Rapidly expanding Islamic banks are working to develop their own KIBOR-like benchmark for the inter-bank Sharia-compliant financing rate in the country. The decision to establish the Islamic Inter-Bank Offer Rate...
The local money market seems to have excess liquidity that forced the State Bank of Pakistan (SBP) on Friday to mop up around Rs 31.5 billion within a short span...
Federal Board of Revenue (FBR) has once again decided to take a stick to ensure tax compliance and strict enforcement. The tax administration has pinpointed over 700,000 major tax evaders...
The central bank has decided that any investment portfolio of up to 15 percent of the equity of the banks, microfinance banks (MFBs) and development finance institutions (DFIs) would not...
Trading activity at Karachi Stock Exchange on Friday ended on a positive note on the back of, what the analysts believed, recovering global commodities and WTI crude oil closing over...
Oil sales in the country have dwindled by four percent in the first 10 months of the FY11 primarily because of, what the analysts believe, lower consumption of High Speed...
A woman fired from a French vineyard on an estate used by US film stars Brad Pitt and Angelina Jolie is suing for unfair dismissal, her lawyer said Thursday. The...
The attack on Frontier Constabulary (FC) headquarters in Shabqadar led to the killing of 80 freshly trained paramilitary cadets and civilians. Responsibility for the attack was promptly accepted...
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