Financial sector is instrumental in national development, SBP governorKARACHI: "The financial sector is instrumental in the National development of a country. The role of the institutions contributing to this sector in various forms needs to be not only highlighted; but...
Asian shares edge down as US yields climb, North Korea suspends talksAsian stock markets dipped on Wednesday after Pyongyang abruptly called off talks with Seoul, throwing a US-North Korean summit into doubt, while surging bond yields revived worries about faster US in...
Pakistan stock market remains in tight grip of bearsPakistan equities showed lackluster performance as KSE-100 index traded between an intraday high of +120 points and a low of -261 points to close at 42,301 level by shedding 158 points. Pakistan's sha...
Kuwait’s investment firm seeks SBP’s approval to sell its holdings in Meezan BankKARACHI: In a bid to rebalance its investment portfolio, the Noor Financial Investment Company (Noor), a publicly listed company in Kuwait, has sought the State Bank of Pakistan (SBP)'s approval to co...
Husain Lawai elected as Chairman of PSX Board of DirectorsKARACHI: Husain Lawai was unanimously elected as Chairman of the Board in the first meeting of newly constituted Board of Directors of Pakistan Stock Exchange Limited (PSX) held Tuesday. Lawai, along...
Jhagra hails NBP initiatives to alleviate poverty in FATAPESHAWAR: Khyber Pakhtunkhwa Governor Iqbal Zafar Jhagra Wednesday hailed the National Bank of Pakistan for taking initiatives to help government alleviate poverty from the Federally Administered Trib...
Banks to deduct zakat todayKARACHI: The State Bank of Pakistan will remain closed for public dealings on 1st Ramadan-ul-Mubarak 1439 A.H., which will be observed as 'Bank Holiday'; for the purpose of deduction of Zakat. All ban...
Scarcity of better grade of lint keeps buying selective amid firm physical pricesKARACHI: Buyers made deals for all grades of lint in anticipating increase in general prices and on fast depleting of better grades of lint during trading on lint market. Buyers acquired better grades...
Greenback remains flat in value versus domestic unitKARACHI: The greenback closed flat in value against the rupee in the interbank while depressed in open market, treasurers and currency dealers said. It started the day's trading at Rs 115.50 for buyin...
Yellow metal price fails to retain valueKARACHI: Yellow metal price closed depressed in international and domestic markets on back of insignificant demand of buyers and hedgers. The yellow metal price witnessed downward correction on impass...