Deposits increased- so are the earnings of banks!
The bank deposits grew by a notable 17 percent over the past one year to Rs.22.1 trillion in July as compared to Rs.18.8 trillion...
Govt removes ban on imports but with conditions
In a press conference today, Federal Minister for Finance and Revenue Miftah Ismail announced that the government has decide to lift the ban on imports...
United Motors reduces car prices after the US dollar depreciates
United Motors has decreased its car prices after several automakers including IMC, PSMC, and HACL have announced price cuts as a result of rupee appreciation.
New tax will cause unemployment!
In order to provide relief of billions of rupees to the traders, bankers, brokers and real estate players, it is likely that the government...
Honda HR-V is ready to pitch in the local auto market
HACL is about to launch its new HR-V Vezel with its distinguished features and an exquisite exterior in the local market towards the end of this year.
IMF Board meeting date is out!
Much awaited Executive Board meeting of the International Monetary Fund (IMF) for the combined seventh and eighth review under the Extended Fund Facility (EFF)...
The puzzling decrease in remittances
In the first month (July) of new financial year, remittances sent by overseas Pakistanis decreased to a five-month low at $2.52 billion. Although, inflow...
Tax relief expected for the real estate sector!
Withdrawal of the fixed tax for retailers and shopkeepers imposed through electricity bills for a year was welcomed by the Sarhad Chamber of Commerce...
Intra-day update: rupee changes track against the greenback
Since July 28, Rupee has begun to depreciate against the US dollar for the first time, falling by Rs1.01 in the inter-bank market on...
SBP hinders the expansion of a major manufacturing company
Pakistan's textile industry is highly significant for the economy, accounting for 60% of the country's exports. To survive in today's highly competitive global environment,...
Pak Suzuki motors cut its car prices by almost 200,000
Following a decline in the US Dollar exchange rate (USD) compared to June 29, Pak Suzuki Motors Company has just announced price cuts up to 200,000.
Govt to offer 51% shares in PIA and Roosevelt to Qatar
The government dropped its plan to sell two LNG-fired power plants to Qatar. As an alternative, it decided to offer 51% shares in the...