The government has decided to abolish Rs. 54 billion block allocations for Finance Division in the upcoming Public Sector Development… Read More
SBP Increases Rate of Return on Dollar Deposits
In order to mobilize deposits of dollars in the banking system, the State Bank of Pakistan (SBP) has increased the… Read More
Interest-based Banking Should be Replaced by Shariah-compliant System: Mufti Taqi Usmani
Renowned Muslim Scholar Mufti Taqi Usmani has urged the Islamic banking professionals and other stakeholders of financial institutions to replace… Read More
IMF Deal to Stabilize PKR But Inflation Set to Rise Significantly: Report
The new deal with the International Monetary Fund (IMF) should play a key role in stabilizing forex reserves and positively… Read More
SWVL to Fire 32% of its Employees, Hopes to Make a Profit by 2023
Swvl Holdings, a global provider of transformative tech-enabled mass transit solutions, announced today that it is implementing a portfolio optimization… Read More
Development Projects Suffer After Govt Cuts Public Sector Spending
The downward revision of the public sector development program (PSDP) from Rs. 900 billion to Rs. 480 billion has hampered… Read More
MNA Gets Angry on No Coffee After Ban While Animals Face Death Due to Food Shortage
In a classic example of elitism, the National Assembly on Thursday discussed the non-availability of coffee in Islamabad due to… Read More
Pakistan Eyeing Potential Gas Import Deal with Russia: Report
Pakistan is in talks with a number of countries, including Russia, to pen a liquefied natural gas (LNG) import deal… Read More
New Hydel Profit Methodology to Raise Electricity Prices by Over 20%
The application of AGN Kazi Committee Methodology (KCM) for the calculation of Net Hydel Profit (NHP) will increase the generation… Read More
HBL to Inject Rs. 1.4 Billion in Its Subsidiary
The management of Habib Bank Limited (HBL) has received a green signal from the State Bank of Pakistan for undertaking… Read More
STZA Gets Targeted by Misinformation Campaign
Special Technology Zones Authority (STZA) is allegedly being subjected to misinformation, blackmail, and slander, with malicious intent to unduly influence… Read More
Airlift Shuts Down Operations in Multiple Cities
In light of the significant downturn in global capital markets, Airlift is undertaking a strategic realignment to reduce the area… Read More
