Business

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...

The fourth and last day of the Capital Development Authority's (CDA) plot sale will take place today.The city authorities sold seven additional plots yesterday, bringing the total number of plots sold to 15. In its first three days, the...

The potential of a long-term agreement to import up to 1 million metric tonnes of Russian oil annually is being considered, according to acting Energy Minister Mohammad Ali, according to the TASS news agency.In response to Moscow's shipments being...

An orderly process of cargo loading and unloading is taking place at the Gwadar deepwater port in southwest Pakistan, accompanied by the breeze from the Arabian Sea and the sound of sirens. On the Eastbay Motorway that connects to...

According to the Pakistan-Afghanistan Transit Trade Agreement, the Pakistani government has announced a new list of goods that Afghanistan is not permitted to import through Pakistani seaports or border ports.Tyres, black tea, nuts and dry fruits, textiles, cosmetics, hoover...

In Saudi Arabia, Nestlé is advertising job openings with salaries of up to 8,000 Saudi riyals.Throughout Saudi Arabia, Nestlé, a pioneer in the food and beverage sector, has advertised exciting employment openings with competitive pay of up to 8,000...

The Coca-Cola Company has increased the variety of flavours offered in FantaTM by adding Fanta Red Apple to its extensive beverage lineup in Pakistan.Fanta is proud to announce the release of their new apple-flavoured limited-edition pack. Fanta is a...

In September 2023, Pakistan's textile exports decreased by 12 percent year over year (YoY), falling to $1.35 billion from the $1.53 billion reported in the same month of the previous fiscal year.All Pakistan Textile Mills Association (APTMA) statistics show...

With the introduction of its cutting-edge Point of Sale (POS) payment systems and online payment gateway services, the Bank of Punjab (BOP), one of the top commercial banks in the country, has started a trailblazing path. Out of the...

ABL reported that Allied Bank Limited's (ABL) Board of Directors has approved the establishment of an exchange company with a Rs. 1 billion initial paid-up capital through a circular decision in a notice to the Pakistan Stock Exchange (PSX).The...

On Wednesday, the Small and Medium Enterprises (SME) Bank informed the Senate Standing Committee on Finance that it would soon be shut down entirely.SME Bank President Tahir Qureshi provided the committee with a thorough explanation of the bank's closure....

The top manufacturer of home appliances in Pakistan, Dawlance, uses the environmentally friendly refrigerant gas R 32 in all of its products to cut down on emissions and prevent the deterioration of the ozone layer, a thin layer of...

The Asian Development Bank (ADB) forecasts a modest recovery in Pakistan's gross domestic product (GDP) growth to 1.9 percent in fiscal year 2024 (1 July 2023 to 30 June 2024) from 0.3 percent in FY2023, with price pressures remaining...

With the Kashf Foundation, Standard Chartered Bank has a distribution agreement. Standard Chartered will make Kashf Gender Bonds available to the bank's non-individual business banking clients through this arrangement.An important step towards the government's agenda of economic empowerment and...

One more business has received a long-distance international (LDI) licence from the Pakistan Telecommunication Authority (PTA).An LDI licence has been granted by the Authority to Dynasty Telcom (Private) Ltd., a local business.The PTA reports that Dynasty Telcom was granted...