KPRA meets FY20 revenue target with 63pc growth rate
Provincial revenue authority collects Rs17bn in FY20 as compared to Rs10bn in FY19
Airlift moves into grocery delivery with a whopping $10mn in recent funding round
Company says it is committed to resuming bus service operations once pandemic abates
Shanghai Electric mulls acquiring 66.4pc stake in K-Electric
KARACHI: K-Electric (KE) has received a fresh Public Announcement of Intention (PAI) from Shanghai Electric to acquire 66.4 per cent voting shares...
SBP raises Rs16bn through T-bill auction
KARACHI: The State Bank of Pakistan (SBP) has reported that the government raised Rs16.1 billion through Pakistan Market Treasury Bills (T-bills), against...
Rupee depreciates 4.8pc in FY20
'Stability in current account deficit coupled with building up of forex reserves led towards normalized PKR depreciation in FY20, when compared with hefty depreciation of 24pc last year'
Customs duty on import of electric vehicles’ parts reduced to 1pc
FBR creates 11 new tariff lines for electric vehicles
Freelancers regain access to blocked funds as Payoneer cards restored
LAHORE: Users in Pakistan and abroad have regained access to funds on Payoneer Prepaid Mastercard cards on Tuesday after UK’s Financial Conduct...
Atlas Honda increases motorbike prices by up to Rs20,000
Atlas Honda has informed its dealers through a notification that it will be increasing prices of its motorbikes by up to Rs20,000...
Cabinet committee to deliberate privatisation of PIA’s Roosevelt Hotel
ISLAMABAD: The Cabinet Committee on Privatisation is expected to deliberate on the privatisation of Pakistan International Airlines (PIA) owned Roosevelt Hotel based...
SBP extends Rozgar Scheme until September
Risk Sharing Facility also extended until Sept 2020
PM Imran forms committee to probe petrol crisis
The committee will identify hoarding by oil marketing companies, including curtailment of supply from depots to retail outlets, as well as hoarding by petrol stations
FBR collects Rs50bn more than FY20 revenue target
Revenue board collects Rs3.95tr in FY20, as against the revised target of Rs3.90tr
SBP receives $1.3bn in loan from Chinese banks
KARACHI: The State Bank of Pakistan (SBP) on Tuesday announced that it has received $1.3 billion as loan disbursements from Chinese banks...
Organic Meat Company commences IPO registration, aims to raise Rs720m
KARACHI/LAHORE: The Organic Meat Company’s (TOMC) Initial Public Offering (IPO) of shares, which is set to be the first listing of the...
PSX closes FY20 on positive note; benchmark gains 240 points
--Despite Covid-related volatility, KSE-100 records an appreciation of 1.53pc in FY20
--Fertiliser, cement and pharma sectors remain top contributors to the index
KARACHI: The...