Pakistan’s ICT is one of the three sectors with the potential to boost the country’s overall exports by manifolds as… Read More
Banking Industry’s Deposits Surge to a Record Rs. 14. 6 Trillion in 2019
Pakistan’s banking industry’s deposits reached an all-time high at Rs. 14.63 trillion by the end of 2019. High-interest rates helped… Read More
Pakistan’s Airline and Passenger Traffic Declined During 2019
Lower air traffic and passengers have seriously hurt Pakistan during 2019, mainly due to frequent suspension of flight operations of… Read More
Islamic Banking Industry Records 100% Growth in Profit Before Tax
The Islamic banking industry is growing its profits by leaps and bounds which is evident with its handsome profit before… Read More
Branchless Banking M-Wallet Accounts Decrease by Over 40%
Branchless banking companies failed to re-activate dormant m-wallet accounts despite back to back promotional activities and incentivized offers, causing a… Read More
SBP Slaps Penalties of Rs. 192.6 Million on MCB, HBL, ABL and BoP
State Bank of Pakistan (SBP) has imposed heavy penalties on four commercial banks in November 2019 due to the violation… Read More
Banks Reports of Suspicious Transactions Witness a Staggering Increase
Banks have beefed up their monitoring and vigilance of transactions on the directives of the government. Latest numbers showed a… Read More
Pakistan To Develop Its Own LNG Shipping Facility
The government has decided to develop an indigenous LNG shipping facility, by building the operational capacity of Pakistan National Shipping… Read More
Pakistan Records Handsome Growth in Software Consultancy Exports
Pakistan’s IT companies continued to strengthen their niche in software consultancy services as they attracted over $100 million in receipts… Read More
Govt Announces Incentives For Setting Up Private Shipping Lines in Pakistan
The Ministry of Maritime Affairs has announced multiple incentives for foreign shipping companies to set up private shipping lines and… Read More
Guru Nanak Coins Worth Rs. 25 Million Are Already Sold Out: SBP
State Bank of Pakistan has received an overwhelming response from the Sikh community as more than 46,000 commemorative coins of… Read More
Pakistani Engineering Degrees Are Now Accepted Worldwide: Senator Rukhsana Zuberi
As Pakistan is now a permanent member of the Washington Accord, engineering degrees issued by local higher education institutions are… Read More
Pakistan’s Forex Reserves Are Not Built on Loans: SBP Governor
Governor State Bank of Pakistan Reza Baqir has stated that Pakistan’s foreign exchange reserves are not increasing due to foreign… Read More
K-Electric Has Almost Completed Its $450 Million 1000MVA Transmission Project
K-Electric (KE) is finishing up the $450 million’s TP-1000 project, which will add about 1,000 MVA of transmission capacity through… Read More
SSGC Disconnects Gas Connections to Leading Hospitals in Sindh
Sui Southern Gas Company has disconnected the supply of gas to leading government hospitals in Karachi on non-payment of bills… Read More
