10Pearls, a Washington US-based company being led by Pakistanis, has announced the acquisition of Zen Cloud Technologies, a San Francisco-based… Read More
IMF Urges Govt to Fully Utilize Development Funds
The International Monetary Fund (IMF) has urged the Pakistani government to fully utilize its development budget at both provincial and… Read More
Karandaaz Offers Grants to its Partners to Promote Financial Inclusion for Women
Karandaaz Pakistan has signed grant agreements with 2 FinTechs, Oraan Tech Pvt. Ltd. and Techlets Pvt. Ltd, with funding from… Read More
IBL-Unisys Partners With SAS to Implement a Transaction Monitoring System at Sindh Bank Limited
IBL-Unisys and Sindh Bank Limited have kicked-off 2020 with the Go-Live of Transaction Monitoring System based on SAS (Anti-Money Laundering… Read More
FED Not Applicable on Internet Services: Supreme Court
The Supreme Court of Pakistan has stopped the government from collecting federal excise duty (FED) from the internet companies. The… Read More
Pakistan’s Exports Declined 1.15% in January 2020: PBS
Pakistan exports declined by 1.15% in January 2020 as it fell down to $1.970 billion as compared with $1.993 billion… Read More
Dubai Islamic Bank Records 33% Profit Growth in 2019
Dubai Islamic Bank Pakistan Limited continued its excellent performance as its growth trajectory showed a 33 percent year-on-year profit growth… Read More
Govt Needs Rs. 1.9 Trillion to Finance its Debt From January-July 2020
The government is looking to borrow Rs. 1.9 trillion for financing its fiscal deficit from January to July 2020. This… Read More
ABL Records a Profit of Over Rs. 14 Billion in 2019
Allied Bank Limited has successfully regained its profitability, which increased by 9.5 percent in 2019. Accordingly, the bank’s profit increased… Read More
Cement Sales Reached 4.074 Million Tons in January 2020: APCMA
The cement sector continued to grow in January as its total sales increased to 4.074 million tons, an increase of… Read More
SECP Issues Draft of Companies (Amendment) Ordinance 2020 to Facilitate Startups
The Securities and Exchange Commission of Pakistan (SECP), to improve ease of doing business and facilitate startups, has proposed amendments… Read More
FrieslandCampina Engro Pakistan Reported a Rs. 954 Million Loss in 2019
FrieslandCampina Engro Pakistan Limited (formerly known as Engro Foods) has recorded a loss of Rs. 954 million for the year… Read More
Mian Soomro Wants Two 1200MW Power Plants Privatized Fast
Federal Minister Privatization Mohammed Mian Soomro and Punjab Law Minister discussed legal matters relating to the privatization of power plants… Read More
Faysal Bank Becomes First Pakistani Bank to Partner with Payoneer
Faysal Bank Limited (FBL) continues to introduce digitally enabled solutions for customers, the bank has recently partnered with Payoneer, a… Read More
PPL Finds Largest Gas Reserves in Pakistan Since Sui
Pakistan Petroleum Limited (PPL) has found huge gas reserves in Margand block at Kalat, Balochistan. According to details, PPL owns… Read More
