Online medicine delivery startup emeds.pk secures six-figure seed investment
The digital pharmacy currently operates in Lahore and plans to branch out to other cities in the near futureÂ
Organic Meat Company closes IPO book-building
Pakistan first IPO of 2020 oversubscribed 1.7 times
SBP stresses active involvement of Pakistan Post to promote financial inclusionÂ
'Cross-country evidence indicates that post offices are likely to accommodate financial needs of individuals who are poor, less educated, or outside the labour force compared to conventional financial institutions'
Virus lockdown: Gul Ahmed reports Rs8bn loss in revenue
LAHORE: The retail stores of Gul Ahmed Textile Mills Limited (GATM) across the country had remained closed for approximately eight weeks, owing...
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.
SBP sells Rs112bn worth of PIBs
KARACHI: The State Bank of Pakistan (SBP) has raised Rs112 billion through the sale of Pakistan Investment Bonds (PIBs), according to a...
0.9mn borrowers benefit from SECP’s loan rescheduling permission to non-bank microfinance sector
ISLAMABAD: The Security and Exchange Commission of Pakistan (SECP)'s permission to Non-Bank Microfinance Companies (NBMFCs) to reschedule their loan portfolio not only...
Rs96 billion dispersed to 1,320 companies through SBP’s refinance scheme: Reza Baqir
KARACHI: A total 1,320 companies have availed State Bank of Pakistan’s (SBPs) refinance scheme and a sum of Rs96 billion has been...
ADB approves $500m loan to Pakistan to aid Covid-19 responseÂ
MANILA: The Asian Development Bank (ADB) has approved a $500 million loan to help the Pakistan Government deliver social protection programs to...
Government agrees to not borrow from SBP
ISLAMABAD: As the third round of talks between the Pakistan government and the IMF came to an end on June 9, it...
Government to finalise budget on June 8
The government is set to finalise the outlay for the federal budget 2020-21 on June 8 in a meeting of the National...
World Bank calls for longer-term debt relief for poorest countries
WASHINGTON: World Bank Group President David Malpass on Thursday called for longer-term debt relief for the world’s 77 poorest countries, and said...
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...
SBP reserves drop $141m to $12.1bn
The foreign exchange reserves held by the State Bank of Pakistan (SBP) decreased by $141 million to $12.129 billion on a weekly...
BOP’s profit drops to Rs1.5bn in Q12020
LAHORE: The Board of Directors of The Bank of Punjab (BOP) met recently to consider and approve the unaudited financial statements for the...