Meezan Bank, Pakistan's first and the largest Islamic bank has been recognized with the 'Employer of the Year' Diamond Award in the category of 'Large National Companies' by Employers' Federation…
Patron-in-Chief of Korangi Association of Trade & Industry (KATI) SM Muneer and President KATI Saleem-uz-Zaman emphasized on economic and trade centric diplomacy to enhance the exports. SM Muneer lauded PM…
The Karachi Port Trust handled 281,838 tons of cargo comprising 200,443 Tones of import cargo and 81,395 Tons of export cargo during last 48 Hrs ending at 0700 Hours. TOTAL…
In an industry first, Bank Alfalah has partnered with Goldfin – a leading gold financing company – to introduce a new financing option for its Small and Medium Enterprise (SME)…
Market traded range bound today, oscillating between -148pts and +186pts, closing the session +186pts (unadjusted). E&P sector, that led the Index the other day remained negative throughout the session on…
The United States Mission to Pakistan, in cooperation with the Government of Pakistan, presented a new records management system to digitize more than four million records for the Drug Regulatory…
Mian Nasser Hyatt Maggo, President and Mr. Nasir Khan Vice President of the Federation of Pakistan Chambers of Commerce and Industry appreciated the FBR for its efforts to improve ease…
A memorandum of understanding (MoU) has been signed between ACCA (the Association of Chartered Certified Accountants) and the Institute of Financial Markets of Pakistan (IFMP). Both the organisations have decided…
As per SBP data, Pakistan's current account balance in February 2021 is a deficit of US$50mn, compared with a deficit of US$210mn in the previous month (down 75% yoy). This…
The overall assets and deposits of the Islamic banking industry have shown tremendous growth of 30 percent and 27.8 percent, respectively, during CY2020. This is the highest increase in assets…
As part of continued efforts to strengthen network reliability and add rain mitigation measures to critical power infrastructure, K-Electric (KE) on Thursday inaugurated its first elevated substation. This substation elevation, rebuilt…
The National Day of Pakistan was marked in Turkey at an impressive ceremony at Pakistan Embassy in Ankara today. The Ambassador of Pakistan to Turkey, Muhammad Syrus Sajjad Qazi, raised…
The Board of Directors of EFU General Insurance Limited on 25 February 2021 approved the annual financial statements for the year ended 31 December 2020. Despite the Covid 19 Pandemic,…
METRO Pakistan in collaboration with the Federal Bureau of Revenue (FBR), has completed integration of all its Point of Sales (POS) with the latest Electronic Device System (EDS) introduced by…
PSMC posted 4QCY20 NPAT of PKR1.0bn (EPS: PKR12.26) up from a net loss of PKR233mn (LPS: PKR2.84) in 4QCY19. This takes CY20 net loss to PKR1.6bn (LPS: PKR19.31). This is…
In line with Government of Pakistan's initiative for the development of housing and construction sector, the State Bank of Pakistan (SBP) has been taking various regulatory steps to enhance banks/DFIs…
Pakistan Microfinance Investment Company Limited (PMIC), the country's foremost organization serving as a vital pillar to the National Financial Inclusion Strategy, recently set up and launched its "Institution Development Fund''…
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 Monday said prices of…
Nearly eight in ten merchants (79%) of small businesses in Pakistan that were surveyed believe digital payments is an important investment in their business recovery, according to a new study…
· Market went down earlier in the session by 165pts that saw across the board mild selling pressure. Short roll-over week and an outstanding amount of Rs. 38.8B at the…
The Karachi Port Trust handled 365,501 tons of cargo comprising 238,479 Tones of import cargo and 127,022 Tons of export cargo during last 48 Hrs ending at 0700 Hours. TOTAL…
Khushhali Microfinance Bank has partnered up with 1LINK 1TIP (Cyber Threat Intelligence Platform) to implement a robust cyber security posture for the bank and further strengthen their payments ecosystem against…
Power generation went up by 4.0% YoY to 7,281 GWh (10,835 MW) during Feb'21, compared to 7,002 GWh (10,060 MW) during Feb'20. Major contributors during Feb'21 were: Hydel (Share: 28%),…
Water is not just a source of life, but has a role in every part of life whether that's economy, climate, politics or society in general. In Pakistan water is…
World Water Day is observed across the globe every year on March 22. Theme of the day for year 2021 is "Valuing Water". Cognizant of the value of water for…