BankIslami Pakistan Limited has successfully completed its 6th rights issue of Rs. 1 billion to increase its total paid up capital to Rs. 11 billion, according to a statement released by the bank. The statement …
Business & Finance
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Citibank Pakistan is satisfied with the Current Economic Policies
Citibank Pakistan is satisfied with the current economic policies of the government and has called for the continuation of these policies for an economic turnaround.
The senior management of the bank has endorsed the economic …
Pakistan and ADB Sign Loan Agreement Worth $1.3 billion
The Economic Affairs Division of Pakistan has signed an agreement with the Asian Development Bank (ADB) worth $1.3 billion for budgetary support and reforms.
Hammad Azhar, Minister for Economic Affairs witnessed the loan signing of …
Foreign exchange inflows continue to surge
Foreign exchange inflows continue to surge as workers’ remittance by overseas Pakistanis have been recorded at 1.81 billion dollars, an increase of 9.4% in November 2019 compared to the same period last year.
Spokesperson for …
FBR decides to launch Track and Trace System for major sectors of economy
Federal Board of Revenue has decided to launch Track and Trace System for major sectors of the economy.
According to FBR, the decision was made in order to prevent leakage of revenue, under-reporting of production …
Pak Rupee rise to five-month high against dollar
The rupee in open market rise to its five-month high as demand for the dollar fall owing to decline in imports.
Increase in dollar from lending agencies and foreign investment in rupee also helped stabilise …
Russian Delegation Visits Pakistan to Confirm Investment in PSM, PIA & Gas Pipeline
Russia is keen to develop its stakes in Pakistan’s economy. For this, a 64-member delegation headed by Minister for Trade and Industries for the Russian Federation, Denis V Manturov, is visiting Pakistan for four days …
Finland invites Pakistan to explore opportunities
Finland says it will encourage Pakistani business community to explore new opportunities in any sector in that country.
This was told by Ambassador of Finland to Pakistan Harri Kamarainen while addressing the members of Karachi …
Punjab Governor vows to eliminate corruption
Punjab Governor Chaudhry Muhammad Sarwar says the PTI government would not budge an inch from its principled stand against corruption.
In a statement in Lahore on Sunday, he said the corrupt elements are enemies of …