPL) has posted strong profitability in 2QFY17 mainly on the back of higher operating profits which is linked with increased capex.

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Stocks tumble on profit-taking  [The Nation] 23 Feb, 2017

KARACHI - Profit-taking along with future roll over led index to decline by 33 points after making an intraday gain of 316 points to close at 48,981.65 points.

Mar ...

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LCCI holds protest against FBR  [The Nation] 22 Feb, 2017

LAHORE - The businessmen on Tuesday staged a protest demonstration against the Federal Board of Revenue (FBR) at the Lahore Chamber of Commerce & Industry (LCCI).

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NA body approves Housing Ministry’s PSDP proposals  [The Nation] 22 Feb, 2017

ISLAMABAD -  The National Assembly Standing Committee on Housing and Works on Tuesday approved PSDP proposals of the Ministry of Housing and Works amounting to Rs12343.118 million. These propos ...

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Meter readers demand additional staff  [The Nation] 22 Feb, 2017

LAHORE -  The meter readers staff of different distribution companies have asked the government to provide additional staff as per the requirements.

These dem ...

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APBF concerned over $17.4b trade deficit  [The Nation] 22 Feb, 2017

LAHORE -  The All Pakistan Business Forum (APBF) has expressed its concerns over the alarming rise in the trade deficit of the country during the first seven months of the ongoing fiscal year.< ...

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Dar chairs meeting on macroeconomic indicators  [The Nation] 22 Feb, 2017

ISLAMABAD -  Finance Minister Ishaq Dar chaired a meeting here on Tuesday to review macroeconomic indicators.

The finance secretary gave a detailed briefing t ...

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Chinese delegation discusses water supply projects with SBI chief  [The Nation] 22 Feb, 2017

KARACHI -  China International Engineering Consulting Corporation (CIECC) delegation on Tuesday called on Sindh Board of Investment (SBI) Chairperson Naheed Memon and discussed water supply pro ...

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Stocks witness seesaw session, index gains 86 points  [The Nation] 22 Feb, 2017

KARACHI - Stocks showed recovery amid late session support in oil, cement and banking scrips on strong valuations, resultantly the benchmark shares index rallied around 86 points.

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Peshawar industrialists threaten protest against FBR ‘illegal’ ...  [The Nation] 22 Feb, 2017

PESHAWAR -  A group of factory owners and industrialists have expressed serious concerns over raids on factories and alleged that the Federal Board of Revenue (FBR) is harassing industrialists. ...

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Former PASCO MD caused Rs60m loss to kitty, PAC told  [The Nation] 22 Feb, 2017

ISLAMABAD -  The Public Accounts Committee (PAC) was informed on Tuesday that former PASCO MD Major General Tauqeer Ahmed caused the national kitty a loss of over Rs60 million in purchase of 3. ...

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Eurozone economy seen running at near 6-year high  [The Nation] 21 Feb, 2017

Economic growth in the 19-country eurozone accelerated in February to reach the strongest pace in nearly six years, a closely watched survey found Tuesday.

In its monthly survey of economic activity across the region, fin ...

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Envoy invites Chinese entrepreneurs to invest in textile, garments ...  [The Nation] 21 Feb, 2017

BEIJIN: Pakistan Ambassador to China, Masood Khalid Tuesday invited the Chinese companies to take advantage of investment-friendly policies of present government and come forward to invest in textile and garments sectors in Pak ...

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Mobile phones market expanding further in Pakistan  [The Nation] 21 Feb, 2017

ISLAMABAD: Mobile phones market has been expanding ever further in Pakistan giving the economy a much needed boost.

According to a private news channel report, the users flock to the markets to buy new mobile phones due t ...

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