Pakistan’s total foreign reserves reach $8.86 billion
Pakistan’s total liquid foreign reserves stood at $8,863.8 million while reserves held by the central bank reached $3,536.9 million. The State Bank of Pakistan, in...
Business Tech
Sindh CM tables Rs2.24 trillion budget with deficit of Rs 37.7bn
Sindh Chief Minister Syed Murad Ali Shah on Saturday tabled an annual budget of Rs 2247.581 for the next financial year 2023-24 with a development...
Shareholders rejoice as Lucky Cement continues to break profitability records
Continuing its remarkable legacy of surpassing one milestone after another, on a consolidated basis, Lucky Cement Limited, achieved its highest ever profit after tax of...
Petroleum import bill contracts by 11.66% in 9 months
The imports of the overall petroleum group contracted by 11.66 per cent during the first nine months of the current fiscal year (2022-23) as compared...
Meezan Bank, PaySa join hands to expand POS payment services
Meezan Bank and PaySa have partnered to enable Point of Sale (POS) payment services to tap into the country’s booming digital payment ecosystem. PaySa, a fintech...
SBP issues Islamic banking license to Faysal Bank
State Bank of Pakistan (SBP) has issued an Islamic banking license to Faysal Bank Limited (FBL) making it the second-largest full-fledged Islamic bank in Pakistan....
Netline becomes first Pakistani company to receive $4.5m valuation in energy sector
Intermarket Securities, a leading brokerage firm, confirmed a $4.5 million valuation for NetLine, a family-owned business in the energy and power sector. NetLine is known...
PSX goes live with Public PRIDE
After implementing the PRIDE system, which automated the listing process for debt and equity issues, Pakistan Stock Exchange (PSX) has gone live with Public PRIDE...
ECC allows continuation of PM relief package to KPK, approves funds for PSM gas supply
The Economic Coordination Committee (ECC) of the cabinet here on Tuesday allowed the continuation of Prime Minister’s Relief Package and Sasta Atta Initiatives for Khyber...
Gallup Business Confidence Index drops to lowest level in Pakistan
Entrepreneurs are getting increasingly pessimistic about the conditions of their businesses owing to Pakistan’s political and economic situation. According to a Gallup Pakistan survey conducted...