Business
Business
Independent Power Producers unable to sustain massive circular debt burden
Independent Power Producers (IPPs) are in severe liquidity crisis owing to the alarming level of circular debt and default by…
Baluchistan Assembly adopts prohibition of usury bill
The Baluchistan Assembly on Thursday unanimously adopted the Balochistan Prohibition of Private Money Lending Bill, 2014. The bill was tabled…
KSE-100 shoots upwords as political deadlock enters definitive phase
After days of uncertainty in the market owing to the political deadlock in Islamabad, the Karachi Stock Exchange 100…
IMF chief being investigated for fraud
IMF chief Christine Lagarde has been put under formal investigation by French magistrates for alleged negligence in a political fraud…
Pak-German business platform launched in Berlin
A joint Pakistan-Germany business platform called Pakistan GATE (German Association Trade and Economy) for the development of trade and investment…
Bears running riot as KSE nose dives 432 points
Stocks fell for the third consecutive day on Wednesday with the KSE-100 index taking a deep plunge of 432.24 points…
FBR to publish active taxpayers list every 2 weeks
The Federal Board of Revenue (FBR) announced yesterday that it will publish active taxpayer list (ATL) on a fortnightly basis…
Swiss bank releases result for first time in centuries
Swiss private banks yesterday, begin lifting the veil on their books after a radical shift in their business model, amid…
Indian Price regulatting body fines carmakers $420m
India’s pricing regulator has fined more than a dozen global and local carmakers 25.5 billion rupees ($420 million) after a…