Commercial banks managed to recover a handsome amount of Rs. 86.703 billion in 2019 against Non-Performing Loans (NPLs) from customers… Read More
SECP Registered 14,461 New Companies in FY19
According to the Annual Report (2019) issued by the Securities and Exchange Commission of Pakistan (SECP), the commission has registered… Read More
EU to Provide €13 Million Grant to Pakistan
The European Union (EU) has agreed to provide a €13 million grant to Pakistan to improve its fiscal policies and… Read More
PSX Records Highest Foreign Monthly Selling in 15 Months
During the month of February 2020, huge foreign selling was seen at the Pakistan Stock Exchange (PSX) as offshore investors… Read More
OGRA Recommends Lowering Petrol Price by Rs. 5 Per Liter
OGRA has sent a summary to the Ministry of Energy (Petroleum Division) on Friday which recommends a reduction in fuel… Read More
NBP’s Profits Dropped By a Massive Rs. 4.2 Billion in 2019
National Bank of Pakistan (NBP) recorded a tough year as its profits dropped massively to Rs. 15.8 billion in 2019… Read More
Private Lending to SMEs is Too Low, SBP Needs to Fix it: Finance Committee
The National Assembly Standing Committee on Finance expressed serious concerns over a lower rate of private sector credit (7 percent)… Read More
ePay Punjab Collects Rs. 1 Billion Revenue in Five Months
Within the first five months, EPay Punjab has collected over Rs. 1 billion revenue from multiple levies in the province.… Read More
IWD Women TechMakers 2020 is Coming to the Twin Cities Next Month
This International Women’s Day, Women Techmakers Islamabad and GDG Cloud Islamabad are bringing their biggest flagship event, IWD Women Techmakers… Read More
Silkbank Credit Card Users Will Now Get a Big Discount on British Airways Air Tickets
Silkbank Limited, having a substantive market share of Credit Cards, signed an agreement with British Airways. Many renowned government officials,… Read More
BankIslami Makes Over Rs. 1 Billion Profit in 2019
BankIslami profits surged to over Rs. 1 billion in 2019. The bank profits of Rs. 1.103 billion, which is 241%… Read More
Standard Chartered Bank Made a Record Profit of Rs. 16 Billion in 2019
Standard Chartered Bank has made a record all-time high profit of Rs. 16 billion in 2019. The bank witnessed 43… Read More
FBR Forms JIT to Investigate 355 Non-Custom Paid Cars
The Federal Board of Revenue (FBR) has constituted a Joint Investigation Team (JIT) to probe the scam of 355 vehicles… Read More
Syed Muhammad Taha Takes Charge as MD and CEO of PSO
The newly appointed Managing Director (MD) and Chief Executive Officer (CEO) of Pakistan State Oil Company Limited (PSO), Syed Muhammad… Read More
Nestlé Pakistan’s Profits Dropped 36.70% in 2019
Nestlé Pakistan announced its financial results for the calendar year 2019. The company posted a profit of Rs. 7.35 billion,… Read More
