Tag Archive for "Business" - Pakistan News Digest

  • Federal Govt to provide Rs8.5b as net hydel profit: Taimur Jhagra

    Khyber Pakhtunkhwa Minister for Finance Taimur Saleem Jhagra says the federal government has agreed to provide eight point five billion rupees to the provincial government as net hydel profit.Presiding over a meeting in Islamabad on Tuesday, he...

    • Posted 6 months ago
    • 0
  • SECP Launches Startup Portal to Encourage Tech Innovation in Pakistan

    The Securities and Exchange Commission of Pakistan (SECP) has launched a startup portal to encourage technology innovation in Pakistan.SECP Commissioner for Information System and Technology Department, Shauzeb Ali inaugurated the portal during the 'St...

    • Posted 8 months ago
    • 0
  • Cement sector reports 9.19% growth in October

    The All Pakistan Cement Manufacture Association has said in its report that growth rate of the cement industry has increased by 9.19% in October 2019.It further said that the sale of cement was recorded 4.98 billion in...

    • Posted 8 months ago
    • 0
  • SECP Notifies New Rules for Corporate Restructuring

    The Securities and Exchange Commission of Pakistan (SECP), with the approval of the federal government, has notified the Corporate Restructuring Companies Rules 2019. The enactment of these rules provides institutional arrangements and legal processes ...

    • Posted 8 months ago
    • 0
  • Hascol Bleeds With a Huge Loss of Rs. 13.87 Billion in 2019

    Hascol Petroleum announced its financial results for the nine-month period that ended on September 30, 2019. The company's financial performance in 2019 has not been bright in terms of earnings.It reported a whopping loss of Rs. 13.87...

    • Posted 8 months ago
    • 0
  • SECP Warns The Public Against A Company’s Fake Schemes on Social Media

    The Securities and Exchange Commission of Pakistan (SECP) has warned the public against investing in FS Links (SMC-Private) Limited, which has been trying to trap innocent people through fake schemes on social media.SECP has discovered that M/s...

    • Posted 8 months ago
    • 0
  • Fauji Meat Limited to Be Acquired Soon

    Fauji Fertilizer Bin Qasim Limited (FFBL) has announced that the company has been approached by a potential acquirer. The acquirer wants to enter into negotiations with the company for the acquisition of majority voting shares in Fauji...

    • Posted 8 months ago
    • 0
  • Major Progress Has Been Made on FATF’s Action Plan: SBP Governor

    State Bank of Pakistan (SBP) Governor Dr Reza Baqir has said that significant progress has been made between the May-September 2019 period to meet the action plan set by the Financial Action Task Force (FATF).He made the...

    • Posted 8 months ago
    • 0
  • Punjab Govt to Introduce a Unified Tax Collection System

    Punjab government is contemplating the introduction of a unified tax collection system in the province. The unified system will streamline the tax collection process and facilitate the taxpayers.At the moment, Punjab Revenue Department, Excise and Taxa...

    • Posted 8 months ago
    • 0
  • Meezan Bank Announces Rs. 10.94 Billion After Tax Profit for Q1-Q3 2019

    The Board of Directors of Meezan Bank Limited has approved the condensed interim and unconsolidated financial statements of the bank and its consolidated financial statements for the first nine months of 2019.The bank posted an after-tax profit...

    • Posted 8 months ago
    • 0
  • Bank Al Habib Declares Profits of Rs. 12.88 Billion in First 9 Months of 2019

    The Board of Directors of Bank AL Habib Limited have announced the financial results for the nine months period that ended on September 30, 2019.The bank reported the profit before tax of Rs. 12.88 billion for the...

    • Posted 9 months ago
    • 0
  • PSX Approves Listing of Rs. 200 Billion Energy Sukuk

    Pakistan Stock Exchange (PSX) has approved the listing of Pakistan Energy Sukuk-1 of Rs. 200 billion of Power Holding Limited under its privately-placed debt securities' listing regulations.According to the notification issued by the PSX, the Sukuk Cer...

    • Posted 9 months ago
    • 0
  • Pakistan and EU Can Launch Joint Ventures in Various Sectors: Ambassador

    Ambassador of the European Union to Pakistan, Androulla Kaminara, has said that the European Union and Pakistan could launch joint ventures in various sectors besides textiles.During her visit to the Lahore Chamber of Commerce & Industry on...

    • Posted 9 months ago
    • 0
  • Pakistan and EU Can Launch Joint Ventures in Various Sectors: Ambassador

    Ambassador of the European Union to Pakistan, Androulla Kaminara, has said that the European Union and Pakistan could launch joint ventures in various sectors besides textiles.During her visit to the Lahore Chamber of Commerce & Industry on...

    • Posted 9 months ago
    • 0
  • Economic Activity to Remain Slow in 2nd Half of FY20: SBP

    While macro stabilization measures have started showing favorable results, particularly on the external front, the economic activity is expected to remain muted, State Bank of Pakistan stated in its Mid-Year Performance Review (MPR) of the banking sect...

    • Posted 9 months ago
    • 0
  • Pakistan is Among 20 Countries That Will Dominate Global Growth in 2024: Bloomberg

    According to a report by Bloomberg, Pakistan is likely to be among the top 20 drivers of growth in 2024 which will include Turkey, Mexico, and Saudi Arabia, while Spain, Poland, Canada, and Vietnam will drop out...

    • Posted 9 months ago
    • 0