TCS Logistics appoints Moin A. Malik as its CEO
KARACHI: TCS – Pakistan’s largest logistics company, appoints Mr. Moin A. Malik as CEO of TCS Logistics Private Limited. Malik has an illustrious career in the logistics industry with which he has been...
View ArticleOICCI and ICBC Pakistan successfully held Webinar on RMB
Karachi: To facilitate local markets understanding and utilization of RMB, and further in the light of some interest in a new circular by PBC (People’s Bank of China), effective from March 1, 2022, to...
View ArticleBANK HOLIDAY
The State Bank of Pakistan will remain closed for public dealing on Friday, July 1, 2022 which shall be observed as Bank Holiday enabling the Bank to close its accounts. All banks / DFIs / MFBs shall,...
View ArticleMeezan Bank expands its ATM Network to 1,000
Karachi: Meezan Bank, Pakistan’s leading Islamic bank has installed its 1,000th Automated Teller Machine (ATM). This landmark cash dispensing terminal has been installed at Chashma in District...
View ArticleEngro Fertilizers releases first-ever Sustainability report
Karachi: Engro Fertilizers, Pakistan’s premier seed-to-harvest solutions provider, has released its first-ever Sustainability Report to highlight the Company’s progress toward environmental...
View ArticleTrade Associations Demand Govt To Ensure Affordable Electricity in Karachi
The representatives of eight trade and industrialists’ associations hold a joint press conference at Karachi Press Club urging the government for its immediate intervention in ensuring affordable...
View ArticlePak-Qatar General Takaful Signed MoU with Auto One Motors
Karachi: Pak-Qatar General Takaful came into an agreement with Auto One (The largest Automotive marketplace for car buyers and sellers in Pakistan. They deal with numerous certified second-hand and...
View ArticleSBP adopts more AAOIFI Shariah Standards for Islamic Banking Industry
Strengthening Shariah compliance of Islamic banking industry in line with the best international practices is one of the key pillars of SBP’s 3rd Strategic Plan for Islamic Banking Industry 2021-25....
View ArticlePUBLIC HOLIDAYS
The State Bank of Pakistan will remain closed from 8th to 12th July, 2022 (Friday to Tuesday) being public holidays on the occasion of Eid-ul-Adha.
View ArticleState Bank of Pakistan (SBP) issues final instructions for implementation of...
SBP has issued final instructions on IFRS 9 for ensuring smooth and consistent implementation of the Standard in the banking industry, with revised implementation timelines. For banks having asset size...
View ArticleFederal Tax Ombudsman Announces opening of FTO office at Hub. Appointed Mr....
Federal Tax Ombudsman, Dr. Asif Mahmood Jah, Hilal-e-Imtiaz, and Tamgha-e-Imtiaz has announced the FTO office in Hub. Honorable FTO visited the office of Lasbela Chamber of Commerce and Industry on the...
View Article25% drop in remittances: Special initiatives can attract foreign inflows,...
As the remittances from overseas workers have started falling, reporting a massive drop of over 25% in previous month, the Federation of Pakistan Chambers of Commerce & Industry’s Businessmen Panel...
View ArticleSuper-Tax imposition in “harsh and destructive” for performing...
EXPORT-ORIENTED INDUSTRIES DEMAND IMMEDIATE WITHDRAWAL OF SUPER-TAX: Unjust and uncalled-for imposition of 10 percent super-tax, in addition to all multiple levied taxes, is highly disastrous for...
View ArticleDigital Lending – SECP cautions Digital Lending NBFCs of regulatory action if...
ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has cautioned digital lending NBFCs of regulatory intervention, if full disclosure and fair business practices are not ensured by...
View ArticleVALUE-ADDED TEXTILE INDUSTRIES COMPELLED TO CLOSURE & SHIFT ABROAD OWING TO...
The Value-Added Textile Export Industries of Karachi are deeply shocked and totally disappointed with the sitting Government for utter silence, indecisiveness and no response towards the appeal and SOS...
View ArticleFrieslandCampina Pakistan wins regional award for sustainability
KARACHI: FrieslandCampina Pakistan was awarded the Gold Standard Award 2022 for Corporate Citizenship (CSR and Sustainability) by the Public Relations & Communications Association Asia Pacific...
View ArticleMonetary Policy Statement
At today’s meeting, the Monetary Policy Committee (MPC) decided to raise the policy rate by 125 basis points to 15 percent. In addition, as foreshadowed in the last monetary policy statement, the...
View ArticleSECP allows Mutual Funds to invest in ETFs
ISLAMABAD: In line with the objective of creating a competitive and deep Exchange Traded Funds (ETFs) market, the Securities and Exchange Commission of Pakistan (SECP) has allowed various categories of...
View ArticleStreet crime has increased in Karachi, but the overall situation is better,...
Police Patrolling should be increased in Karachi especially in Korangi, President KATI Salman Aslam: Karachi: Additional Inspector General of Police (IG) Sindh Javed Alam Odho said that Steps should be...
View ArticlePakistan’s Liquid Foreign Reserves Position
The total liquid foreign reserves held by the country stood at US$ 15,610.5 million as of 07-Jul-2022. The break-up of the foreign reserves position is as under:- Foreign reserves held by the State...
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