In October 2023, auto finance fell for the sixteenth consecutive month, with the total amount of auto loans reducing by 3% on a monthly basis to Rs. 264 billion from Rs. 272 billion in September.Auto finance may have peaked...
The Cabinet's Economic Coordination Committee (ECC) postponed its decision on Thursday to raise the maximum retail prices (MRPs) of 262 medications.Dr. Shamshad Akhtar, the federal minister of finance, chaired a meeting of the Cabinet's Economic Coordination Committee (ECC).The ECC...
Pakistan has inked a Letter of Intent (LOI) with the international conglomerate Al-Bawani Holdings, located in Saudi Arabia, with the aim of improving job prospects for Pakistani labourers in the Kingdom of Saudi Arabia (KSA).Jawad Sohrab Malik, Special Assistant...
The banks have been allowed until November 30, 2023, by the Federal Board of Revenue (FBR) to pay an extra 40% tax on windfall income, profits, and gains that arise during the 2021 and 2022 calendar years.The Federal Government...
The financial year (FY) that concluded on June 30, 2022, had a combined loss after taxes of Rs. 11.41 billion for Sui Southern Gas Company Limited (SSGC).The government-owned company's financial reports show that losses followed a Rs. 2.26 billion...
Despite continuing talks to renegotiate his return on Sunday, Sam Altman, a pivotal participant in the artificial intelligence revolution, will not be taking over as CEO of OpenAI. One of the most heated boardroom confrontations in Silicon Valley just...
MCB Islamic Bank is dedicated to improving your dining experience and is providing amazing savings of up to 40%. By using the MCB Islamic Debit Card package, you may benefit from these savings.With these amazing savings, every occasion—whether you're...
An agreement between Pakistan and the International Monetary Fund (IMF) over the first review of the $3 billion loan program almost certain. Kristalina Georgieva, the IMF's managing director, stated on Wednesday.The head of the IMF commended the Pakistani government...
Recent rumours on social media suggested that real estate mogul Malik Riaz was about to declare bankruptcy.The Supreme Court's 2019 fine of Rs. 460 billion on Malik Riaz's Bahria Town was the impetus for the bankruptcy rumours.The reports further...
The most anticipated shopping event in Pakistan is quickly approaching! From November 11 to November 21, Daraz's 11.11 Sale—which is known as the largest sale of the year—will reveal the finest bargains. A countrywide event, the eleven-day sales marathon...
Pakistanis may now apply for business and travel visas online through Türkiye, eliminating the need to visit Turkish embassies.This service, which is ready to help travellers, grants a one-month single entry e-Visa to ordinary passport holders who have valid...
A deal has been inked by Shell Petroleum Company Limited to sell Wafi Energy LLC, a Saudi company, its 77.42% majority shares in Shell Pakistan Limited (SPL).According to a statement from Shell, the sale was initially revealed on Capital...
Despite the anticipated price reduction due to the rupee's rise, the interim administration has maintained the same level of fuel prices.The Kakar-led administration agreed on Tuesday to maintain the same gas prices as of late October while modestly lowering...
The massive loss to the already losing government organization is attributed to the current administration of the national flag carrier, according to Safdar Anjum, Secretary General of Pakistan International Airlines Senior Staff Association.Because of the fuel problem, which resulted...
Meezan Bank is happy to present a remarkable opportunity to Muslims who wish to go to Mecca for the Umrah in November 2023, in collaboration with Labbaik Go Assan. The exclusive group Umrah program guarantees a smooth and enlightening...
Due to fuel shortages, Pakistan International Airlines has canceled more than 500 flights in the last 11 days, putting the airline in danger of going out of business.According to sources, the finance ministry has "directed" commercial banks to provide...
With a Rs. 1 billion authorized capital, Askari Bank Limited (PSX: AKBL) plans to create an exchange company, the bank said to the Pakistan Stock Exchange on Friday.The notification further said that the establishment of the firm is contingent...
With an increase in assets to more than Rs. 6 trillion, the National Bank of Pakistan became the second bank in the nation's banking sector to reach this milestone, following Habib Bank Limited.By the end of 2022, the bank's...
For breaking the norms and regulations, the State Bank of Pakistan (SBP) fined Allied Bank Limited and three other parties severely.According to a statement from the Banking Supervision Department of the central bank, all four banks have been hit...
Caretaker Prime Minister Anwaarul Haq Kakar met with Chinese President Xi Jinping on Thursday and reiterated the enduring commitment and trust between Pakistan and China, referring to their alliance as one created in "heaven."Leaders and delegates from almost 140...
