News Desk

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PSX

Global Footprint: BOP to establish Wholesale Banking Unit in Bahrain and Representative Office in UAE”

The Board of Directors of the Bank of Punjab (BOP) has approved the business plan to establish a Wholesale Banking Unit in the Kingdom...

MARI’s subsidiary secure mineral exploration licenses in the Chagai district of Balochistan.

The Directorate General Mines & Minerals Balochistan has granted two Exploration Licenses EL-322 and EL-323, and allotted area of 501.03 sq. km and 512.76...

Government Greenlights Tax-Heavy Budget Ahead of Crucial IMF Loan Talks

Pakistan’s parliament on Friday passed the government’s tax-heavy finance bill for the coming fiscal year ahead of more talks on a new bailout with...

KSE 100 Skyrockets to Historic 78k Milestone!

The Pakistan Stock Exchange (PSX) experienced a buying frenzy as the benchmark KSE-100 index surged by over 1,500 points during the opening hours of...
Economy
News Desk

Pakistan economy: State Bank of Pakistan to continue with monetary tightening

Although there is a strict prohibition against charging interest, a significant number of Islamic banks still rely on interest-based benchmarks like Karachi Interbank Offered...
News Desk

SBP has raised the Interest rate by 100BPS to 17%

The Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP) in its meeting has decided to raise the policy rate by 100 basis...
News Desk

ECP has appointed Syed Mohsin Raza Naqvi as Caretaker Chief Minister...

The Election Commission of Pakistan (ECP) appointed Syed Mohsin Raza Naqvi as interim chief executive for Punjab. The development came during a meeting held with...
News Desk

Avanceon has secured contract for one of the largest Oil &...

Avanceon has secured a multi-million-dollar contract to ensure seamless communication and asset monitoring for one of the largest Oil & Gas companies in the...
News Desk

CM Parvez Elahi ‘signs’ the summary for Punjab Assembly’s dissolution

Punjab Chief Minister Parvez Elahi signed the summary for the dissolution of the provincial assembly, Pakistan Tehreek-e-Insaf (PTI) Senior Vice President Fawad Chaudhry announced...
News Desk

CPI Inflation increased to 24.5% in December

Pakistan CPI inflation has increased to 24.5% on year-on-year basis in Dec 2022 as compared to an increase of 23.8% in the previous month...