MBL signs MGPay to launch FTDP in merchant acquiring business on October 5, 2021Meezan Bank Limited and MYGLU (Pvt.) Limited have entered a strategic collaboration to enable Point of Sale (POS) payment services, branded as MGPay. MYGLU (Pvt) Limited is a wholly owned subsidiary of the United States based MYGLU LLC offering next generation business solutions via integrated information technology products and services. According to this recently signed […]
Gold gains 1.58pc w-o-w; likely to drop in near-term on October 4, 2021Despite snapping the three-week losing streak by gaining $10.80 (+0.62 percent) on a week-on-week basis to reach $1,762 per ounce, gold’s short- and medium-term outlook seems to be bearish. Overall, the gold price has shed around 4.4 percent during the last four weeks and there is a clear bearish shift in its outlook. Meanwhile, the […]
Track and trace system to ensure transparency in national tax system: Tarin on October 3, 2021Federal Minister for Finance and Revenue, Shaukat Tarin on Friday said that transparency in tax collection in retail and other economic sectors will be ensured by introducing a track and trace system in the national tax system. The government is trying to increase the country’s revenue under the track and trace system and the industrial […]
Bitcoin crosses $48,000 mark as cryptos consolidate gains on October 3, 2021The bullish trend in the cryptocurrency market continued for the third day in a row on Saturday, with the market capitalisation gaining 3.4 percent to reach $2.2 trillion as of 1400 hours GMT. The price of bitcoin (BTC), the largest cryptocurrency, gained 1.54 percent to reach $48,033. With this increase in price, the market capitalisation […]
Senate finalises new trade policy for 2022-25 on October 2, 2021Adviser to the Prime Minister on Parliamentary Affairs Dr Babar Awan on Friday informed the Senate that the new trade policy 2022-2025 was being finalized aimed at addressing all impediments and challenges particularly due to COVID-19 pandemic that has hampered country’s export growth. Responding to various supplementary questions during question hour, the adviser said that […]
Gold inches up to Rs95,500 per 10gm on October 1, 2021Gold price managed to regain some overnight losses on Thursday and gained around 0.80 percent. At 1300 hours GMT, gold in the international market was available at $1,739.20 per ounce after gaining $12.10. Meanwhile, the price of 10 grams of yellow metal in Pakistan increased to Rs95,500 after gaining Rs100. The closing prices of the […]
Pak-China experts to build a better digital payment system on September 29, 2021The Pakistan government is focusing on the development of e-commerce. China is leading the world in the field of e-commerce. Last year, its e-commerce transaction was $2 trillion, which is more than the added-up figure of e-commerce trades done in the US and Europe,” said Pakistan Ambassador to China, Moin ul Haque. “We would like […]
Brent, Arab Light, Sokol stay above $79 a barrel on September 29, 2021Crude prices extended gains on the sixth day in a row on Tuesday, rallying to their highest levels in three years as energy demand runs ahead of supply amid post-pandemic recovery of the global economy. At 1405 hours GMT, Brent, the international benchmark for two-thirds of the world’s oil, gained $0.06 (+0.08 percent) to reach […]
Brent crosses $79 as crude prices rally to three-year high on September 28, 2021Crude prices extended gains on the fifth day in a row on Monday, rallying to their highest levels since October 2018 as global refineries fail to keep up with fuel demand that is projected to reach pre-pandemic levels by early next year. At 1105 hours GMT, Brent, the international benchmark for two-thirds of the world’s […]
Pakistan offers 100 scholarships to Afghan students, Rs100m relief goods to Afghanistan: SAARC chief on September 27, 2021President SAARC Chamber of Commerce and Industry Iftikhar Ali Malik on Sunday disclosed that Pakistan has offered 100 scholarships to Afghan students besides sending Rs100 million relief goods to Afghanistan. Talking to a delegation of donors and philanthropists led by Mian Muhammad Saeed Deraywalay, President Anjuman-I-Arain Pakistan, he said that valiant people of Afghanistan were […]