The Government passed the Finance Act 2022 in the National Assembly with major amendments to the originally proposed Finance Bill. In this note, experts highlight several changes for Banks. Threshold…

According to the provisional fertilizer offtake data for the month of Jun'21, urea offtake showed a decline of 42% YoY to 673k tons compared to 1,165k tons in SPLY. Sales…

As per provisional data, overall OMC sales in June 2021 rose 14% mom to c.1.9mn tons (up 20% yoy). Doubling of furnace oil (FO) sales mom led the sequential growth…

In line with SBP's commitment to transparency in its key policy measures, SBP from today has begun releasing regular data on the progress of Roshan Digital Account (RDA). Based on…

CCA (the Association of Chartered Certified Accountants) and INTOSAI Development Initiative (IDI) have teamed up to highlight the important role of Supreme Audit Institutions (SAIs) during times of crisis. The…

Khawaja Shahzeb Akram, SVP FPCCI, said that another inflation bomb had been dropped on the people by the government. The government has also imposed a tax on medicines, which will…

The cement sector in Pakistan posted a growth of 12.73 percent in June 2021 compared to June 2020. Total Cement dispatches during June 2021 were 5.211 million tons against 4.623…

As a research-driven pharmaceutical company, Getz Pharma takes an active role in supporting advanced scientific studies that can help patients and healthcare professionals in dealing with life-threatening diseases. This time,…

U.S. Embassy Minister Counselor for Public Affairs Ray Castillo welcomed more than 70 Pakistani women entrepreneurs to celebrate the launch of the first-ever Academy of Women Entrepreneurs (AWE) program in…

Deputy Governor SBP, Ms. Sima Kamil, unveiled the commemorative stamp of the State Bank of Pakistan (SBP) Museum to mark the 10th anniversary of its establishment. The Bank's senior management,…

Chairman of National Business Group Pakistan, President Pakistan Businessmen and Intellectuals Forum, and All Karachi Industrial Alliance, and former provincial minister Mian Zahid Hussain on Friday said IMF programme has…

TPL Insurance Limited, a subsidiary of TPL Corp Limited, is pleased to announce that the Finnish Fund for Industrial Cooperation Ltd, a Private Limited Company incorporated in Finland, ("Finnfund"), a…

Equities continued to remain volatile in the outgoing week, with the benchmark index closing at 47,686pts, up 0.2% WoW. Despite positive triggers, including the approval of the Federal Budget and…

· Market traded range bound today with an oscillation between -163pts and +279pts, closing the session -105pts (unadjusted). Profit booking was again witnessed after an uptick in index seen in…

The Karachi Port Trust handled 195,666 tons of cargo comprising 121,028 Tones of import cargo and 74,638 Tons of export cargo during last 24 Hrs ending at 0700 Hours. TOTAL…

Today, 2.5 million doses of the Moderna COVID-19 vaccine donated by the United States arrived at Islamabad International Airport. These vaccines are being delivered to the Pakistani people in partnership…

Hitachi ABB Power Grids today announced that it will be evolving to become Hitachi Energy from October 2021. The decision to change name has board and shareholder consent and coincides…

AAA Markhor champion league, Pakistan's most distinguished Tape Ball Cricket tournament, concluded in Jinnah Stadium Gujranwala, in which Striking Panther beats Eagle Eye in the final match to pull off…

Kashan Hasan has been appointed as the lead for all Pakistan operations at Reckitt – formerly known as Reckitt Benckiser (RB). Previously, Kashan was leading the Health business in Pakistan…

Huawei Pakistan together with the Higher Education of Pakistan is inviting prospective Pakistani undergraduate applicants to register for the Seeds for the Future program 2021. First launched in Pakistan back…

Ericsson (NASDAQ: ERIC) has launched its annual Ericsson Innovation Awards (EIA) 2021, a global competition with a grand prize of €25,000 that offers university students around the world the chance…

iCare has done a campaign for empowering 35 trans-genders, from different cities, from varying backgrounds, and providing them with training during the outbreak of COVID19 as their means of income…

The total liquid foreign reserves held by the country stood at US$ 23,297.4 million on 25-Jun-2021. The break-up of the foreign reserves position is as under: - Foreign reserves held…

VIS Credit Rating Company Limited has upgraded the entity ratings of Meezan Bank Limited ('MEBL' or 'the Bank') to 'AAA/A-1+' (Triple A/ A-One Plus) from 'AA+/A-1+' (Double A Plus/ A-One…

The Karachi Port Trust handled 220,158 tons of cargo comprising 144,381 Tones of import cargo and 75,777 Tons of export cargo during last 24 Hrs ending at 0700 Hours. TOTAL…