Business
PSX market closed on a decline of 286pts
Karachi, August 20, 2020: Market opened on a positive note today with +29 points, however, couldn’t carry the momentum showed in the previous sessions and posted a loss of 372 points in total during the session. The index closed -340 points (unadjusted). Selling activity was observed in Fertilizer, Cement, Refinery and O&GMCs and intensified by…
MCB profit up by 24pc to Rs 13.2 bln in 1st Half of 2020
Karachi, August 20, 2020: The Board of Directors of MCB Bank Limited (MCB) met under the Chairmanship of Mian Mohammad Mansha, on August 20, 2020 to review the performance of the Bank and approve the condensed interim financial statements for the half year ended June 30, 2020. In compliance with the SBP’s instructions, Bank has…
EFP to promote Agriculture Technical Research
Karachi, August 20, 2020: “Agriculture in Pakistan needs an immediate restructuring revolution if the country has to scale to the next level in agriculture produce. In order to achieve this objective, Employers Federation of Pakistan has taken the pragmatic initiative to take on board agricultural experts and technologists to achieve this objective”. This was announced…
SCB contributes $55,000 for COVID-19 relief projects in Pakistan
Karachi, 13 August 2020: Standard Chartered, in partnership with Sightsavers International, the Bank’s Seeing is Believing programme implementation partner, is supporting the Pakistani community during these challenging times by supporting various relief projects. To minimise the risks of COVID-19 for health care professionals in Pakistan, funds allocated will support the safety of frontline health professionals…
SBP allows instant payments to Globally Recognized Digital Service Providers
KARACHI, August 13, 2020: In an effort to further enhance ease of doing business in Pakistan, the State Bank of Pakistan (SBP) has introduced a new mechanism to enable the companies in Pakistan to make instant payments for acquiring digital services from globally recognized digital service provider companies, without any hassle. Now local companies can…