PICIC Growth & Investment Funds to be converted into Open End Scheme
HBL Asset Management Ltd in its board meeting held on February 24, 2017 has decided to proceed with the conversion PICIC Investment Fund (PIF)...
PSO’s managerial excellence at JIMCO terminal commended by VP Total Parco
Vice President Operations, Total Parco, Rene Pierre Raffalli and other high officials, recently visited the JIMCO Oil terminal in Mehmoodkot, Punjab to review the...
Internet, mobile banking witness astounding growth during 2nd quarter FY 2017-18
ISLAMABAD: A remarkable growth of internet and mobile banking has been witnessed as banking services through advanced and convenient channels continue to grow.
Electronic banking transactions posted a double-digit growth in...
Petroleum division to approach NAB to investigate Pak-Qatar LNG deal
2nd LNG supply deal between Qatar and Pakistan highlights surprising terms and conditions for the buyer: sources
Oil prices decline on potential supply hikes; Trump-Putin eyed
Supply outages in Libya and strike action in Norway and Iraq pushed oil prices higher late last week, although prices still ended down for a second straight week
Tractor sales record a three year high as govt subsidy takes effect
The government's  tax relief incentives on sales of tractors have caused its sales to reach a three-year high and the trend is likely to continue...
Oil prices rise, as global stock markets bounce back
SINGAPORE: Oil prices rose on Tuesday, lifted by a rebound in global stock markets that followed sharp falls last week.
U.S. West Texas Intermediate (WTI)...
Investments decline while savings increase amid high inflation
ISLAMABAD: The country’s investment-to-GDP ratio has declined during the last three years from 17.3 percent in 2017-18 to 15.4 percent in 2019-20 while national...
Facebook’s financials improve, despite data scandal
NEW YORK: Facebook shares rose on Wednesday after the social network reported a surprisingly strong 63 per cent rise in profit and an increase...
Forex reserves shrink to $11.4bn
KARACHI: Declining by 1.4 per cent on a weekly basis, the country's foreign exchange reserves held by the State Bank of Pakistan (SBP) continued to...
No requirement to be a tax filer for vehicles below 1000cc: Tax authorities
ISLAMABAD: While the Federal Board of Revenue (FBR) has imposed the conditions for filers for the purchase of new/imported vehicles from July 1, 2018,...
PICIC insurance set to merge into Crescent Star Foods
LAHORE: A bourse notification Tuesday filed by PICIC Insurance revealed the company's board of directors had approved its merger with Crescent Star Foods (CSF)...
HBL collaborates with Visa to launch QR payments service in Pakistan
HBL, Pakistan's leading bank in the digital space, and Visa, the world leader in digital payments, have collaborated to launch Visa on mobile, a...
SECP registered 1,060 new companies in November
Around 72 percent of companies were registered as private limited companies, while around 26 percent were registered as single member companies
ECC approves Rs20bn to overhaul PIA’s aircraft engines
PM directed the Aviation Division and the Finance Ministry to ensure that the financing was strictly utilised only for the defined purpose.
