SBP grants in-principle approval to Finja to operate as EMI
LAHORE:Â Finja, the trailblazing Pakistani fintech behind the popular SimSim mobile wallet launched in partnership with Finca Microfinance Bank, has announced that it...
Rupee second worst performing currency in the world
KARACHI: The Dollar today gained about 6.45 rupees in the interbank market as the interim government let the rupee slide deeper into...
Pakistan’s Airlift secures $12m in Series A financing
Airlift, a Pakistan-based decentralised mass transit system, has secured $12 million in Series A financing. The round was led by First Round...
Govt to present FY21 budget on June 12
ISLAMABAD: The federal government will present the federal budget for financial year 2020-21 before the National Assembly on June 12, sources said...
What the SECP’s new NBFC regulations mean for the industry
The regulator is seeking to add more teeth to the enforcement mechanism both for companies that offer consumers investment and insurance options as well as consumer access to credit.
Rupee likely to fall below 125 to dollar after Eid
The rupee’s approximately 4 per cent drop against the dollar last week, from 115.63 on Monday to 121.39 by the close on Thursday, once again rattled the currency market amid renewed fears of inflation and a Balance of Payments (BoP) crisis.
Bank AL Habib declares Rs12.88bn profit before tax
The Board of Directors of Bank AL Habib Limited announced the financial results for the nine months period ended September 30, 2019.
The...
Stock market may hold up to eight IPOs in 2019
Arif Habib Group CEO expects the market to post a healthy run next year on back of improving macros and political...
Vintage cars exempt from import tax, to be taxed at $5,000 flat
Under the proposed rules taxation will not vary according to the engine capacity of the car but will be imported at a fixed rate of $5,000 per unit.
Abraaj founder released from custody after $19 million bail payment
Arif Naqvi will have to surrender his Pakistani passport, wear an electronic tag and remain under 24-hour curfew
LONDON:Â Arif Naqvi, the Pakistani...
PTI finalises a revamped version of PML-N’s youth loan scheme
ISLAMABAD:Â The Imran Khan led Pakistan Tehreek-e-Insaf (PTI) government has decided to launch a revamped version of the Prime Minister's youth loan scheme,...
Faysal Bank planning 200 new branches in Pakistan
As banks around the world shut branches and lay off tellers, Pakistan’s Faysal Bank is headed in the opposite direction in the...
Agha Steel IPO oversubscribed by 1.63 times
The book-building phase of the Initial Public Offer (IPO) of Agha Steel concluded on Wednesday with investors oversubscribing it by as much...
HBL 9M2020 profit surges to Rs25.3bn, a threefold increase over same period year ago
HBL declared a consolidated profit after tax of Rs25.3 billion for the first nine months of 2020, an almost threefold growth over...
Rupee stands it ground, appreciates 87 paisa against GBP
Within the open market, the Pakistani rupee was traded at 142.60/144 against the USD.