Business
PSX Index closed with an increase of 305pts
Karachi, August 05, 2020: Market opened on a positive note with +73 points and carried the momentum on the back of Banking sector, however, selling activity brought the Index down by 152 points erasing the gains posted earlier in the session. Market bounced back on the report of increase in cement price / bag, which…
Business Confidence negatively impacted by COVID-19 – OICCI BCI 2020 Survey
Karachi, August 05, 2020: Overseas Investors Chamber of Commerce and Industry (OICCI) shared the results of its Business Confidence Index (BCI) Survey – Wave 19, which shows that the overall Business Confidence Score (BCS) in Pakistan stands at 50 percent negative, a further drop by 5 percent from the already – 45 percent negative score…
Bank Alfalah & Terrapay to launch home remittance service to Pakistan
Karachi, August 05, 2020: Bank Alfalah and TerraPay, a global payments infrastructure company, have announced a partnership for offering remittance payment services in Pakistan. Through this partnership, overseas Pakistanis will be able to use TerraPay’s partners’ network to instantly deposit money to any bank account in Pakistan. With this service, Bank Alfalah is reinforcing its…
Urea sales likely to jump by 22pc YoY in Jul-2020
Karachi, August 04, 2020: Pakistan Urea sales in Jul-2020 are expected to jump by 22 percent YoY to clock in at 567k tons as compared to 465k tons in Jul-2019. However, sales are likely to decline by 51 percent MoM as Jun-2020 had largely catered to pent up demand of previous couple of months because…
Bank Alfalah and Techlets sign MoU to boost 10,000 Work Opportunities
Karachi, july 30, 2020 : Bank Alfalah and Techlets Pvt Ltd have jointly agreed to deliver an innovative and fully integrated financial solution on Walee, a mobile app and web platform (www.waleepk.com) serving Pakistan’s largest influencer marketing platform with more than 50,000 users across more than 250 cities. “Walee, Pakistan’s everyday trade app”, operated by…