The total liquid foreign reserves held by the country stood at US$ 20,512.1 million on 31-December-2020.The break-up of the foreign reserves position is as under: - Foreign reserves held by…

Pakistan Telecommunication Company Limited (PTCL) and Avaya Holdings Corp (NYSE: AVYA) have signed a partnership agreement where PTCL will launch Avaya Spaces, the all-in-one workstream collaboration app for the digital…

Under its flagship initiative, Project Sarbulandi, K-Electric organized camps in different locales of Lyari and Gadap. At the camps, KE's customers availed facilities on long awaited dues for payments such…

VIS Credit Rating Company has upgraded the Management Quality Rating (MQR) of HBL Asset Management Limited (HBL AMC) from 'AM2+' (AM-Two Plus) to 'AM2++' (AM-Two Plus Plus). Outlook on the…

The Citizens Foundation (TCF) is the winner ofSouth Asia's"Best Presented Annual Report Award 2019" in the Non-Government Organization category, as declared by SAFA –the South Asian Federation of Accountants. SAFA…

In another effort to bring greater ease to its customers, Telenor Pakistan has partnered with TPL Trakker, Pakistan's leading IoTCompany providing tracking, telematics, and location based services & solutions. Through this collaboration, Telenor Pakistan's customers…

Chairman of National Business Group of FPCCI, President Pakistan Businessmen and Intellectuals Forum and All Karachi Industrial Alliance, and former provincial minister Mian Zahid Hussain on the slow pace of…

Under a grant from Karandaaz Pakistan, HysabKytab's application saw a 27% increase in the conversion rate of the offered financial products in its women consumers. Karandaaz Pakistan, with funding from…

· Market added a solid 544pts during the session, and ended at that level (unadjusted). Buying activity was observed across the board with E&P and O&GMCs rebounding strongly and supported…

The Karachi Port Trust handled 116,651 tons of cargo comprising 76,586 Tones of import cargo and 40,065 Tons of export cargo during last 24 Hrs ending at 0700 Hours. TOTAL…

Askari Bank has collaborated with Bookme.pk to provide a hassle-free digital experience for customers to conveniently purchase online tickets through Bookme.pk by paying directly through their bank accounts via Askari…

The State Bank of Pakistan released its First Quarterly Report on The State of Pakistan's Economy for the fiscal year 2020-21 today covering the period July – September, 2020. The…

Emerging data shows that the UK COVID-19 variant (called VOC 202012/01) is a new mutation of the virus which has been identified as a particularly concerning strain of the virus…

· Market saw selling pressure from the start of trading session, which was primarily caused by an overnight decline in crude oil prices as well as profit booking in Power,…

CarFirst, Pakistan's most trusted used car trading platform, announced it has signed the legendary sports icon, Wasim Akram as their brand ambassador for the year 2021. By introducing the iconic…

The Managing Committee of the Karachi Chamber of Commerce & Industry (KCCI) has fully supported the stance by Chairman Businessmen Group Zubair Motiwala and President KCCI Shariq Vohra and after…

The Karachi Port Trust handled 102,110 tons of cargo comprising 55,968 Tones of import cargo and 46,142 Tons of export cargo during last 24 Hrs ending at 0700 Hours. TOTAL…

Emirates is making travel to Dubai even sweeter in 2021 with the return of My Emirates Pass – an exclusive offer that turns the Emirates boarding pass into a membership…

A total of 185 exhibitors (436 in totals with co-located events) from 18 countries and 3,586 active visitors/users (4,434 in totals with co-located events) from 93 countries participated in virtual…

Indus Motor Company (IMC) recently inaugurated Toyota Port Qasim Motors at Karachi, making it the 12th dealership in Karachi and 17th in the Southern region. Present were IMC Chairman Mohamedali…

The incumbent government is planning to repay overdue circular debt receivables of ~PKR 450bn in three phases (first tranche of PKR ~150bn will be paid immediately while second and third…

As per the OCAC numbers, MS, HSD and FO sales showed recovery of 4.8/13.0/108.4% YoY respectively, taking petroleum sales to 1.6mn Tons in Dec'20, down/up 7/16% MoM/YoY. According to Pakistan…

Boskalis announces the acquisition of all the shares of Rever Offshore's subsea services business ('Rever'). Rever, formally known as Bibby Offshore, offers a broad range of solutions in the area…

Country's leading cellular and digital services provider, Zong 4G, and one of Pakistan's leading commercial banks, Faysal Bank, have inked an agreement making Zong 4G its official communication partner. The…

Coca-Cola Pakistan is partnering with Cantonment Board Clifton, Rotary International and 2 other organizations to establish 17 water filtration plants to provide clean drinking water for disadvantaged communities in various…