SBP issues ‘Security of Digital Payments’ for banks/MFB in the wake of recent cyber attacks
SBP on Wednesday issued “Security of Digital Payments’ in order to safeguard banks/MFBs and their customers from potential losses due to cyber-crimes and online banking frauds.
Market Daily: Investors choose to ignore Kartarpur as market dips 189.42 points
Investor participation was mixed on Tuesday as traded volumes declined by 6 per cent to 124 million, while the traded value rose by 1 per cent to $49 million.
Pepsi and Coca-Cola pouring $1.4 billion into Pakistan: government
Pepsi planned to make “a further investment of $1.2 billion” in next five years, Khan’s office said on Wednesday, after the company’s chief executive for Asia, Middle East and North Africa, Mike Spanos, led a Pepsi delegation that met Khan
Pakistan likely to pay back IMF before Chinese debt: U.S. Treasury official
David Malpass, the Treasury’s undersecretary for international affairs, told a U.S. Senate Foreign Relations subcommittee hearing that the Trump administration was pushing for more transparency in Chinese lending, including to Pakistan
Volkswagen’s entry to challenge dominance of Asian producers in Pakistan: Fitch Solutions
Fitch Solutions projected LCV sales in Pakistan to average annual growth of 8.7% over FY19-FY22, reaching a total of around 40,400 units by the end of FY22
Suzuki Motors likely to invest $450m in Pakistan
KARACHI: Suzuki Motor Corporation (SMC) Chairman Osamu Suzuki on Tuesday expressed his interest to invest $450 million in setting up another production...
Punjab governor stresses development of SMEs to curb poverty
‘Govt vows to transform Pakistan into a business-friendly country by devising conducive policies based on solid research’
LAHORE: Punjab Governor Chaudhry Muhammad Sarwar...
Vopak to buy 44% stake in Elengy Terminal Pakistan
The acquisition will be done in separate transactions with International Finance Corp (IFC) and Engro Corp and will include a 29 percent share it had already said it would buy in July, the company said in a statement
Development in Afghanistan essential for Pakistan’s prosperity: Minister
'As many as 15 projects worth Rs32.45bn are currently being executed in Afghanistan'
ISLAMABAD: Planning, Development and Reform Minister Makhdoom Khusro Bakhtiar has said...
ECC okays Rs200bn Islamic banks facility to settle circular debt
Committee decides using RLNG to avoid gas load-shedding during winter
ISLAMABAD: In a move to settle the ever-ballooning circular debt in the power...
China’s industrial profits slow for sixth straight month, seen weakening further
Industrial profits rose 3.6 percent in October from a year earlier to 548 billion yuan ($78.92 billion), a 7-month low and a slowing from September’s 4.1 percent gain, the National Bureau of Statistics (NBS) said on Tuesday
Sugar industry, federal government at loggerheads over production price
ISLAMABAD: The sugar industry and the federal government are involved in a bitter dispute over sugar production price of Rs45.86 excluding taxes,...
$1.5 billion of foreign loans received during July-Oct FY19
During the first four months of FY19, China hasn’t provided any commercial facility and in FY18, FY17 it had given around $4.8 billion commercial loans, excluding SAFE deposits
Pakistan warned of dispute settlement proceedings by WTO members over subsidy on wheat exports
The WTO member nations cautioned if Pakistan provided rebates on wheat export again, it would initiate dispute settlement proceedings against the country
Government gives go-ahead to proposals for tax policy revamp
The EAC subgroup put forward the suggestion of having an integrated tax system at the federal and provincial levels