Business
Business
Summit Bank keen on acquiring Burj Bank
Summit Bank has informed the State Bank that it wants to acquire a majority stake in Burj Bank, a securities…
“Pakistan’s banks not sufficiently capitalised for CPEC projects” Bank Alfalah’s Atif Bajwa
"Banks must turn to the capital markets to strengthen their balance sheets in view of the upcoming China-Pakistan Economic Corridor…
Telenor now owns 100% shares of Tameer Microfinance
The Telenor Group has increased its shareholding in Tameer Microfinance Bank to a full 100%. That effectively makes it the country’s…
“Punjab’s debt little compared to GDP” finance minister
Down-playing the Rs421 billion debt accumulated over the years in Punjab, which amounts to nearly two-thirds of the development budget…
As tax exemptions end: ‘Sacred cows’ yet to be touched
The federal government has shown a blueprint for withdrawing roughly Rs80 billion worth of tax exemptions in the next budget. However…
Pak Suzuki announces a staggering 207% increase in profit
Pak Suzuki Motor Company (PSMC), the country’s largest carmaker in terms of market share, ( keeping in mind that there…
Universities on western route of CPEC to commence sessions later this year
The 'Planning, Development and Reform Minister' Ahsan Iqbal said that, "universities in Fata, Zhob, Gwadar and those located on the…
MCB Bank sale: IHC issues notices to finance ministry, PC
The Islamabad High Court (IHC) issued formal notices to the finance ministry and the Privatisation Commission (PC) on March 15…
NEPRA favouring private power producers claims water Ministry
The Ministry of Water and Power has complained to the prime minister Mian Nawaz Sharif that the National Electric Power Regulatory Authority…