Turkey’s defense giant ASELSAN (Askeri Elektronik Sanayi, Military Electronic Industries) is preparing to launch its offices in Pakistan from January… Read More
Locusts Are Plaguing Pakistan’s Economy: Bloomberg
Pakistan’s economy is threatened by locust swarms. These locusts have spread throughout Pakistan, damaging mustard, cotton, and wheat crops in… Read More
PSX to Implement New Circuit Breakers in January 2020
Pakistan Stock Exchange has planned to start a circuit breaker in January 2020, which will help calm volatility after swings… Read More
Foreign Remittances Remain Flat During First Five Months of FY2019-20
Remittances sent by overseas Pakistanis remained flat during the first five months (July-November) of this fiscal year (FY20) as compared… Read More
Pakistan and China to Implement New Trade Tariff Concessions From 1st January
The Ministry of Commerce has announced that the protocol to amend the China-Pakistan Free Trade Agreement (CPFTA) is in effect… Read More
Nishat Chunian to Acquire or Merge With NC Electric
Nishat Chunian has announced that it might acquire NC Electric or merge with its wholly-owned subsidiary. In a notification to… Read More
FBR Unearths Tax Evasion Worth Rs. 18 Billion in Karachi
The Federal Board of Revenue (FBR) has unearthed sales tax evasion of Rs. 18 billion by a corporate taxpayer during… Read More
Italy Announces Rs. 1.2 Billion Soft Loan for KP Archaeology Department & Religious Tourism
The Italian government has announced a Rs. 1.2 billion soft loan for the development of the Archaeology Department of Khyber… Read More
Pakistan and ADB Sign Loan Agreement Worth $1.3 billion
The Economic Affairs Division of Pakistan has signed an agreement with the Asian Development Bank (ADB) worth $1.3 billion for… Read More
Citibank Pakistan is Satisfied With The Current Economic Policies
Citibank Pakistan is satisfied with the current economic policies of the government and has called for the continuation of these… Read More
BankIslami Raises its Paid-up Capital to Rs. 11 Billion
BankIslami Pakistan Limited has successfully completed its 6th rights issue of Rs. 1 billion to increase its total paid-up capital… Read More
Pakistani Rupee Reaches a Five-Month High After Massive Forex Inflows
The Pakistani rupee appreciated during the weekend, as it rose to its five-month high against US dollar and UAE dirham.… Read More
