Category: Business

Swiss telecom company likely to enter Pakistan

The Global Message Services (GMS) AG, a telecommunication services provider in Switzerland In this regard, a delegation of the company led by its president and Chief...

Sindh governor says all is not well

Conceding that all is not well, Sindh Governor Muhammad Zubair said that some of the economic indicators show negative signs Taking to journalists at the Inauguration of...

Gold price inches higher on better demand

Interest from potential buyers and hedgers provided strength to gold price besides hedging and composite gold Futures and speculation on output in international and...

Across-the-board buying pushes PSX up by 1,113 points

Pakistan equities closed Tuesday higher as institutional cherry-picking helped KSE 100 index to surge by as much as 2.5% and settle over 45,600 level amid...

Overseas Pakistanis remit $19.3 billion in FY17

Overseas Pakistani workers remitted $19303.58 million in FY17 (July to June), compared with $19916.76 million received. According to the data released by State Bank of...

NIB Bank’s merger into MCB comes into effect

NIB Bank Ltd (NIB)’s merger with and into MCB Bank Ltd (MCB) has come into effect from close of business 7th July 2017. All properties, assets, liabilities, rights...

LNG policy reduced energy crisis

Chairman of Federation of Pakistan Chamber of Commerce and Industry (FPCCI) Regional Committee on Industries. Atif Ikram Sheikh Sunday said Government’s LNG policy was...

SBP asked to initiate inquiry into sharp deterioration

Finance Division has officially asked the Governor, State Bank of Pakistan (SBP), to initiate an inquiry into the sharp deterioration of PKR-US$ exchange rate in the...

Pakistani rickshaws make their way into Japan

Japan has traditionally been a major market for car buyers, but things are looking up for Pakistan as a local company has started exporting its three-wheeler rickshaws...

Dubai Islamic Bank upgraded by JCR-VIS

Dubai Islamic Bank Pakistan Limited (DIBPL) entity ratings have been upgraded. Dubai Islamic Bank Pakistan Limited (DIBPL) entity ratings have been upgraded by JCR-VIS...