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The Biz Update

President emphasizes for bilateral cooperation with Tajikistan

ISLAMABAD, Apr 11, 2019:President Dr Arif Alvi Thursday emphasized the need for further enhancing the bilateral cooperation between Pakistan and Tajikistan in the fields of security and counter-terrorism and called for learning from each other’s experiences through training and sharing of best practices. In a meeting with Defence Minister of Tajikistan, Colonel-General Sherali Mirzo, who…

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Bread prices increases

The storm of inflation wrapped everything including bread. After lentils, sugar, rice and ghee oil now bread prices are also increased. Raw minerals, electricity, gas and as well as increase in transport fares is a license to increase the price of bread. One of the leading brands sent notification through their sales teams to increase…

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FCA fines Standard Chartered Bank £102.2 million

London, April 11, 2019: The Financial Conduct Authority (FCA) has fined Standard Chartered Bank (Standard Chartered) £102,163,200 for Anti-Money Laundering (AML) breaches in two higher risk areas of its business. This is the second largest financial penalty for AML controls failings ever imposed by the FCA. Today’s announcement follows FCA investigations into two areas of…

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BankIslami Pakistan signs MOU with NUST

Karachi, April 11, 2019: BankIslami Pakistan Limited, one of the leading Islamic Banks in the country, has signed a Memorandum of Understanding (MOU) with National University of Sciences & Technology (NUST), one of the leading universities of the country.  The MOU signing ceremony was held at the Head Office of BankIslami Pakistan Limited. BankIslami and NUST…

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FPCCI shows concern on Economic situation

Karachi, April 10, 2019: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) showing serious concern about the economic situation and alleged the federal government for not taking on board for policies. Addressing a press conference here on Wednesday at Federation House, Engr. Daroo Khan Achazai, and President FPCCI regretted that as per past practice, the Government did…

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