Moody’s Ratings (Moody’s) upgraded the long-term deposit ratings to Caa2 from Caa3 of five Pakistani banks: Allied Bank Limited (ABL),… Read More
Rupee Ends August With Small Gains Against US Dollar, Other Currencies
The Pakistani rupee (PKR) ended the last week of August with gains against the US Dollar today after opening trade… Read More
Banks Ordered to Remove Limits on Fund Transfers for e-IPO Transactions
Pakistan Stock Exchange (PSX) and Central Depository Company of Pakistan Limited (CDC), under the aegis of and in close coordination… Read More
Zohaib Khan Conferred First IT Icon Award
Chairman P@SHA Muhammad Zohaib Khan has been conferred the first IT Icon Award by Ecommerce Gateway for his valuable services… Read More
Pakistan to Pay Off Rs. 60 Trillion of its Total Debt By 2032
Pakistan is scheduled to pay nearly Rs. 60 trillion in debt servicing for the period 2024-2032 of which Rs. 18.3… Read More
Telenor Microfinance Bank Posts Record Profit in H1 2024
The Board of Directors of Telenor Microfinance Bank (TMB) in its meeting held on August 22, 2024, approved the Bank’s… Read More
Listed Banks Post Rs. 137 Billion Profit in Q2 2024
Pakistan’s listed banks’ profitability clocked in at Rs. 137 billion, up 4 percent YoY in 2Q2024. Excluding National Bank (NBP),… Read More
Cabinet Approves Financing Agreement for Karachi-Peshawar Railway (ML-1) Project
The federal cabinet on Friday made an important decision to approve the financing agreement between Pakistan Railways and China for… Read More
OGDC Discovers Gas and Condensate in Sindh
The Joint Venture of Sinjhoro Block comprising Oil & Gas Development Company Limited (PSX: OGDC), Orient Petroleum (19 percent) &… Read More
PIA Sale Will Be Completed by 1st October: Privatization Commission Secretary
The privatization of Pakistan International Airlines (PIA) will be completed by 1st October 2024, Secretary Privatization Commission told the Senate… Read More
Salaried Class Make Highest Tax Contribution, Retailers and Landowners Fall Short
Only 270,000 (8.7 percent) of 3.1 million retailers across Pakistan filed tax returns during the previous tax year, paying just… Read More
PTA Starts Blocking Social Media Content, Websites Through Controversial Web Monitoring System
The Pakistan Telecommunication Authority (PTA) has started blocking online content through its Web Monitoring System, restricting access to numerous websites,… Read More
