Amidst prevailing low interest rates and with interest-based banks witnessing a double-digit decline in profitability, Sharia-based banks and banking divisions… Read More
Airlines Poised to Make Record Profits in 2018
International Air Transport Association (IATA) says that 2018 will be another year for airlines to book profits as global industry’s… Read More
PSX Proposes to Widen Scrip Level CBs to 15 Percent
In a recent notice Pakistan Stock Exchange (PSX) has proposed to widen the existing scrip-level circuit breakers (CBs) to a… Read More
NAB Speeds Up Process to Recover Rs 900 Billion from Pending Corruption Cases
Chairman National Accountability Bureau (NAB), Justice Javed Iqbal, has directed the concerned Divisions of NAB to file an application for… Read More
Daily Stock Report: Market Remains Flat With a 38 Point Drop
The bearish trend continues at the Pakistan Stock Exchange as volatility prevailed in the market due to lack of triggers… Read More
SBP Allows Banks To Open Asaan Account For Remittances
In an effort to promote use of bank accounts and remittance transactions through the banking system, State Bank of Pakistan… Read More
SBP Plans to Increase Credit to SME Sector to Rs. 1 Trillion
State Bank of Pakistan (SBP) is gearing up to launch a new initiative to increase finance supply for Small and… Read More
Bitcoin Pushes On, Reaches An All Time High of $12,000
Bitcoin has, yet again, crossed an all-time high, crossing the $12,270 mark yesterday. Despite many conspiracies against the cryptocurrency, bitcoin… Read More
Daily Stock Report: Market Finally Crosses the 40,000 Mark
The Pakistan Stock Exchange (PSX) opened the week in almost flat after a range bound session due to lack of… Read More
PTA Admits 12.5% Withholding Tax on Mobile Balance Recharge is High
Pakistan Telecommunication Authority (PTA) has admitted that the Withholding Tax of 12.5% on every mobile recharge is high because majority… Read More
Bank Lending to Private Sector On The Rise
The stable policy and interest rates coupled with growth in businesses have increased the banks loan portfolio to the private… Read More
Daewoo Starts Manufacturing Batteries in Faisalabad
Treet Corporation informed the bourse today that it has started trial production of batteries at its newly built Battery Project… Read More
