Standard Chartered Bank Pakistan Limited recently signed an unfunded Risk-Participation Agreement with British International Investment (BII), the UK’s development finance… Read More
Rupee Reverses Gains Against US Dollar Despite Good News From IMF
The Pakistani rupee (PKR) failed to take advantage of last week’s drama and posted losses against the US Dollar today.… Read More
Engro Polymer’s Profit Declines by Staggering 75% in Q1 2023
Engro Polymer & Chemicals Limited (PSX: EPCL) has announced its financial results for the quarter that ended on March 31,… Read More
NA Committee Sends Case for Election Funds to Parliament on Deadline Day
A meeting of the National Assembly Standing Committee on Finance and Revenue was held today under the chairmanship of Qaiser… Read More
Engro Fertilizers’ Profit Declines by 20% in 1st Quarter of 2023
Engro Fertilizers Limited (PSX: EFERT) has reported a profit after tax (PAT) of Rs. 4.4 billion in the quarter that… Read More
Banks Told to Compensate Fraud Victims
The State Bank of Pakistan (SBP) has directed commercial and microfinance banks to compensate their customers within three working days… Read More
UK-Based Company Revokes Plan to Set Up NayaPay Like EMI in Pakistan
Checkout Limited, a renowned UK-based financial service provider, has revoked its plan to set up an Electronic Money Institution (EMI)… Read More
FTO Urges FBR to Recover Rs. 5.5 Billion Sales Tax From Steel Melters/Re-Rollers
Federal Tax Ombudsman (FTO) Friday urged upon the Federal Board of Revenue (FBR) to overcome the huge revenue shortfall in… Read More
Ishaq Dar to Hold Virtual Talks With President of Asian Development Bank Today
Finance Minister Ishaq Dar will hold virtual talks with the President of the Asian Development Bank (ADB) today, well-informed sources… Read More
Rupee Gains 3rd Day in a Row Against US Dollar
The Pakistani rupee (PKR) gained further ground against the US Dollar and posted big gains for the third consecutive day… Read More
Don’t Back a Broke (Dishonest) Founder
Written by: Haseeb H. Shaikh I realize the title of this piece may be a slight generalization – not all… Read More
Governor SBP Addresses Investors About Pakistan’s Economy and Way Forward
Governor State Bank of Pakistan (SBP) Jameel Ahmad met key international investors and fund managers in an event organized by… Read More
