PTCL collaborates with Daraz
Through partnerships like these, PTCL aims to lead Pakistan into the digital era by engaging with its massive customer base nationwide, enabling customers to experience fast, secure & convenient services and strengthen the economic infrastructure of the country.? Speaking on this partnership, Ehsan Saya, Managing Director, Daraz Pakistan, said, ?In today?s digital age, Daraz has emerged as the most popular ...
Bank of Punjab announces financial results for Q1 BOP posts before tax profit Rs3.57 billion
Staff Reporter Lahore A meeting of the Board of Directors of The Bank of Punjab was held here to consider and approve the un-audited Financial Statements for the 1st quarter of year ended March 31, 2019. During 1st quarter of the year 2019, the Bank posted before tax profit of Rs. Similarly, the Earnings per Share (EPS) for the ...
G20 countries eye tax policy for internet giants
Tokyo G20 countries are planning a new tax policy for digital giants like Google, based on the business a company does in a country, not where it is headquartered, the Nikkei business daily said Thursday. The policy, targeting firms like Google, Apple, Facebook and Amazon, would ?allocate revenue to countries that provide large user bases for the world?s digital corporate ...
First Women Bank, Golootlo sign agreement
Staff Reporter Karachi The First Women Bank Limited and Decagon Pakistan (Private) Limited, the owner of Golootlo, signed an agreement in here on Thursday which will enable FWBL customers to avail discounts through Golootlo App.
UN report finds creative China is booming, supporting Asian trade
UNCTAD said that China?s trade in creative goods between 2002 and 2015 grew exponentially, at an annual rate of 14 percent. There was a drop off in 2015 when China recorded a 168.5-billion-U.S.-dollar trade in creative goods, but comparatively the country has maintained the lion?s share of the trade in creative goods.
Realme unveils 2 new products
Staff Reporter Lahore Realme powered by Oppo, the fastest growing smartphone brand in Pakistan, launched the Realme 3pro, the brand?s latest flagship, in the provincial capital on Thursday. Announcing the launch, He Shunzhi, Marketing Head of Realme Pakistan, said, ?With the launch of realme 3 Pro and realme C2, customers can enjoy the benefits of Power and Style in different ...
SECP embarks on digital transformation, launches LEAP
Staff Reporter Islamabad The Chairman, Securities and Exchange Commission of Pakistan (SECP), Farrukh Sabzwari, has said that SECP is embarking on digital transformation, end-to-end process automation and enabling user environment for all its regulatees. The Chairman said that the Securities and Exchange Commission of Pakistan encourages greater collaboration with regulatees by involving them in decision-making, policy setting, budget ...
Pakistan heading towards right economic direction: Dawood
Staff Reporter Islamabad Adviser on Commerce, Textile, Industry, Production and Investment Abdul Razak Dawood has said Pakistan is heading towards the right economic direction and its export level is also increasing. Addressing a news conference along with Special Assistant on Information and Broadcasting Firdous Ashiq Awan in Islamabad on Thursday, he said the government is taking further measures with regard to ...
Further hike of 55 paisa/unit in power tariff not acceptable: ICCI
Staff Reporter Islamabad The Islamabad Chamber of Commerce & Industry (ICCI) has strongly rejected the 55 paisa per unit hike in power tariff allowed by NEPRA to all power distribution companies on account of fuel adjustment charges for April 2019 and termed it an unfavorable decision for the economy as it would further enhance the cost of doing business, increase ...
PM to inaugurate Allama Iqbal Industrial City in Oct
Staff Reporter Lahore Prime Minister Imran Khan will inaugurate a state-of-the-art Allama Iqbal Industrial City fully equipped with modern infrastructure during the first week of upcoming October to house foreign and local investors besides giving impetus to economic activities in the country. Highlighting the development projects of FIEDMC, Mian Kashif said about 12 million dollars foreign ...
Mobile phone import dips 6.86pc in 10 months: PBS
Pakistan imported mobile phones worth $631.997 million during July-April (2018-19) compared to the imports of $678.575 million during July-April (2017-18), showing negative growth of 6.86 percent, according to the latest data of PBS. Meanwhile, on month-on-month basis, the imports of mobile phones also witnessed negative growth of 5.36 percent during April 2019, when compared to the imports of $79.049 ...
Easypaisa joins hands with Haidri Beverages, Northern Bottling
Sharing his thoughts on the development, Aslam Hayat, Acting CEO, Telenor Microfinance Bank said, ?We are glad to extend Easypaisa?s Retailer Commissions Disbursement Solution to support Haidri Beverages and Northern Bottlers.
Mohmand Dam to be completed before 2024
Islamabad The construction of delayed-for-decade Mohmand Dam will be completed before flood season of 2024. Sources told that the estimated cost of the project is Rs291 billion and Water and Power Development Authority would provide 67 per cent financing while remaining 37 per cent would provide by the government. The local people had already transferred land for the project and it ...
Rs581.9b released for development projects under PSDP
Under PSDP 2018-19, the government released Rs 26.270 billion for the various projects of Pakistan Atomic Energy Commission, whereas the Water Resource division received Rs 56.7 billion out of total allocation of Rs 78.09 billion. Similarly, an amount of Rs 338 million released for Petroleum Division out of its allocations of Rs 463 million, Rs 4.1 billion for Planning, ...
PET-CT scanner now operational at PKLI
Staff Reporter Lahore Moving ahead with its mission of serving the ailing humanity, Pakistan Kidney and Liver Institute and Research Center (PKLI) successfully operationalized Positron emission tomography?computed tomography (PET-CT) scanner. PKLI management is confident that the availability of PET-CT scanner at the hospital will help in speeding up diagnosis and treatment of diseases, contributing hugely in lowering the burden of ...
FBR Assured Of Full Cooperation By Commercial Banks
During a meeting at FBR Headquarters, they also welcomed appointment of Zaidi as FBR Chairman, said a press statement issued by the board. The participants of commercial banks included Chief Financial Officers of Allied Bank, United Bank, Habib Bank and others. One the occasion, the Chairman FBR thanked the Chief Financial Officers, the statement added.
ADB, MIGA Sign Agreement To Boost Development Investments In Asia, Pacific - Statement
It is an important force multiplier of multilateral development financing that will help the region manage challenges to its inclusive and sustainable growth," ADB Vice-President for Private Sector Operations and Public-Private Partnerships Diwakar Gupta said, as quoted in the statement. The World Bank Group, which consists of five institutions, namely, the IBRD, IFC, the International Development Association (IDA), the ...
Pakistan's exports increased in quantitative term: Dawood
ISLAMABAD, May 30 (APP):Pakistan?s garments, knitwear, cement, food, footwear exports increased in term of quantity, however due to global decline in prices, the exports in dollar term could not go up and remained stagnant at the previous year?s level. He said: ?There is a big recession in global exports which are decreased by 3 percent compared to the previous ...
European And US Stock Markets Recover 30 May 2019
- Key figures around 1530 GMT - London - FTSE 100: UP 0.5 percent at 7,218.16 points (close) Frankfurt - DAX 30: UP 0.5 percent at 11,902.08 (close) Paris - CAC 40: UP 0.5 percent at 5,248.91 (close) EURO STOXX 50: UP 0.6 percent at 3,317.17 New York - Dow: UP 0.08 percent at 25,147.65 Tokyo - Nikkei 225: DOWN 0.3 percent at 20,942.53 (close) Hong Kong ...
Pak Forex Figures $15.08910 Bn: State Bank Of Pakistan
During the week ending May 24, SBP's reserves decreased by $47 million to $8,010.2 million, due to external debt servicing and other official payments.
