Online tax-filing startup Befiler announces $1.5m seed raise
LAHORE: Online tax filing portal Befiler has announced a $1.5 million seed raise from international and local investors, the company announced in...
Would shutting down the lights early really save Rs62 billion? Â
ISLAMABAD: To help stabilise the economy, the federal cabinet resolved on Tuesday to take drastic steps, such as closing markets at 8:30...
ECC approves Rs60bn financing for PSO to clear financial obligationsÂ
ISLAMABAD: A meeting of the Economic Coordination Committee (ECC) of the federal cabinet among other decisions has approved the release of Rs...
Govt raises Rs655bn in special T-bill auction
In a special treasury bill (T-bill) auction on January 3, the State Bank of Pakistan (SBP) was able to raise Rs 655.09...
Textile industry in shambles: another company reduces production by 50%
In the midst of ongoing economic challenges faced by the textile industry since the second half of last year, another textile business...
Petroleum sales continue to plummet
ISLAMABAD: The oil industry has witnessed a cumulative decline of 19% in the first half of financial year 2023 compared to the...
Inflation jumps in Dec’22 despite finance ministry claims
ISLAMABAD: Inflation continued to soar in December 2022 proving the forecast of the finance ministry wrong which had been claiming that inflation...
JDW Sugar Mills completes two-million share buyback
JDW Sugar Mills Limited (JDWS) has completed a share buyback of 2 million shares. The company made the announcement to the Pakistan...
From smoke of corruption scandal, Summit emerges as Islamic Banking hopeful
After a cautious return to public attention at the start of 2022, one entire year later Summit Bank has decided to convert...
Close calls and abysmal lows – the economy in 2022Â
LAHORE: Even compared to the unchartered territories of the COVID years, 2022 was a wild ride for Pakistan and the global economy....
PIA to undergo EASA audit to determine whether EU operations will restart
LAHORE: The European Union Aviation Safety Agency (EASA) is scheduled to conduct a remote safety audit of the Pakistan International Airlines (PIA)...
Flood devastation to keep economic growth below target: finance ministry
ISLAMABAD: The finance ministry has hinted that economic growth is likely to remain below the budgeted target of 5 percent due to...
Faysal Bank branches now 100% Islamic; awarded Islamic Banking license
Faysal Bank has completed its transition to a complete Islamic bank after the State Bank of Pakistan (SBP) issued FBL an Islamic...
Bank Alfalah completes biggest 200m buyback, while IFC given partial exit
Bank Alfalah Limited (BAFL) has completed the purchase/buy-back of 200 million shares, the biggest buyback volume of 2022. On the last trading...
Govt likely to maintain fuel prices at current level for first half of January
ISLAMABAD: The government will sit and wait for at least the first half of January before announcing any change in the prices...