‘LAHORE – The Heart of Pakistan’ projects Lahore beauty in UK on October 9, 2021LONDON: The city of Lahore has been projected globally in London as a private real estate company has launched its campaign in several parts of London to showcase the rich heritage of Lahore on 150 of London’s iconic red buses to promote ‘LAHORE – The Heart of Pakistan’. On some of the busiest routes of […]
KSE-100 loses 284 points on September 17, 2021The KSE-100 fell about 300 points at the PSX on Friday after a second-session decline, completing the week in negative territory because of a worsening current account deficit, which totaled nearly $1.5 billion in August 2021. The benchmark KSE-100 traded lower after climbing to 47,000 in the first session, losing all of its gains to […]
Punjab boxing retain Abid Hussain as president on September 12, 2021LAHORE: The Punjab Boxing Association general body retained Abid Hussain, commonly known as Abid Boxer as its president. However, they elected Rao Zahid Qayyum as its new chairman. The general body of the Punjab Boxing Association yesterday elected its new office-bearers for the next term of four years here. The meeting was chaired by Abid […]
FPCCI chief terms SBP’s SAAF grossly insufficient, self-contradictory on September 5, 2021KARACHI: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) president Mian Nasser Hyatt Maggo expressed his dissatisfaction over the exorbitant interest rate of up to 9% allowed to commercial banks under SBP’s SME Asaan Finance Scheme (SAAF). He added that SBP will provide refinancing to the commercial banks at 1% and they will […]
Devaluation drags Pak rupee to bottom of currencies on September 5, 2021Due to a surge in demand for the US dollar to pay for imports, the Pakistani rupee has become Asia’s worst-performing currency, compared to its standing as the world’s top performer six months ago. It hit a 13-month low of Rs166.98 against the US dollar in the interbank market. The collapse of the Pak rupee […]
All is well in Karachi after heavy rains on September 4, 2021This is perhaps the only occasion in the last decade when people of Karachi witnessed that there has been heavy rain for almost the whole day, and not only most of the city’s roadways have not been flooded, but no power disruptions have been reported in the port city during heavy downpour. The power cut […]
Heavy rain hits Karachi on September 3, 2021On Friday morning, the heat-stricken citizens of Karachi breathed a sigh of relief as different areas of the city like Saddar, Sharea Faisal, Gulshan-e-Iqbal, Gulistan-e-Jauhar, University Road, Malir, Landhi, Sakhi Hassan, I. I. Chandragar Road, and other areas received moderate to heavy rains. Although the residents of Karachi are well aware of the disaster management […]
State Bank of Pakistan allows banks, DFIs to provide loans on September 3, 2021In order to promote housing finance and provide maximum facilities to the customers, the State Bank of Pakistan (SBP) has issued guidelines for banks and development finance institutions (DFIs) and allowed them to provide loans for purchasing a housing unit in under-construction projects, a statement issued from the central bank said. The statement says that […]
FBR addresses Rs250bn worth claim funds this year on June 6, 2021FAISALABAD: Despite some minor system-related discrepancies, the FBR has paid unprecedented refund claims to the tune of Rs. 250 billion during this year, said Dr. Muhammad Ashfaq Ahmad, Member Inland Revenue (Operations). Addressing the business community in Faisalabad Chamber of Commerce & Industry (FCCI) along with Faiz Ullah Kamoka, chairman of the National Assembly Standing […]
Farmers, PPP workers protest water shortage in Sindh on June 6, 2021BADIN: A large number of the PPP workers and farmers from different areas of Badin district on Saturday gathered in Badin town where they staged the demonstration outside Badin Press Club after marching on different roads to register their protest against the nagging water crisis in the district. MPA Taj Mohammad Mallah, MPA Dada Mohammad […]