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Foreign Exchange Dealers Operating In Provinces Are Not Chargeable To FED: FBR

Foreign Exchange Dealers Operating In Provinces Are Not Chargeable To FED: FBR

12 hours ago

EU refers China to the WTO following its trade restrictions on Lithuania

EU Launched A Case Against China AT WTO Following Its Trade Restrictions On Lithuania

13 hours ago

ADB to Develop Prototype for Cross-Border Securities Transaction System Using Blockchain

ADB to Develop Prototype for Cross-Border Securities Transaction System Using Blockchain

13 hours ago

UAE industrial exports hit AED120 billion, with 220 new factories going into service and beginning production: Sultan Al Jaber

UAE industrial exports hit AED120 billion, with 220 new factories going into service and beginning production: Sultan Al Jaber

13 hours ago

Usage Of 30 Percent Drought And Disease Tolerant Seed To Enhance Wheat Production

Usage Of 30 Percent Drought And Disease Tolerant Seed To Enhance Wheat Production

13 hours ago

MARI Petroleum Included In The Oil & Gas Tradable Index: PSX

MARI Petroleum Included In The Oil & Gas Tradable Index: PSX

13 hours ago

NETSOL, GGL, CNERGY Included In KSE 30 Index: PSX

NETSOL, GGL, CNERGY Included In KSE 30 Index: PSX

January 27, 2022

Karachi June 20 2021: Pakistan Stock Exchange (PSX) has carried out the exercise of re-composition of KSE 30 Index for...

Country Foreign Exchange Reserves Fall By USD 868 Million: SBP

Country Foreign Exchange Reserves Fall By USD 868 Million: SBP

January 27, 2022

PIB Auction

Government Raised PKR 133.5 billion In PIB Auction At Cost Of Less Than 11 Percent: SBP

January 27, 2022

Highlights

Prime Minister Inaugurates PVC Expansion Of EPCL

Higher Ethylene Prices To Escalate Engro Polymer Cost

January 27, 2022

New Refinery Policy Being Finalised To Shift Refineries Away From Furnace Oil: Hammad Azhar

Japan to Subsidize Oil Prices For First Time In A Bid To Control Retail Prices

January 27, 2022

Qatar Ranks First Globally, in Arab World in Numbeo Security Index 2022

Qatar Ranks First Globally, in Arab World in Numbeo Security Index 2022

January 26, 2022

Saudi Stock Market Index Ends High At 12,182 Points

Saudi Stock Market Index Ends High At 12,182 Points

January 26, 2022

Saudi Deputy Defense Minister Meets China’s State Councilor and Minister of National Defense

Saudi Deputy Defense Minister Meets China’s State Councilor and Minister of National Defense

January 26, 2022

Gov’t Raised PKR 824 Billion Through T-Bill Auction At Lower Rates: SBP

Gov’t Raised PKR 824 Billion Through T-Bill Auction At Lower Rates: SBP

January 26, 2022

Recent News

FAB reports net profit of AED12.5 billion in 2021

FAB reports net profit of AED12.5 billion in 2021

January 27, 2022

ABU DHABI, 27th January, 2022 - First Abu Dhabi Bank (FAB) reported a net profit of AED12.5 billion, compared to...

Saudi Arabia’s 5th Housing and Population Census Is Approved to Commence on May 9, 2022

Saudi Arabia’s 5th Housing and Population Census Is Approved to Commence on May 9, 2022

January 27, 2022

Riyadh, January 26, 2022 : The Minister of Economy & Planning and Chairman of the Board of Directors of the...

Dubai Financial Regulator DFSA imposed USD135 million fine on Abraaj founder Arif Naqvi

Dubai Financial Regulator DFSA imposed USD135 million fine on Abraaj founder Arif Naqvi

January 27, 2022

Dubai January 27, 2022: The Dubai Financial Services Authority has fined Arif Naqvi, founder of the defunct Abraaj Group, more...

Unity Foods 32 Percent Right Remained Unsubscribed: PSX

Unity Foods 32 Percent Right Remained Unsubscribed: PSX

January 27, 2022

Karachi January 27 2022: Unity Foods Limited right amount of PKR 1,729.744 million remained unsubscribed out of total right issuance...

The Latest

Tariq Glass And ICI Pakistan To Form JV For Setting Float Glass Manufacturing Facility: PSX

Tariq Glass And ICI Pakistan To Form JV For Setting Float Glass Manufacturing Facility: PSX

January 27, 2022

ICI Post Profitability Growth Of 145 Percent In First Six Months Of Financial Year 2022: PSX

ICI Post Profitability Growth Of 145 Percent In First Six Months Of Financial Year 2022: PSX

January 27, 2022

Franchises finalize squad for HBL PSL 2022

HBL PSL 7 begins on January 27, 2022 Today

January 27, 2022

Markets Jumped on US FED Unchanged Interest Rate decision announcement

Markets Jumped on US FED Unchanged Interest Rate decision announcement

January 27, 2022

Brent Oil Hits $90 for the First Time Since October 2014

Brent Oil Hits $90 for the First Time Since October 2014

January 26, 2022

Culture

Pakistan, Saudi Arabia reiterate desire to take bilateral ties to new heights

Pakistan, Saudi Arabia reiterate desire to take bilateral ties to new heights

December 23, 2021

Islamabad December 23 2021: Chairman of Shura Council of Saudi Arabia...

School Milk Program

FrieslandCampina partners with the University of Education to launch ‘School Milk Program’

December 23, 2021

PCB and Arif Habib Group to collaborate on drop-in pitches

PCB and Arif Habib Group to collaborate on drop-in pitches

December 13, 2021

Prime Minister Imran Khan Meet With US Intelligence Committee Senators

Prime Minister Imran Khan Meet With US Intelligence Committee Senators

December 12, 2021

Opinion

Inflation To Decline Towards The Range of 5-7 Percent In Next Year: SBP

SBP Maintain The Policy Rate At 9.75 Percent

KE Declared Top Performer And Awarded Gold In CSR Category By NEPRA

ECC Approved Compensation To Affected Chinese Nationals Of Dasu Project

NEPRA Approved Relief Of Up to PKR 3.763 Per Unit In Electricity Bills For Next Three Months

Weekly Inflation Is Up 19.36 Percent Year On Year: PBS

ECC Approved Monitoring And Evaluation Of Kamyab Pakistan Programme By Third Party

Country Director World Bank Calls On Energy Minister

Dost Steel Issuing 40.8 Percent Stake At Discount Of 59 Percent In A Bid To Revive Company: PSX

Trade Deficit Widened To USD 25.5 Billion During July-December 2021: PBS

Etisalat named world’s strongest telecom brand with US$12.5 bn portfolio

January 26, 2022

ABU DHABI, 26th January, 2022 (WAM) -- Etisalat has been ranked as the world's strongest telecom brand...

UAE commences project to assess national proliferation financing risks

UAE commences project to assess national proliferation financing risks

January 26, 2022

ABU DHABI, 26th January, 2022 (WAM) -- The United Arab Emirates' Executive Office for AML/CFT and the...

Fauji Fertilizer Bin Qasim Share Price Heading Towards Cap As It Clears Short Term Borrowing: PSX

Fauji Fertilzier Bin Qasim Hit Lower Circuit Even After Posting Hefty Profits: PSX

January 26, 2022

Karachi January 26 2022: Fauji Fertilizer Bin Qasim hit lower circuit in today’s trading session at Pakistan...

Dubai Largest Bank Bought Stake In BankIslami From Its Subsidiary At PKR 13.18 Per Share: PSX

Dubai Largest Bank Bought Stake In BankIslami From Its Subsidiary At PKR 13.18 Per Share: PSX

January 26, 2022

Karachi January 26 2022: Emirates NBD Bank PJSC, UAE has bought 144,200,144 or 13.01 percent of BankIslami...

Politics

SBP reserves decline for the sixth consecutive week

Pak Rupee Continue To Strengthen Against Dollar: SBP

January 17, 2022

Karachi January 17 2022: Pak Rupee continue to strengthen against dollar with improvement of PKR 0.15 (or 0.08%) in today’s...

Karachi January 17 2022: Pakistan Stock Exchange (PSX) seeks clarification from M/s. Modaraba Al-Mali (MODAM) regarding substantial decreased in price / volume of its certificates during the last three months, for information of all market participants. MODAM price declined by 63.1 percent in a period of last three months from PKR 24.39 on 21st September 2021 to PKR 9.00 on closing of 17th January 2022. MODAM had planned right issue to finance new business ventures. Board of Directors of Modaraba has announced 331 percent Right Issue at price of PKR 10 per share with targeted Right proceeds of PKR 610 million in meeting of 13th September 2021. Out of these proceeds, PKR 500 million will be utilized in chemical business, PKR 100 million in setting up IPO Support Fund, PKR 100 million through underwriting and Business Revival Activities, cumulating into funds requirement of PKR 700 million. While the remaining PKR 90 million will be generated through internal cash generation. MODAM is currently engaged in the business of Leasing/Ijarah Murabaha, Musharaka Financing and Operations of gas stations. Management of the Modaraba has decided to change the business of the modaraba by discontinuing of existing businesses and Repositioning into New Businesses. Discontinuance of existing business include discontinuance of lending business (in Ijarah, Murabah, Musharaka and any other mode of Financing), efforts will be made for the recovery of the outstanding balances; disposal of property/business of Gas Stations and Disposal of leasehold offices/ premises in Karachi. Repositioning into new businesses includes Launching IPO support Fund; Refocusing the business of Modaraba to Venture Capital; underwriting and Business Revival Activities; Strategic Equity Investments in Financial Services entity and Investment in Chemical business. Modaraba is repositioning itself into manufacturing (chemical business), services (under writing, financial consultancy and financial services), venture capital and technology business. These investments will either be taken directly in the Modaraba or as a strategic equity investments in other legal entities, provided they are Shariah Compliant. Modaraba shall seek collaboration and technical partners, if required, to implement its repositioning/diversification stratagem.

PSX Seeks Clarification From Modaraba Al-Mali For Substantial Drop In Share Price

January 17, 2022

A Mobile Or Internet Load of PKR 100 give you PKR 85 After Mini Budget

A Mobile Or Internet Load of PKR 100 give you PKR 85 After Mini Budget

January 16, 2022

Travel

Saudi Arabia’s 5th Housing and Population Census Is Approved to Commence on May 9, 2022

Saudi Arabia’s 5th Housing and Population Census Is Approved to Commence on May 9, 2022

January 27, 2022

Riyadh, January 26, 2022 : The Minister of Economy & Planning and Chairman of the Board of Directors of the...

New Refinery Policy Being Finalised To Shift Refineries Away From Furnace Oil: Hammad Azhar

Japan to Subsidize Oil Prices For First Time In A Bid To Control Retail Prices

January 27, 2022

Markets Jumped on US FED Unchanged Interest Rate decision announcement

Markets Jumped on US FED Unchanged Interest Rate decision announcement

January 27, 2022

Sports

FIFA World Cup Qatar 2022™: 1.2 million tickets requested within 24 hours

FIFA World Cup Qatar 2022™: 1.2 million tickets requested within 24 hours

January 23, 2022

The start of ticket sales for the FIFA World Cup Qatar 2022™ has generated huge demand around the world. More...

There will be fireworks on Sunday, October 23 at the iconic Melbourne Cricket Ground as age-old rivals India and Pakistan will lock horns in their opening encounter of the 2022 ICC Men's T20 World Cup. The Super 12 Group B clash will emotions at their all-time high, as both sides will look to get their campaign started on a high, in their quest for World Cup glory.

A brief history of India vs Pakistan in T20 World Cup

January 22, 2022

The fixture list for the 2022 T20 World Cup in Australia has been released, with the draw for the First Round and Super 12 groups also confirmed.

T20WC 22 fixtures: Australia v NZ and India v Pakistan on blockbuster opening Super 12 weekend

January 22, 2022

Culture

Qatar Ranks First Globally, in Arab World in Numbeo Security Index 2022

Qatar Ranks First Globally, in Arab World in Numbeo Security Index 2022

January 26, 2022

Doha January 26 2022: Qatar ranked first globally within the Arab world and within the Middle East in the Security...

Saudi Deputy Defense Minister Meets China’s State Councilor and Minister of National Defense

Saudi Deputy Defense Minister Meets China’s State Councilor and Minister of National Defense

January 26, 2022

Brent Oil Hits $90 for the First Time Since October 2014

Brent Oil Hits $90 for the First Time Since October 2014

January 26, 2022

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