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Country’s oil imports soar by 10% to $8.7bn in seven months

ISLAMABAD: Despite all measures taken by the federal government to overcome the imports, the country’s oil import bill soared 10 per cent year-on-year to...

26th Pakistan HVACR and Building Services Expo & Conference concludes at...

The event was a resounding success with more than 12,000 visitors & 300 prestigious exhibitors KARACHI: As the 26th Pakistan HVACR and Building Services Expo...

Mahmood Qureshi urges India to refrain from leveling allegations against Pakistan

MUNICH: Reacting to Indian accusations after Pulwama attack, Foreign Minister Shah Mahmood Qureshi on Friday urged India to refrain from leveling allegations against Pakistan...

DPC and SBP become members of IADI

KARACHI: The Secretariat of International Association of Deposit Insurers (IADI) announced on February 11, 2019 that its Executive Council has decided to admit Deposit...

Asad Umer launches Holding Company to support state-owned enterprises

ISLAMABAD: Finance Minister Asad Umar on Friday announced that Sarmaya-e-Pakistan, the holding company for state-owned enterprises, has been launched. Taking to Twitter, the finance minister...

FIA to launch crackdown against people propagating fake news on social...

KARACHI: The Federal Investigation Agency (FIA) has been directed by the government to launch a crackdown on social media users propagating false information. The FIA...

SECP defers applicability of IFRS 9

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has deferred the applicability of the International Financial Reporting Standard (IFRS) 9 “Financial Instruments” for...

ABL posts Rs 12.88bn PAT in 2018

KARACHI: Allied Bank Limited (ABL) declared its profit after tax (PAT) of Rs 12.88 billion in 2018 as against Rs 12.734 billion in 2017....

NAB investigating 44 cases of housing societies scams in Karachi

KARACHI: The National Accountability Bureau (NAB) on Friday revealed that currently, it is handling 44 cases of housing societies scams in Karachi alone. According to...

ABAD hails PM for encouraging construction sector in Karachi 

KARACHI: Chairman, Association of Builders and Developers of Pakistan (ABAD) Muhammad Hassan Bakshi has hailed Prime Minister Imran Khan for ordering the Capital Development...