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Sindh Bank & Summit Bank Under Attack

Karachi, July 17, 2019: Panic gripped among the customers and stakeholders of the two banks — Sindh Bank and Summit Bank — as the government ministers imposed allegation on the banks declaring them as Benami Banks developed purposefully for exercising money laundering. Customers of the two banks are getting worried from the serious level allegation…

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Govt. imposes ban on wheat exports

Islamabad, July 17, 2019: Adviser to Prime Minister on Finance and Revenue, Dr Abdul Hafeez Shaikh, chaired the meeting of the Economic Coordination Committee (ECC) of the Cabinet, here today. A report on the wheat situation in the country was presented in the ECC by Ministry of National Food Security and Research. It was briefed…

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Interest rate hike to bring a new wave of inflation

Uncertainty gripped the country after the budget. Economic indicators deteriorating: Mian Zahid Hussain   Karachi, July 17, 2019: President Pakistan Businessmen and Intellectuals Forum (PBIF), President All Karachi Industrial Alliance (AKIA), Senior Vice Chairman of the Businessmen Panel of FPCCI and former provincial minister, Mian Zahid Hussain on Wednesday said the country is in grip of…

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Stock gains 14 points

Karachi, July 16, 2019: The KSE-100 Index of Pakistan Stock Exchange closed at 32,972 points on Tuesday as against 32,958 points on Monday showing an increase of 14 points or 0.04 percent. Cement and E&P sector played a major role in setting the pace of the market on Tuesday, which oscillated between +135pts and -354pts….

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