Amazon officially enters Pakistan with web services

SINGAPORE: Having registered a local office under the name Amazon Data Services Pakistan (Pvt) Ltd, Amazon is forming a team for Amazon...

SBP introduces Non-Resident Pakistani Rupee Value Accounts

KARACHI: In order to facilitate Non-Resident Pakistanis (NRPs) with opening and operating of non-resident Pakistani rupee accounts, the State Bank of Pakistan...

Gold price continues to rise, hits new peak at Rs128,700 per tola

In the int'l market, gold price breached its historic resistance of $2,000 an ounce

FBR shares CNICs of 0.1m unregistered persons to NADRA in a move to broaden tax base

ISLAMABAD: The Federal Board of Revenue (FBR) provided a list of 100,000 Computerised National Identity Card (CNIC) numbers of unregistered persons to...

Sorry, JazzCash & Easypaisa; the fintech revolution for the unbanked is finally here

In October 2017, the giants of Pakistan’s financial and policy scene met at the most expensive hotel in the federal capital for...

FBR asks banks to compile five-year record of account holders

ISLAMABAD: The Federal Board of Revenue (FBR) on Thursday according to the proposed amendments to the Banking Companies Reporting Rules 2010, asked...

Moody’s upgrades Pakistan’s outlook from ‘under review for downgrade’ to ‘stable’, maintains B3 rating

---Moody's forecasts current account deficit (CAD) for ongoing FY21 at 2 per cent of GDP compared to 1.1 per cent recorded in FY20

SECP asks PSX to inquire alleged insider trading at TRG Pakistan

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has asked the Pakistan Stock Exchange (PSX) to inquire about the alleged "insider...

Yunus Brothers’ diversification strategy begins to pay dividends

The conglomerate that owns Lucky Cement, Kia Lucky Motors, and ICI Pakistan is set to take advantage of positive tailwinds in the cement, auto, and pharmaceutical industries

Customs unearths Rs330m under-invoicing scam 

ISLAMABAD: Pakistan Customs has unearthed a Rs330 million scam wherein importers had imported Tang (brand) drinking powder at an exorbitantly low value...

Silkbank Ltd, SCB Pakistan Ltd appoint new CEOs

KARACHI: The Board of Directors of Silkbank has appointed Shahram Raza Bakhtiari as the new President and CEO of the Bank, the...

Pakistan awaits Saudi Arabia’s response on renewal of oil facility agreement

ISLAMABAD: An agreement between Pakistan and Saudi Arabia for provision of $3.2 billion worth of oil on deferred payments per annum has...

Govt appoints Brig (r) Shujah Hassan as Pakistan Steel Mills CEO 

KARACHI: The federal government has appointed Brig (r) Shujah Hassan as the Chief Executive Officer (CEO) of the Pakistan Steel Mills. According to...

UBL profits grow 19pc to Rs11.4bn in 1st half of 2020

United Bank Limited (UBL) posted a year-on-year growth of 19pc in profit after tax (PAT) for the half-year ended June 30, 2020.  “With...

ECNEC approves $6.8bn for Pakistan Railways’ ML-1 Project

ISLAMABAD: The Executive Committee of the National Economic Council (ECNEC) on Wednesday approved the project of Pakistan Railways for the up-gradation of...