Foreign currency buying selling rates
KARACHI: The foreign currency buying selling rates as on February 09, 2019 as issued by Forex Association of Pakistan. US Dollar (Inter-bank) – Buying at Rs138.65 and Selling at Rs138.75.…
International Maritime Expo to help tapping unexplored maritime resources to secure future growth
KARACHI: Emphasizing the development of shipping and fishing industry, former Commander Pakistan Fleet Rear Admiral Retd. Arifullah Hussaini said that in order to increase exports and promote tourism, the unexplored…
Govt borrowed $1.8bn in six months: EAD
ISLAMABAD: The government has received an amount of $1.813 billion in loans from multilateral and bilateral sources during the first six months of the current fiscal year, according to a…
Pakistanis having offshore accounts can invest in diaspora bonds
ISLAMABAD: The government has permitted resident Pakistanis, having offshore bank accounts, to invest in diaspora bonds, which may allow people to channel their money from offshore tax havens and foreign…
US-China trade tensions could hit African growth
ADDIS ABABA: Persisting trade tensions between economic superpowers the United States and China could shave 0.7 per cent from Africa’s GDP in 2019, a senior official at the African Development…
‘Harnessing technology platforms is the way forward for enhancing agricultural productivity’
KARACHI: “I would urge the stakeholders including banks, federal and provincial governments to harness technology platforms for enhancing agricultural productivity”, said Tariq Bajwa, Governor State Bank of Pakistan while presiding…
K-Electric to raise Rs25b through Sukuk
KARACHI: K-Electric has decided to raise debt worth up to Rs25 billion to finance ongoing projects in the areas of power generation, transmission and distribution and to finance day-to-day expenditure.…
UAE economy to lead GCC in 2019, Saudi set for slowdown
Economic recovery across the Middle East and North Africa is set to slow down in 2019 and growth is likely to be weaker than most expect, but the UAE at…
Financial Sector Stalwart, Dr. Shamshad Akhtar to Head Karandaaz Board of Directors
Islamabad: Karandaaz Pakistan is pleased to announce the appointment of Dr. Shamshad Akhtar as its new Chairperson, Board of Directors. Dr. Shamshad Akhtar replaces Dr. Ishrat Husain, who served as…
Tesla & Mercedes Talking About Electric Van Collaboration
Tesla and Mercedes-Benz have a history together. In May of 2009, Mercedes bought a 9% stake in the fledgling Tesla Motors for $50 million. Two months later, it transferred 40%…
Mortgage interest rates ‘to remain high’, Central Bank figures show
Ireland’s mortgage interest rates will likely remain among the highest in the eurozone if a proposed bill preventing banks from selling customers’ homeloans without borrower approval is passed into law,…
BankIslami Introduces ‘OneTouch Banking’a Complete Biometric Banking Solution for the First time in Pakistan
KARACHI: With the growing prevalence of technologically advanced solutions in banking industry, BankIslami breaks through the industry with OneTouch Banking, a complete Biometric solution which enables you to carry out…
Facebook acquires AI startup that helps you shop
Facebook said Friday that it purchased a startup called GrokStyle, which uses artificial intelligence to help shoppers find furniture and home decor. “We are excited to welcome GrokStyle to Facebook,”…
KSE-100 Index takes a breather after five weeks, sheds 0.5 percent
KARACHI: After five consecutive bullish weeks, Pakistan Stock Exchange (PSX) benchmark KSE-100 Index closed 0.55 percent down at 40,887 points for the week ended February 8, 2019, as investors resorted…
Sukkur IBA University producing clean, renewable energy: VC
Energy requirements are rising with continuous increase in the population. Government of Pakistan is struggling hard to cope with the rising energy deficit, but unfortunately the gap between demand and…
Modifications in WeBOC search settings open door for blunders, revenue leakage
KARACHI: The Directorate of Reforms and Automation has modified the settings of WeBOC system for all the users, which has complicated the assessment process and at the same time opened…