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UBL launches banking app
United Bank Limited has launched its digital banking app for customers to experience hassle-free banking on the go
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PACRA maintains Soneri Bank’s rating
Pakistan Credit Rating Agency Limited (Pacra) has maintained the Soneri Bank’s long-term rating of “AA-”
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JS Global organises Pakistan Investment Conference in US
JS Global Capital organised the third Pakistan Investment Conference 2018 from 25-27 June 2018 in the US
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Currency recovers over Re1 in open market
Expectations of dollar inflows under amnesty scheme ease pressure
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Indian rupee hits all-time low
The rupee fell to 69.10 against the greenback in early trade before recovering slightly to 68.93 later
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Senate panel forms body for staff hiring in oil, gas firms
Seeks details of unspent CSR funds in the entire country
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FBR includes offshore income in scope of tax amnesty scheme
Tax body continues to create confusion as deadline approaches in two days
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Founder of troubled Abraaj risks jail term
Arif Naqvi faces possible 3-year imprisonment over three bounced cheques worth a combined $300 million
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SBP's foreign currency reserves now stand at meagre $9.66b
Plunge 5.86% week-on-week; decrease attributed to external debt servicing and other official payments
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Market watch: KSE-100 continues to advance with fresh 279.86-point gain
Benchmark index rises 0.67% to finish trading at 41,997.85
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Amnesty Scheme: Businessmen demand extension
Business community has demanded that the government extend the tax amnesty scheme for one month
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Focus on hydroelectric power stressed
Irsa spokesperson has said that hydroelectric power generation is the solution to the country’s energy crisis
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Rupee stable against dollar
The rupee remained stable against the dollar at Rs121.4/121.6 in the inter-bank market on Wednesday
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China eager to expand FTA with Pakistan
China wants to expand and promote its free trade agreement (FTA) with Pakistan
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Workforce motivation necessary for swift execution
Chairman says WAPDA making efforts to ensure human resource development
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SMEDA invests Rs29.7 billion in a decade
Establishes over two dozen common facility centres with PSDP funds
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International Steels’ new plant comes on line
Its production capacity goes up to 1 million tons per annum
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Pioneer Cement enhances capacity by 0.8m tons
Will now produce 2.2 million tons per annum, market share may rise
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Growth in private sector credit slows as concerns rise
Poor economic outlook and interest rate hikes take toll on businesses
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Govt, AGP at loggerheads over audit exemption of spy agency's secret funds
Auditor refuses to accept ex-ministers’ exemption certificates
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After months of respite, power tariff rises again
NEPRA increases tariff by Rs1.25 per unit; consumers will have to pay extra Rs15.7b
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Market watch: KSE-100 ends with 472-point gain even as foreigners offload
Benchmark index gains 1.14% to finish trading at 41,717.99
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‘Power shortfall was only 355MW’
Only the areas where power theft was rampant witness scheduled and announced electricity load management
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Chinese delegation visits PTDC
Important for tour operators of both countries to establish links to promote tourism, PTDC general manager says
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Rupee stable against dollar
Since December, the rupee has cumulatively shed close to 13% of its value
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Pakistan enacts ambitious reforms to comply with FATF
Plan envisages choking financing of terrorist groups such as Da’ish, Haqqani network
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Work on Mohmand, Diamer-Bhasha dams to start in FY19
Four mega projects have already been completed since Aug 2017
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FBR chief urges businessmen to avail amnesty scheme
Warns people who fail to declare hidden assets can face legal action
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Punjab cabinet expresses desire to cooperate
Says it will work with business community to ensure economic growth
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Indus Motor jacks up car prices for third time this year
Rates increased in the range of Rs50,000 to Rs250,000
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Caretaker cabinet approves Rs693 billion outlay for Punjab
Focus primarily on elections and non-development expenditure for next four months
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In absence of LNG, plants may produce expensive electricity
Power Division fails to reveal actual demand for cheaper LNG fuel from power producers
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Last straw for McDonald's, Burger King in Mumbai plastic ban
New rules prohibit use of disposable plastic items under certain size
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Caretakers increase government employees' salaries, pensions in Punjab
Interim set-up approves development budget for FY 2018-19
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Market watch: Attractive valuations help take KSE-100 over 41,000
Benchmark index gains 0.65% to finish trading at 41,246.09
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US court dismisses climate change lawsuits against top oil companies
The dangers raised by the complainants are worldwide with both parties accepting the science behind global warming
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Japan urges consistency in policies
83 Japanese companies were operating in Pakistan including Toyota and Suzuki Motors, Consul General says
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SCCI delegation visits Brazil
The leader of the delegation mentions that the visit will pave way for enhancing bilateral trade
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Rupee strengthens against dollar
Since December, the rupee has cumulatively shed close to 13% of its value
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‘Pakistan needs to offer similar incentives to US’
A think-tank report suggests country needs to cooperate fully for advancement
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Thar coal-based power project achieves financial close
The 660MW project will be equipped with super-critical technology
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With control on manganese content, refineries warn of production drop
Oppose govt’s directive on reducing use of additives that will require $5b investment
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Last chance to legalise undeclared assets: FBR
Says tax amnesty scheme is a way out
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Emirates’ passenger traffic may rise in Pakistan with A380 flights
Dubai-based airline plans to start flying largest airplane to Islamabad in July
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Pakistan’s foreign borrowing surges to $10b in 11 months
Three-fourths of the amount utilised for budgetary support, external financing
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Market watch: Stocks continue their losing streak, end below 41,000
Benchmark KSE-100 Index loses 1.58% to finish trading at 40,978.23
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Finance minister to defend Pakistan as FATF weighs placement on blacklist
Decision to be taken after six-day meeting
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FBR throws spanner in tax amnesty scheme
Excludes income earned this fiscal year and changes formula for valuation of foreign assets
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With economic expansion, Pakistan facing jobless growth
Replacement of labour with capital in urban sub-sector leads to this situation
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Pakistan needs to double gas production in 5-7 years
Next govt must cut generation cost, restrict imports and focus on clean energy