BankIslami Limited has reported a profit after tax (PAT) amounting to Rs. 1.436 billion for the half year ended June… Read More
MCB Bank No Longer Wants to Acquire Telenor Microfinance Bank
The management of MCB Bank has decided not to pursue its interest in the acquisition of a major shareholding either… Read More
Govt to Approve Long Term Residency Policy for Foreign Investors
The Federal Cabinet is likely to approve a policy for the grant of long-term residency to foreign investors. Sources said… Read More
Food Inflation to Surge as Agriculture Sector Takes Rs. 400 Billion Hit Due to Floods
Pakistan’s agriculture sector suffered a loss of around Rs. 400 billion as the current rains and floods have devastated major… Read More
PriceOye Raises $7.9 Million With PayPal and Tinder Founders Investing
One of Pakistan’s top online consumer electronics marketplaces, PriceOye, announced on Tuesday that it has raised $7.9 million in seed… Read More
PostEx Acquires Call Courier to Become Pakistan’s Largest eCommerce Service Provider
Pakistan’s e-commerce sector is set to hit $12 billion by 2025 as adoption and growth scale. In propelling this growth,… Read More
Rupee Loses Further Ground Against US Dollar Ahead of IMF Meeting
The Pakistani Rupee (PKR) continued to lose ground against the US Dollar (USD) and posted losses during intraday trade today.… Read More
Rupee Falls Against US Dollar 5th Day in a Row As More Uncertainty Spoils Saudi News
The Pakistani Rupee (PKR) slid further against the US Dollar (USD) and posted losses during intraday trade today. It depreciated… Read More
IMF Contingency Plan: Govt to Increase Fuel Taxes If Revenue Data Underperforms
The Government of Pakistan will initially impose a 10.5 percent General Sales Tax (GST) on petroleum products and increase it… Read More
Govt Revises Release Strategy for Public Sector Development Funds
The federal government has amended the release strategy of funds of the Public Sector Development Programme 2022-23 and reduced the… Read More
FrieslandCampina Engro Pakistan Posts Profit of Rs. 938 million in H1 2022
FrieslandCampina Engro Pakistan Limited (FCEPL) announced its financial results for the six months ending June 30, 2022. The company registered… Read More
Rupee Drops Further As Dollar ‘Dominance’ and Economic Uncertainty Rattle Markets
The Pakistani Rupee (PKR) dropped further against the US Dollar (USD) and posted losses during intraday trade today. It depreciated… Read More
