The Small and Medium Enterprises (SMEs) making a business turnover of Rs. 50 million have been exempted from the levy of marking fee, as the government has decided to facilitate the SMEs and the manufacturers of compulsory products to give them relief …
Category: Market
NEPRA Hosts Seminar on Cyber Security
The National Electric Power Regulatory Authority (NEPRA), in line with its monumental initiative called ‘Power with Security,’ hosted an in-house seminar on Cyber Security today at NEPRA Tower.The main objective was to create awareness about power asse…
Bestway Cement To Set Up a Brownfield Plant in KPK as Construction Industry Thrives
Unfolding a major investment plan, Bestway Cement Limited has announced to expand its operations with a new brownfield cement plant in district Haripur, Khyber Pakhtunkhwa.According to stock filing, the company has planned to set up a brownfield cement…
Askari Bank’s Profits Dip by 16% in First 9 Months of 2021
Askari Bank Limited has given shocking financial results as its profit dipped by 16% during the nine months of the calendar year 2021.According to the financial results, the profit of Askari Bank declined to Rs. 6.7 billion during January to September …
FATF Announces Its Decision on Pakistan’s Grey List Status
In its recently held hybrid Plenary meeting, the Financial Action Task Force (FATF) has decided to keep Pakistan on the grey list. Pakistan will remain on the grey list till it addresses both items on the original action plan.The Financial Action Task …
Rupee Creates History Dropping to A New Low Against the US Dollar Again
The Pakistani Rupee (PKR) slid to a new record low against the US Dollar today. The rupee depreciated by 49 paisas against the dollar and closed at 173.96.The local currency hit its prior record low against the US Dollar (USD) yesterday when it closed …
Rupee Plunges to A New Record Low Against the US Dollar
The Pakistani Rupee crashed to a new all-time low against the US Dollar today. The Rupee depreciated by 69 paisas against the dollar and closed at 173.47.The local currency’s prior record low against the US Dollar (USD) was 172.78.Adviser to the Prime …
UBL Reports 9 Months Profit of Over Rs. 21 Billion
The United Bank Limited (UBL) has made a hefty profit of over Rs. 21 billion in the past nine months of 2021, making a year-on-year (YoY) growth of 42% in the first quarter of the Fiscal Year 2021-22.According to financial results, the bank’s profit af…
FBR Notifies Transfer of 6 Senior Customs Officers to Law Ministry
The Federal Board of Revenue (FBR) has relieved from duty six senior customs officers (BS-20 and 21) for joining the Customs Appellate Tribunal as members in Karachi, Islamabad, and Quetta.According to a notification issued by FBR on Wednesday, the Bo…