Business

Business

Govt borrowing enriches banks as it surges into trillions

The government’s costly borrowing through Pakistan Investment Bonds (PIBs) enriched banks as top five banks profit increased by 25 per…

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State bank foreign reserves fall below $9bn

Foreign exchange reserves of the State Bank of Pakistan (SBP) have fallen below $9 billion after three months. The SBP…

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Bulls trot back as KSE 100-index rises by 400 points

Normal 0 false false false EN-US X-NONE X-NONE Pakistani stocks witnessed a sharp ascent on Thursday as Karachi Stock Exchange…

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Govt fails to hold several meetings with business community

A number of meetings between the business community and the government have been postponed due to prolonged protests by Pakistan…

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PR to resume ‘cargo express’ from Sept 2

After a lapse of more than three years, the Pakistan Railways (PR) will resume its cargo express train between Lahore’s…

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FBR asked to remove flaws from tax laws

The Karachi Tax Bar Association (KTBA) has urged the Federal Board of Revenue (FBR) to remove certain flaws from the…

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$1.25/day not enough for minimum welfare: ADB

A new report from the Asian Development Bank says that the $1.25 per day measures do not fully capture the…

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ECB hemmed in by its own plans

The European Central Bank is in a policy no man’s land, bombarded by news of a stagnating eurozone economy but…

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Czech Republic’s launches Bitcoin-style currency

The Czech Republic launched its answer to Bitcoin on Tuesday when new virtual currency CzechCrownCoin started trading. “Early this afternoon…

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