TCS and 1LINK Collaborate for Biller Initiator Model
KARACHI: In a recent development in digital payments landscape, TCS has collaborated with 1LINK to introduce the service of collecting bill payments at their 900+ TCS Express Centers and at…
Foreign currency buying selling rates
KARACHI: The foreign currency buying selling rates as on January 16, 2019 as issued by Forex Association of Pakistan. US Dollar (Inter-bank) – Buying at Rs138.86 and Selling at Rs138.91.…
Workshop on Public Sector Corporate Governance held
ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP), in collaboration with the Corporate Governance Unit of Finance Department, Government of Khyber Pakhtunkhwa organized a workshop on “Public Sector Corporate…
Government considers special tech zones, abolishing advance tax on internet
KARACHI: At a time when most of the economic indicators are going downwards, businesses are shrinking and companies across all sectors are downsizing, the Information Technology (IT) sector offers bright…
Muhammad Aurangzeb elected PBA Chairman
KARACHI: On completion of the term of Aftab Manzoor, as Chairman Pakistan Banks’ Association (PBA), Muhammad Aurangzeb, President & CEO, Habib Bank Limited (HBL), has been unanimously elected as Chairman…
AUMs under open end mutual fund decline 5.7 percent
KARACHI: Assets under Management (AUMs) for the Open End Mutual Fund (OEF) industry declined by 5.7 percent to Rs544 billion as at December 31, 2018 with conventional and Shariah compliant…
TPL Properties, Equitativa sign MoU
KARACHI: TPL Properties has signed a memorandum of understanding (MoU) with Equitativa, the largest Real Estate Investment Trust (REIT) manager in the GCC and manager of Emirates REIT, to form…
KATI for spreading awareness about e-commerce
KARACHI: President Korangi Association of Trade & Industry (KATI) Danish Khan has underlined the need to spread awareness among business community pertaining to e-Commerce. He was addressing at a seminar…
Chairman Senate stresses strengthened bilateral multi-sector cooperation with Saudi Arabia
ISLAMABAD: Pakistan and Saudi Arabia have agreed to explore new avenues for investment as such cooperation always play a central role in bringing nations closer and help build a long…
District magistrate bans advertising of housing schemes
ISLAMABAD: The district magistrate of Islamabad on Monday placed a ban on any form of advertisement of housing schemes and societies. In a notification issued by the capital administration, it…
SBP expands the scope of National Financial Literacy Program to all over Pakistan
KARACHI: In order to create awareness about the National Financial Literary Program (NFLP) and more specifically, sensitize the masses regarding the on-ground execution, a dedicated NFLP mass media campaign is…
Foreign investors 2018 CSR contribution of over Rs 20 Billion for 60 million beneficiaries
Karachi: The leading foreign investors who are members of the Overseas Investors Chamber of Commerce and Industry (OICCI) have invested in excess of PKR 20 Billion during the past twelve…
SECP warns public against ‘National Institute of Human Resource Management’
ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has noticed that an entity namely; National Institute of Human Resource Management (NIHRM) is fraudulently displaying its fake registration with SECP…
Pakistan starting citrus promotional campaign in Jeddah
KARACHI: Commercial Section of the Consulate of Pakistan in Jeddah is starting its citrus promotional campaign from 16-23 Jan 2019. It will include in store promotion and display of citrus…
PTI government to present 2nd mini-budget on January 23rd
KARACHI: The government would present the supplementary finance bill on January 23, 2019, which is aimed at investment facilitation and increasing ease of doing business rather than revenue generation, Finance…
KSE-100 Index gains 4.0 percent backed by UAE’s support package
KARACHI: Pakistan Stock Exchange (PSX) benchmark KSE-100 index gained 4.0 percent or 1,502 points closing the week ended January 11, 2019 at 39,049 points, as $3.0 billion support package was…
Drug Regulatory Authority notifies up to 15 percent increase in medicine prices
KARACHI: The Drug Regulatory Authority of Pakistan (DRAP) has notified 9.0 percent to 15 percent increase in drug prices to provide much-needed relief to the local drugs’ producers in view…
FPCCI seeks duty free export to China from Gwadar
GWADAR: The Federation of Pakistan Chambers of Commerce & Industry (FPCCI) has sought duty free access to Chinese market for exports from the industry setup in Gwadar free zone. A…
Khurram Shahzad assumes charge as acting president KCCI
KARACHI: Khurram Shahzad, Senior Vice President KCCI has assumed charge as acting president of the Karachi Chamber of Commerce and Industry (KCCI) during the absence of President KCCI Junaid Esmail…
Pakistan’s six-month trade deficit clocks in at $16.9 billion
KARACHI: The July-December 2018 trade numbers were released on Thursday, where Pakistan’s exports were recorded at $11.1 billion, up 1.7 percent over last year while the country’s imports for the…