Business

Business

NIB Bank looking to rid itself of PICIC AMC

NIB  bank is currently evaluating the feasibility of pursuing a transaction for possible divestment of its equity stake in PICIC…

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SECP allows ready market trading in KSL

The Securities and Exchange Commission of Pakistan (SECP) in exercise of powers conferred under Section 40B, read with Section 20(6)(b)…

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SECP approves sukuk rules for promotion of Islamic Finance

Earlier yesterday, the Securities and Exchange Commission of Pakistan (SECP) approved the regulations for issuance of sukuk  for the development…

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IMF refuses to relax fiscal deficit target

The IMF has not approved any relaxation in the fiscal deficit target, says Jeffrey Franks, outgoing mission chief for Pakistan,.…

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Govt demands K-Electric stop using National grid power

The standoff between K-Electric and the water and power ministry continues on as the ministry said it had demanded that…

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NBP Bangladesh: NA asks NAB to probe fraud of Rs.18.5b

A Forensic audit report holds 61 officials responsible for the loss of Rs18.5 billion in Bangladesh operations of The National…

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KSE market Watch: Stocks remain stable

The trading in equities opened positive yesterday and continued to push the market to fresh highs with the benchmark index…

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SBP taking extreme measures against counterfeit currency: SBP acting govornor

State Bank of Pakistan (SBP) Acting Governor Saeed Ahmad has said that some anti state element are spreading counterfeit currency.…

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K-Electric to test 7 year tenor for largest ever corporate sukuk

Karachi-based utility K-Electric will test a seven year tenor for its latest Islamic bond, a Rs22 billion ($217 million) transaction…

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