The State Bank of Pakistan (SBP) is making importers pay demurrages to the tune of $10,000 while it refuses to… Read More
Govt Appoints Ashraf Mahmood Wathra as NBP Board Chairman
The federal government has appointed Ashraf Mahmood Wathra as the new Chairman of the Board of Directors National Bank of… Read More
NutriCo Morinaga Receives $56.5 Million Investment From Parent Company
The Japan-based Morinaga Milk Industry Company Limited has made an investment of $56.6 million in NutriCo Morinaga (Private) Limited after… Read More
IT Ministry Yet to Appoint New USF Board Members
The Ministry of Information Technology and Telecommunication (MoITT) is yet to appoint new members to the board of the Universal… Read More
Symmetry Group Wants to Raise Rs. 430 Million through PSX Listing
Symmetry Group Limited wants to raise Rs. 430.2 million through a stock exchange listing. The Pakistan Stock Exchange (PSX) on… Read More
SBP Will Assist Banks to Convert to Islamic Mode
Deputy Governor of the State Bank of Pakistan (SBP) Sima Kamil said that the banking regulator will facilitate banks having… Read More
Visa Appoints Umar Khan as Country Manager for Pakistan
Visa, the world leader in digital payments, has announced the appointment of Umar Khan who will lead its operations in… Read More
IT Ministry Commences ‘One Office One Light’ Policy At its Offices
Ministry of Information Technology and Telecommunication (MoIT&T) has commenced implementation of the ‘one office one light’ policy at its offices… Read More
Money Changers Suggest Higher US Dollar Rate to Increase Remittances
Exchange companies have proposed that the government raise US dollar rates for remittances in order to reduce currency price movements… Read More
Senate Passes Bill for ‘Limit’ on Bank Loans in Smaller Provinces
Loans to the private sector for projects in small provinces will now only be as high as the bank deposits… Read More
NHA Board Okays Additional Rs. 408 Million for Urgent Rehabilitation of Kayal Bridge
The National Highway Authority (NHA) Executive Board accorded in-principle approval of the revised Engineer’s Estimate and allocation of additional funds… Read More
Steel Prices Hit New Peak After Another Hike of Rs. 8,000 per Ton
The domestic prices of steel products have spiked for the sixth time since December 2022, as procuring raw materials is… Read More
