41st Council meeting of IFSB concludes in Islamabad
The State Bank of Pakistan (SBP) hosted the 41st Council meeting of the Islamic Financial Services Board (IFSB) on December 15, 2022 at Islamabad. The meeting was presided over by…
Customs Enforcement Quetta arrests two more currency smugglers
QUETTA: Customs Enforcement Quetta has foiled several attempts of currency smuggling through Afghan border and lodged separate FIRs against Muhammad Aif and Muhammad Zahir. On the directives of Chief Collector…
ABHI is Solving Day-to-Day Financial Problems with Earned Wage Access
A high number of salaried individuals live paycheck to paycheck and are in a constant state of worry about their finances. It’s no shock that the working class in developing…
MMBL Partners with Quwat, Industrus to offer Digital Solutions for B2B
Islamabad: Pakistan’s largest digital bank, Mobilink Microfinance Bank Limited (MMBL) has signed a strategic partnership with Quwat, the fintech arm of Industrus – a tech service provider catering to the…
Temenos and NdcTech sign partnership to expand market reach in Bahrain, Kuwait, Oman, Pakistan, Qatar, Saudi Arabia, and UAE
Karachi: Temenos (SIX: TEMN) today announced that it has signed an agreement to grant license rights to NdcTech, a wholly owned subsidiary of Systems Limited and one of its largest…
State Bank of Pakistan Designates Domestic Systemically Important Banks (D-SIBs)
The State Bank of Pakistan (SBP) has announced the designation of D-SIBs for the year 2022 under the Framework for Domestic Systemically Important Banks (D-SIBs) that was introduced in April…
Engro Fertilizers organizes “Grow More Wheat” campaign with Punjab government to boost wheat productivity
Karachi: Engro Fertilizers, Pakistan’s premier seed-to-harvest solutions provider, has organized mega farmer seminars in Bahawalpur, Kabirwala, and Hafizabad, to support the Government of Punjab’s “Grow More Wheat” initiative for enhanced…
IHC dismisses petition by PIACL, allows petitions by arms importers
ISLAMABAD: Islamabad High Court has dismissed a petition filed by Pakistan International Airlines Corporation Limited (PIACL) challenging the vies of Section 14-A (2) of the Customs Act 1969 while petitions…
FBR notifies promotions of BS-20 and BS-19 PCS officers into next grade
KARACHI: Federal Board of Revenue (FBR) has notified promotions of the officers of Pakistan Customs Service (PCS). BS-20 officers of Pakistan Customs Service promoted to BS-21 include Abdul Majid Yousfani,…
Faysal Bank Declared Best Islamic Retail Bank in Pakistan
With a keen focus on offering innovative Islamic retail banking products and services, Faysal Bank Limited (FBL) has been at the forefront of setting new benchmarks in the Islamic retail…
Press Release of Workers’ Remittances in November 2022
Workers’ remittances recorded an inflow of US$2.1 billion during Nov 22. During Nov 2022, remittances decreased by 4.8 percent on m/m and by 14.3 percent on y/y basis. With cumulative…
Special Custom Court grants bail before arrest to accused in Red Phosphorus case
KARACHI: Special Judge, Custom, Taxation & Anti-Smuggling Court Muhammad Saad Qureshi admitted an accused Imran S/o Abdul Hakeem to pre-arrest bail against a solvent surety of Rupees 100,000. The accused…
Customs Quetta foils multiple attempts of currency smuggling
QUETTA: In a single day Collectorate of Customs Enforcement Quetta, foiled three attempts of currency smuggling in huge amounts via Chaman Friendship Gate. On the directives of Chief Collector Quetta…
Old Design Large Size Banknotes can not be exchanged after 31 December 2022: SBP
The Federal Government vide Gazette Notification F.No.2(1)IF-III/2010 dated December 23, 2021, had extended the last date for exchange of old design large size banknotes of Rs 10, 50, 100 &…
Affordable Power Available for All: CM Breaks Ground At KE’s 73rd Grid Station
Chief Minister Sindh Murad Ali Shah and Sindh Energy Minister Imtiaz Shaikh attended the groundbreaking ceremony at KE’s KKI Grid. This is the 73rd grid in KE’s network and provides…
SHC dismissed review application filed by importer
KARACHI: A review petition seeking reversal of order passed in a constitution petition CP-D-5094/2022 filed by Muhammad Azhar Naeem, an importer was dismissed by the custom appellate bench of High…
I&I Peshawar seizes smuggled goods worth Rs200 million
ISLAMABAD: In line with the directives of Director General Faiz Ahmed, Customs Intelligence and Investigation Peshawar recovered large quantity of smuggled goods worth over Rs200 million. Information was passed through…
SHC vacates 13 Show Cause Notice being time barred, uphold in timer
KARACHI: A custom appellate bench of High Court of Sindh on Monday vacated 13 out of 14, subject matter of a petition filed by M/s. Micro Innovations and Technologies (Pvt)…
SHC orders release against securing of duty, taxes before Nazir
KARACHI: A custom appellate bench of High Court of Sindh has allowed a petition filed by Messers S.M.Industries and others seeking release of consignments of filament yarn against securing of…
Ufone 4G users to get 1GB free data on ‘UPower 120’ subscription
Islamabad: Pakistani telecom company, Ufone 4G after the resounding popularity of its flagship UPower offerings, is further boosting the utility of its UPower 120 offer to deliver enhanced control and…