The sales of local and international e-commerce merchants reached Rs 20.7 billion in FY17 and Rs 40.1 billion in FY18… Read More
PSX Removes WorldCall Telecom From Defaulters’ List
The management of Pakistan Stock Exchange (PSX) has removed WorldCall Telecom from the defaulters’ list after the telecom company clarified… Read More
HBL Obtains A Loan of $196 Million From Chinese Bank
In order to expand its offshore operations and to finance energy projects, Habib Bank Limited (HBL) has obtained a loan… Read More
Police Ordered To Stop Harassment of Couples in Karachi
Police Department in Karachi has ordered its officers and constables to stop harassing couples at the park, beach and the… Read More
Malik Riaz’s Investment Bank Reports Huge Losses
Escorts Investment Bank, owned by Malik Riaz through Bahria Town, reported huge losses of Rs. 154 million in the financial… Read More
SBP to Regulate Fintech, E-Money & EMIs
In order to achieve financial inclusion through different services, State Bank of Pakistan has planned to regulate fintech and companies… Read More
Overseas Pakistanis Can Donate to Dam Fund via Paypal’s Xoom Service: SBP
State Bank of Pakistan has recommended using a money transfer service, Xoom, owned by PayPal, to facilitate overseas Pakistanis in… Read More
Companies Plan to Hire More Employees in Next 6 Months: SBP Survey
Private and multinational companies in Pakistan have revealed that they are planning to hire more employees in the next six… Read More
Amir Ali is the New CEO and President of BankIslami
BankIslami, Pakistan’s second-biggest full-fledged Islamic bank, has handed over its controls to Syed Amir Ali, who is the new CEO… Read More
SBP Hikes Interest Rates for the 4th Time in 2018
State Bank of Pakistan (SBP) has increased the policy rate by 100 basis points, the fourth raise so far in… Read More
Pakistani Banks are Incurring Huge Losses Overseas: Report
Pakistani banks’ performance in other countries is witnessing a tough time as they are turning up huge losses, standing at… Read More
HBL Borrows $150 Million from IFC
Habib Bank Limited has borrowed a loan of $150 million from International Finance Corporation (IFC) as part of its plan… Read More
