Octopus Digital’s oversubscribed initial public offering indicates strong investor demand for the company’s stock, but also showcases a pricing miscalculation… Read More
NTC to Hold Public Hearing on Herbal Extract Import Tariffs
A local manufacturer of herbal medicine for the common cold, bronchitis and other respiratory conditions has sought the National Tariff… Read More
Rupee Drops Below Rs. 168 Against the US Dollar for the First Time Since 2020
The Pakistani Rupee depreciated against the US Dollar beyond the Rs. 168 mark for the first time since August 2020… Read More
US Hacker Behind BankIslami’s 2018 ATM-Theft Sentenced to 11 Years in Prison
The suspect in BankIslami’s 2018 ATM-theft incident has been sentenced to over 11 years in prison, the US Department of… Read More
Pakistan Annually Loses Rs. 250 Billion Due to Oil Smuggling: Oil Marketing Association
Pakistan is losing Rs. 250 billion annually due to the smuggling of petrol and diesel, according to a body of… Read More
NADRA Launches Contactless Biometric Verification Services for Banking and Payments Industry
The National Database and Registration Authority (NADRA) has introduced contactless biometric verification services, for banking and the payment industry according… Read More
Remittances Witness 27% Rise in August 2021
Pakistan’s remittance inflows registered a hike of 27 percent year-over-year as banking services in the country improve accessibility and ease-of-use… Read More
Return on Equity of Pakistan’s Large Banks Slid Over Past Decade: Report
The return on equity of large banks has deteriorated over the past decade, while that of mid-tier banks has improved,… Read More
Rupee Drops Even Lower Against the US Dollar
The Pakistani Rupee depreciated against the US Dollar again after posting gains yesterday to close at Rs. 167.66 today, up… Read More
Govt Raises Rs. 318.40 Billion Through Treasury Bill Auction
The government of Pakistan raised Rs. 318.40 billion on September 8 through the sale of market treasury bills, missing its… Read More
PPL Makes Hydrocarbon Discovery in Sindh
Pakistan Petroleum Limited has made a discovery of hydrocarbons from an exploratory well in Sindh. In a notice sent to… Read More
HealthTech Startup Ailaaj Wins $1.6 Million in Seed Funding
Ailaaj, a digital healthcare startup, announced on September 8 that it raised $1.6 million in seed funding, Profit by Pakistan… Read More
