KARACHI, July 12, 2020: Some Rs 1.68 billion penalty has been imposed by the central bank on 15 bank for on deficiencies in regulatory compliance and does not constitute a comment on the financial Soundness Of the entity. These fines were imposed on United Bank Ltd, JS Bank Ltd, Meezan Bank Ltd, Faysal Bank Ltd,…
Karachi: Jamaat-e-Islami (JI) on Saturday staged sit-in on Shahrah-e-Faisal near Nursery against Karachi Electric (K-E)’s unscheduled long hours load shedding, issuance of inflated bills and proposed raise in power tariff. The JI leaders in their address to protestors were of the view that K-E has become an ally to rulers in central and Sindh in…
KARACHI, July 12, 2020: The KSE100 index of Pakistan Stock Exchange (PSX) continued previous week’s gains, closing this week 3.2 percent WoW up at 36,190 levels. Decline in active COVID-19 cases and materialization of inflows from International Financial Institutions in the country kept investor sentiments upbeat, which also reflected in improving participation. According to JS,…