Fitch Ratings has assigned Pakistan’s Water and Power Development Authority’s (WAPDA, B-/Stable) proposed US dollar senior unsecured notes a rating… Read More
New Apple MacBook Pro Rumored to Launch in June
Apple is reportedly working on new models for the M1 MacBook Pro lineup which are rumored to release soon. A… Read More
Pakistan Took Out $10.195 Billion Foreign Debt From July 2020 – April 2021
Pakistan incurred a foreign debt of $10.195 billion from multiple financing sources during July-April of 2020-21, including $3.246 billion from… Read More
FBR Orders Officials to Stop Harassing Business Community
The Federal Board of Revenue (FBR) has taken serious notice of the ongoing harassment of the business community and has… Read More
National Bank of Pakistan Becomes Market Maker for Govt Listed Securities on PSX
National Bank of Pakistan (NBP) and Pakistan Stock Exchange (PSX) signed an agreement to onboard NBP as a ‘Market Maker’… Read More
Committee Approves Draft Policy Directives for Release of NGMS Spectrum in Pakistan
Federal Minister for Finance and Revenue, Shaukat Tarin, chaired the 4th meeting of the Advisory Committee for the release of… Read More
PayFast Becomes First Pakistani Payment Gateway to Get Commercial License from SBP
PayFast — the indigenous payments solution by APPS (Avanza Premier Payment Services) — is now the first payment gateway in the… Read More
CCP Issues Show Cause Notices To 19 Feed Companies For Cartelization
The Competition Commission of Pakistan (CCP) has issued Show Cause Notices to 19 feed companies for collusive activities and, prima… Read More
FBR Lifts Customs Duty and Sales Tax on Import of Oxygen Gas
The Federal Board of Revenue (FBR) has exempted customs duty and sales tax for 180 days on the import of… Read More
Honda Atlas Posts Unbelievable Increase in Profits in FY2021
Honda Atlas Cars Pakistan Ltd. (HCAR) has announced its financial results for the year that ended on 31 March 2021.… Read More
IT Exports Record a Massive 46% Growth in 10 Months of FY21
The IT and IT-enabled Services (ITeS) export remittances comprising computer services and call center services have surged to $1.7 billion… Read More
Rupee Posts Massive Losses Against All Major Currencies
The Pakistani Rupee continued its downward trajectory once again as it went down by Rs. 67 paisas against the US… Read More
