Karachi, October 02, 2020: To enlarge the scope of Shariah compliant financial services in the country, State Bank of Pakistan (SBP) has taken another important step by issuing guidelines for Development Finance Institutions (DFIs) to undertake Shariah compliant businesses and operations. Further, keeping in view the various developments, such as changes in the licensing and…
Karachi, October 02, 2020: Market saw continuation of selling pressure for a host of reasons from political uncertainty to spread of Corona cases (with the latest affectee being President Trump himself). The index lost a total of 771 points during the session and closed the session -606 points. International crude oil prices dropped significantly, especially…
Karachi, October 01, 2020: Today the benchmark KSE-100 index made a high and a low of +164 & -458 points respectively before closing at 40,677 levels, up 0.26 percent. Market remained lackluster in the early hours of the trading session but valued buying was seen at the bottom which pushed the market in the positive…
Karachi, October 01, 2020: The Federation of Pakistan Chambers of Commerce & Industry (FPCCI) during its 8th FPCCI Achievement Awards – 2020 has bestowed two achievement awards to National Bank of Pakistan (NBP) for its outstanding services in the categories of ‘Contribution to National Economy (Corporate & Investment Banking)’ and ‘Best Corporate & Investment Banking…
Karachi, October 01, 2020: K-Electric, the sole electricity provider to the city of Karachi and its adjoining areas was the target of a ransomware incident in the first week of September. The power utility would like to state that all critical customer support functions and services such as bill payment solutions and the 118 call…