Business

MSCI to Downgrade PSX to Frontier Markets

Four years after elevating it to an Emerging Market, investment advice body returns Pakistan Stock…

Introducing Muditha Premarathne

Daraz Pakistan’s new CCO debuts her first mega sale for the e-commerce giant

Imran Khan Thanks Overseas Pakistanis for ‘Record-Breaking’ Remittances

According to the State Bank of Pakistan, overseas Pakistanis remitted $2.436 billion in December 2020…

State Bank of Pakistan Maintains Interest Rate at 7%

Monetary Policy Committee claims strengthening of economic recovery, especially in large scale manufacturing and current…

Pakistan Bans Online Payments to India

Directive specifically targets Zee5, a platform that has gained in popularity after broadcasting Pakistani serial…

Proactive Change in a Changing World

Facing the fluctuations of the world economy during the COVID-19 pandemic, Chairman of the Board…

British Airways to Launch Direct Lahore-London Flights

British High Commission says flights will start from Oct. 14 and will be operational four…

Samsung ‘Considering’ Setting Up Smartphone Assembly Plant in Pakistan

Industries minister Hammad Azhar says South Korean firm has appreciated government’s policies to encourage local…

Boost in Remittances During Pandemic: State Bank of Pakistan

Central bank says overseas Pakistanis sent $23.12 billion home in fiscal year 2019-20

OGRA Fines Oil Marketing Companies for ‘Hoarding’

Byco, Askar and BE Energy fined Rs. 5 million each for creating ‘artificial fuel shortage’

State Bank of Pakistan Cuts Interest Rate to 7%

Benchmark rate slashed fourth time in four months to help economy recover from impact of…

Pakistan Did Not Witness ‘Highest Inflation in World,’ Clarifies SBP

Central bank says inflation rates were higher in Argentina, Iran, Nigeria and Turkey

State Bank of Pakistan Cuts Interest Rate to 8%

Benchmark rate slashed third time in three months to help economy recover from impact of…

Pakistan’s Ferozsons Secures Gilead License to Produce Remdesivir

Under non-exclusive licensing agreement, Ferozsons will be allowed to set its own prices for generic…

State Bank Enhances Refinance Limits to Help Middle, Large Businesses

Central bank to finance up to 100% of salaries of businesses with average 3-month wage…

SBP Launches ‘Risk-Sharing’ to Support Bank Loans to Small Businesses

Federal government allocates Rs. 30 billion for banks, spread over 4 years, to share any…

Fuel Prices Slashed in Pakistan in Line With Global Trends

Petrol to now cost Rs. 81.58/liter; high-speed diesel Rs. 80.10/liter; light-diesel Rs. 47.51/liter; and kerosene…

EMPG, OLX Group Merge MENA, South Asia Operations

Following the transaction, EMPG becomes a ‘unicorn,’ valued at $1 billion

FBR Revises 2019-20 Collection Target Down to Rs. 3,908bn

Prior to COVID-19 pandemic, the FBR had aimed to collect Rs. 5,238 billion in revenue

EMPG Acquires Thailand’s Largest Online Marketplace

Parent company of Pakistan property portal Zameen.com expands operations with acquisition of Kaidee