Foreign investors and multinational companies faced a tough year in Pakistan once again with their repatriation of profits decreasing sharply… Read More
Pakistan’s Weapon Exports Up Over 30x in FY23
Pakistan’s export of arms and ammunition have made a great stride with a staggering 30 times higher growth than the… Read More
BankIslami Appoints Rizwan Ata As President and CEO
The board of directors has given a promotion to a senior member of the bank’s team by appointing Rizwan Ata… Read More
Export Receipts from Major Countries Decline in FY23
Pakistan’s export receipts to major countries, including US, China, and UK dropped during the financial year 2023 (FY23) which affected… Read More
Syed Amir Ali to Take Over As CEO and President of Meezan Bank in 2025
The board of directors appointed Syed Amir Ali as the Deputy President and Deputy CEO of Meezan Bank. He will… Read More
Remittances Inflows from GCC Countries Continue to Slow Down
The remittance inflows from overseas Pakistanis in Gulf Cooperation Council (GCC) countries continued to fall, showcasing a 16.5 percent year-on-year… Read More
SBP Allows EMIs to Provide Remittances Services to Customers
The State Bank of Pakistan (SBP) has allowed Electronic Money Institutions (EMIs) or fintech operators to offer cross-border e-money products/services,… Read More
Govt to Issue Sukuk Against Metro, Expressway and Sports Complex of Islamabad
The cash-strapped government has planned to raise funds through Sukuks, which will be issued against various identified assets including the… Read More
Production and Demand of Energy-Efficient Fans Spirals
The demand for energy-efficient fans has been on the rise in the local market, as customers are replacing their old… Read More
Banking Industry Deposits and Profit Rate Up All-Time High
The profit rate of the bank industry continued to attract customers who invested handsomely to get lucrative and risk-free returns… Read More
Housing Finance Slumps in FY23 as Govt Falls Short of Expectations
The financing provided by banks for purchasing and building housing units slumped in the current financial year, as the incumbent… Read More
Pakistan Ranks Much Lower Than India in E-Governance
Pakistan has been ranked 150th out of 193 countries in the UN’s E-Government Development Index (EGDI) 2022, compared to India… Read More