Business News ,Pakistan Stock market, Economic News, Financial News

Report on FATF will be submitted in next few days: Miftah

pecial Adviser to Prime Minister on Finance and Economic Affairs Miftah Ismail said that much work has been done on the report regarding Financial Action Task Force (FATF).

April 21, 2018
Published in Business

Stock Exchange Closes Week on Negative Note

The Pakistan Stock Exchange (PSX) ended the week with another negative session as the benchmark KSE-100 index lost another 128 points to close at 45,259.

April 20, 2018
Published in Business

PSX in the red again as KSE loses 323 points

The Pakistan Stock Exchange (PSX) experienced another negative session with the benchmark KSE-100 index losing 323 points to fall below the 45,500-mark.

April 18, 2018
Published in Business

Central Directorate of National Savings decides to launch Overseas Pakistanis Savings Certificates

Central Directorate of National Savings (CDNS) is all set to launch Overseas Pakistanis Savings Certificates (“OPSC”) after a formal nod from Dr. Miftah Ismail, Adviser to the Prime Minister for Finance, Economic Affairs and Revenue…

April 17, 2018
Published in Business

Not satisfied with country’s economic progress: Miftah Ismail

Adviser to the Prime Minister on Finance Miftah Ismail said on Monday he is not satisfied with the rate of economic progress in the country.

April 16, 2018
Published in Business

Pakistan plans to borrow record $13b next fiscal year

Pakistan has planned to borrow a record-breaking $13 billion in the next fiscal year alone, nearly 63% higher than the outgoing fiscal year’s original estimates, meant largely to repay previously obtained loans and stabilise nose-diving…

April 15, 2018
Published in Business

PSX Loses 260 Points, Lands in Red

The Pakistan Stock Exchange closed the week in the red on Friday, with the benchmark KSE-100 losing 260 points to close at 46,072 points.

April 13, 2018
Published in Business

PSX continues in the red as benchmark index loses 104 points

The Pakistan Stock Exchange (PSX) experienced another session in the red with the benchmark KSE-100 index losing 104 points to close at 46,477.

April 10, 2018
Published in Business

Oil Industry Refuses to Pay Annual Fees to OGRA

The oil industry has refused to pay annual fees to the Oil and Gas Regulatory Authority (OGRA) unless formal notification of an agreement on fee structure reached in June last year.

April 10, 2018
Published in Business

SBP issues warning against cryptocurrency transactions

Pakistan's central bank on Friday advised people against the usage of cryptocurrency in any kind of transactions in the country, saying the new medium of exchange was neither "recognized as a Legal Tender" nor was …

April 7, 2018
Published in Business

FATF concerns: Miftah Ismail says tax amnesty scheme doesn’t violate money laundering laws

Adviser to the prime minister on Finance Miftah Ismail on Saturday assuaged the concerns of the Financial Action Task Force (FATF) and assured the tax amnesty scheme does not violate money laundering laws.

April 7, 2018
Published in Business

PSX falls flat after early buying frenzy

The Pakistan Stock Exchange (PSX) landed flat on Friday, with the benchmark KSE-100 index managing to close positive at 46,639 with a net gain of 77 points over the preceding day.

April 6, 2018
Published in Business

PSX as benchmark index gains 457 points

The Pakistan Stock Exchange (PSX) remained bullish on Thursday, with the benchmark KSE-100 index gaining 457 points, around one per cent, to close at 46,561.

April 5, 2018
Published in Business

Government will present budget before tenure ends: Miftah Ismail

Miftah Ismail, the prime minister’s adviser on finance, has said the present government will present the upcoming budget before it completes its tenure on May 31.

April 4, 2018
Published in Business