Business
Paper-based submission of FX related cases will discontinue in June 21
Karachi, March 16, 2021: 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…
Carton Manufacturers in deep trouble due to shortage of raw material
Karachi, March 15, 2021: In a press statement of “All Pakistan Corrugated Cartons Manufacturers’ Association” it was said that carton manufacturers are in deep trouble due to shortage of raw material. As a result of COVID-19 pandemic all over the world, a price hike of waste paper was noticed in the domestic and international markets….
United States helps increase electricity revenue in Peshawar
Islamabad, March 15, 2021: The United States Mission to Pakistan, along with the Peshawar Electric Supply Company (PESCO), celebrated the successful completion of a pilot project to help decrease electricity theft and increase power revenue in Peshawar. Under the project, the U.S. Agency for International Development (USAID) installed 157 kilometers of anti-theft cable and…
KSE 100 close increase of 979pts
Karachi, March 15, 2021: Market opened on a positive note today and added a total of 1051 points, similar to the performance witnessed on Friday. Leveraged positions have come off lately, whereby leverage in MTS, MFS and Futures stood Rs. 45 billion on March 8th, and by the end of the week declined to Rs….