The telecom sector has continued making investments in Pakistan over the expansion and upgrading of its network of infrastructure and… Read More
Import of LNG Helped Govt Save Hundreds of Billions in Electricity Cost
The import of LNG has also helped reduce the overall electricity generation cost in the country by around Rs. 234… Read More
SBP Revises GDP Growth Projection for FY21
The State Bank of Pakistan (SBP) has revised the GDP growth rate for the financial year 2020-21 to settle between… Read More
Profit Repatriation Increases 10% to $1.31 Billion During July-April
The profit repatriation of foreign companies and investors from Pakistan had a modest growth of 10 percent ($117 million) during… Read More
Citi Pharma to Conduct Book-Building to Raise Over Rs. 2 billion
Citi Pharma Limited, the supplier of raw material to leading brands of medicine, GSK, and Abbott, has planned to issue… Read More
SCB Has Shut Down Half of Its Branches in Pakistan
Standard Chartered Bank (SCB) claimed to maintain high-class banking services, but its accessibility is limited for the customers since it… Read More
Islamic Banking is Now More Popular than Traditional Banking
The financing by the Islamic Banking segment of Pakistan’s banking industry has surpassed the value of financing made through conventional… Read More
SBP’s Easy Loan Scheme for Facilitating Covid-19 Patients Being Misused by Hospitals for Business Expansion
Hospitals, diagnostic centers, and healthcare service providers have availed a significant amount of loans, nearly Rs. 12.5 billion, from various… Read More
Pakistan Receives Record Remittance of $2.8 Billion in April 2021
The remittance received from Overseas Pakistanis in April stood at $2.8 billion, which is an all-time high figure for a… Read More
Escorts Investment Bank Delays Expansion Plans After Huge Losses
Escorts Investment Bank, which is owned by real estate tycoon Malik Riaz, has continued to pile up losses in every… Read More
Supernet Likely to Get Listed on PSX
An ICT service provider and a subsidiary of Telecard Limited by the name of Supernet is likely to get listed… Read More
Bank Financing to Housing and Construction Crosses Rs. 200 Billion
Banks’ housing and construction finance portfolio has surged to Rs. 202 billion in March 2021 mainly due to the policy… Read More
Bank Alfalah Planning to Acquire SilkBank’s Consumer Finance Portfolio
The management of Bank Alfalah has formally approached the management of Silkbank to acquire its consumer finance portfolio comprising credit… Read More
Current Account Posts $959 Million Surplus in July-March
Pakistan’s current account posted a surplus of over $900 million during the first nine months of the fiscal year. According… Read More
Habib Metro Bank’s Profit Doubles in Q1
Habib Metro Bank geared up its financial performance from the last year with a record profit growth of 103 percent… Read More
