Karachi: On a consolidated basis, Lucky Cement Limited, once again, reported its highest ever profit after tax of PKR 36.42 billion for the year ended June 30, 2022, of which…

Karachi: As a landmark and first of its kind initiative in Pakistan’s capital market landscape, “Emlaak Financials” the first digital aggregator platform for mutual funds has been formally inaugurated by…

In view of recent volatility in the exchange rate and the difference between the interbank rate and the rate offered by Exchange Companies (ECs) and banks to their customers, State…

Dr. Murtaza Syed, Governor (A) State Bank of Pakistan (SBP) has announced the formation of a committee and appointment of an SBP liaison officer for close coordination with the Federation…

Pakistan’s problems are temporary and are being forcefully addressed. Pakistan’s foreign exchange reserves have fallen since February as foreign exchange inflows have been outpaced by outflows. The inflows mainly comprise…

OCI Dedicated Regions bring the full public cloud to more customers and more customer data centers with a new, smaller infrastructure footprint and lower price. Compute Cloud@Customer brings rack-scale OCI…

Alkaram, one of the biggest names in Pakistan’s textile industry, is partnering with ABHI, Pakistan’s first financial wellness platform, to offer its employees the facility of Earned Wage Access. ABHI’s…

Government of Pakistan Market Treasury Bills (MTB’s) Auction Result Tenders for Sale of 3 – Month, 6 – Month & 12 – Month Government of Pakistan Market Treasury Bills were…

ISLAMABAD: To promote the culture of self-regulatory organizations (SROs), the Securities and Exchange Commission of Pakistan (SECP) has issued the Self-Regulatory Organizations (Registration) Regulations, 2022. These regulations will aide in…

Lahore, Pakistan: Mastercard and MCB Bank have entered a strategic partnership to boost financial inclusion in Pakistan and empower small businesses with Simplify Commerce, an all-in-one e-commerce technology solution. The agreement…

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has notified amendments to the Insurance Rules, 2017 devising admissibility requirements of Right of Use Assets. Under International Financial Reporting Standard…

ISLAMABAD: To promote implementation of sound principles of risk management in credit and suretyship businesses of insurance companies, Securities and Exchange Commission of Pakistan (SECP) has notified amendments to the…

In June, remittances rose to $2.76 billion, increasing by 18.4 percent on m/m basis and 1.7 percent on y/y basis.   In June, remittances were mainly sourced from Saudi Arabia…

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP), to encourage participation of insurance companies in the Exchange Traded Fund (ETF) market, has allowed insurance companies to invest in open-ended…

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…

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…

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…

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 calls…