Pakistan will host the Global CIO Awards and World CIO Summit for the first time to recognize the most successful… Read More
Construction Company RMS Ltd. Wants to Acquire Escorts Bank
Escorts Investment Bank attracted another buyer, RMS Pvt Limited which showed its interest in acquiring an 87.9% stake of the… Read More
Govt Raises Highest Ever Capital of Rs. 371 Billion Against Ijarah Sukuk in a Single Month
The government raised a total of Rs. 371 billion (over $1.29 billion) through GOP Ijarah Sukuk against Islamabad Expressway. This… Read More
Software Business Contributes Over 50% to IT Exports in FY23
Pakistan’s IT companies remained active in the software business, having a share of 52 percent in IT exports in the… Read More
Profit Repatriation by Foreign Investors Nosedives by 80% in FY23
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
