Business
Shipping companies increases container cargo frieght
Karachi, March 16, 2021: Federal B Area Association of Trade and Industry has expressed concern over the 700 per cent increase in the cost of transporting container cargo around the world, including Pakistan, due to the dramatic increase in imports. President Fabati Muhammad Ali said that international freight costs have increased by 500 to 70,000…
KSE 100 close increase of 90.47pts
Karachi, March 16, 2021: The market witnessed a volatile session today with the KSE 100 Index printing an intra-day high of 144 points and an intra-day low of -221 points to eventually close the day at 44,843 (up 90.47 points or +0.20 percent ). Investors remained on the sidelines with focus on political noise, high…
LSM posts 9.13 pc in January
Islamabad, March 16, 2021: The Large Scale Manufacturing Industries (LSMI) production grew by 9.13 percent on year-on-year basis during the month of January 2021 as compared to the corresponding month of last year, Pakistan Bureau of Statistics (PBS) reported Tuesday. The LSMI Quantum Index Number (QIM) was recorded at 175.15 points during January 2021 against…
Paper-based submission of FX related cases will discontinue in June 21
Karachi, March 16, 2021:Â To further extend the digitalization drive, enhance operational efficiency and transparency, promote ease of doing business and make case submission cost effective and environment friendly, State Bank of Pakistan (SBP) is encouraging ADs to develop their own portals to connect their customers. For the purpose, ADs were advised to provide an online…
Meezan Bank signs agreement with Master Group
Karachi, March 15, 2021: Meezan Bank, the Best Bank in Pakistan and Master Group, pioneer of foam industry in Pakistan have recently joined hands to streamline transaction banking services for Master Group. Under this agreement, Meezan Bank, through the provision of its state-of-the-art online banking solution, named eBiz+, will enable Master Group to fully automate its customer collections and…