BUSINESS

Govt increases rate of return on these national saving schemes!

It must be mentioned, interest rates will be maintained on Special Savings Certificates, Special Savings Account, Bahbood Savings Certificates, Pensioners Benefit Account, Shuhada Family Welfare Account, Savings Account, Short Term Savings Certificates (three months), and Short-Term Savings Certificates (12 months duration).

News Desk - 17 June 2021

SBP allows banks to charge fee on interbank fund transfers

The central bank has allowed banks to provide free-of-cost digital fund transfer services to individual customers up to a minimum aggregate sending limit of Rs. 25,000 per month per...

News Desk - 17 June 2021

‘Smart Village Project’ launched in all provinces

The Ministry of Information Technology and Telecommunications (MOIT&T), through Universal Service Fund (USF), have initiated “Smart Village” project in four provinces, Islamabad and Gilgit-Baltistan. The aim of this initiative...

News Desk - 17 June 2021

Engro Corporation and DuPont Sustainable Solutions join hands to manage risk across group companies

DuPont Sustainable Solutions (DSS) and Engro Corporation Limited have finalized a partnership agreement to introduce a risk-based framework, programme that will allow for consistent, sustained management of risk exposure across all group companies.

News Desk - 16 June 2021

You can now book your Honda with HBL

Pakistan's largest commercial bank HBL has now enabled its customers to pay for their Honda cars directly using HBL Mobile! Being the first commercial bank to be established in...

News Desk - 16 June 2021

Pakistan’s Auto sector sees a 250pc uptick in car sales YoY

Cumulatively, during the current 11MFY21, the vehicle sales amounted to 217,217 units, registering an increase of 62 percent YoY. It must be mentioned here that this number is higher than the number of vehicles sold in the pre-pandemic era.

News Desk - 16 June 2021

Pakistan makes progress on 26 points out of the 27-point FATF Action Plan

According to a local media outlet, sources in the Ministry of Finance have revealed that Pakistan's progress was reviewed at a virtual meeting of the ICRG by international observers...

News Desk - 16 June 2021

Summary of Sindh’s budget for the upcoming fiscal year 2021-22

The CM Sindh said, referring to the ongoing pandemic, "It hurt us in many ways. I bow my head in respect to every citizen, for the endurance shown in facing what was an undeniably a tough year for all our physical and mental well-being.”

News Desk - 16 June 2021

UAE’s 100% foreign ownership law to boost economic ties with Pakistan

Addressing the audience at the event organized by the Pakistan Business Council titled ‘Business Opportunities: Bilateral Trade Between the UAE and Pakistan’, Dr. Thani bin Ahmed Al Zeyoudi, UAE...

News Desk - 16 June 2021

FWO to be awarded Sialkot-Kharian Motorway contract

The NHA had received three bids from construction firms to construct Sialkot-Kharian Motorway on Public Private Partnership mode. The bids were submitted as a joint venture of Frontier Works...

News Desk - 15 June 2021

Pakistan becomes the leader of manpower export in 2020 in the region

The recent Economic Survey launched on 10th June 2021 for the outgoing Fiscal Year 2020-21 mentioned that Pakistan is one of the largest labor exporting countries in the region. The document correctly read that overseas migrant workers are the most valuable asset of Pakistan.

News Desk - 15 June 2021

BOI launches online portal to facilitate investors

The three platforms — Pakistan Regulatory Modernization Initiative Strategy (PRMI), Special Economic Zone Management System (SEZMIS) and Investor Relationship Management System (IRMS) — were launched by World Bank Country...

News Desk - 15 June 2021

UAE airline ‘Etihad Airways’ extends ban on Pakistani travelers

The website for UAE airline Etihad Airways displays a message, informing passengers about the aforementioned date when searched for flights to the UAE from Islamabad, Karachi and Lahore. The website...

News Desk - 15 June 2021

Pakistan outperforms India in manpower exports

Pakistan Economic Survey 2020-21 revealed that Pakistan’s exports of skilled manpower had reached 224,705 against India and Bangladesh who could only manage to export 94,145 and 217,699 workers respectively. But...

News Desk - 14 June 2021

IPR deconstructs FY21; says celebration for 4pc GDP may be premature

The Institute for Policy Reforms said, "Going beyond growth, not all signs are sanguine. The economy must address some fundamental issues, without which this revival will be short-lived. They include unsustainable debt levels with debt servicing needs that strain both the fiscal and the current accounts."

News Desk - 14 June 2021

The promise of nutrition broken in budget 2021-22 as dairy industry taxed

The budget presented to the parliament on 11th June has negative implications for the dairy sector and would suck out around Rs5 billion from the industry by raising the sales tax in the industry to 17 per cent from 10 per cent. This would impact the poor people who will bear the tax burden.

News Desk - 12 June 2021

PIA cuts operating losses to 680 million via reforms, economy survey

According to the economic Survey thus, in CY2020, the route for the national air carrier increased by 99.8 percent to 778,609 KMs from 389,725 KMs in the calendar year 2019. All these achievements and further reforms by the government’s decision in the recent FY2021-22 budget to financially support Pakistan’s flag carrier

News Desk - 12 June 2021

Here is a summary of Pakistan’s budget for fiscal Year 2021-22

Imran Khan's government is due to present its third budget of value Rs8 trillion for the upcoming Fiscal Year 2021-22 and here are the updates as they come.

News Desk - 11 June 2021