Business
Telenor Microfinance Bank reports PKR 18bn in Revenue for Financial Year 2019
Karachi, July 08, 2020: Telenor Microfinance Bank has reported revenue of PKR 18 billion for the financial year ended December 31, 2019. This was led by an impressive expansion in the branchless banking customer base of the Bank’s Easypaisa wallet. A two-fold increase in Year-Over-Year wallet accounts was witnessed with more than 3 million increase…
SBP reduced markup rate to 5 percent on refinance schemes
Karachi, July 8, 2020: The State Bank of Pakistan (SBP) reduced markup rate to 5 percent on refinance schemes for investment and introduces other enhancements Taking cognizance of the negative fallout of COVID-19 Pandemic for the economy, State Bank of Pakistan (SBP) has been constantly taking steps to safeguard the businesses and households and a…
SBP extends Deferment of Principal Amount facility till Sep 2020
Karachi, July 7, 2020: Considering the fact that COVID-19 pandemic is continuing to stress the cash flow of small and medium sized businesses and households, SBP has decided to extend the Deferment of Principal Amount facility up till 30th September 2020. Its part of COVD-10 measures: SBP This facility will however be available for Small…
Emirates SkyCargo expands cargo connectivity to 100 destinations
Dubai, UAE, 05 July 2020 – Emirates SkyCargo will be operating scheduled cargo flights to 100 destinations across six continents during the month of July 2020. Some of the new cities added to the air cargo carrier’s network include Accra, Algiers, Athens, Fort Lauderdale, Glasgow, Larnaca, Los Angeles, Male, Moscow (SVO), Phnom Penh, Rome, Santiago, Sialkot…
Dawlance Launches New Refrigerator Series for extended food-preservation
Karachi, 6 July, 2020: Dawlance has enriched its range of refrigerators by introducing the latest refrigerator series. These new products reflect; “Innovation Inspired by nature”. Carrying forward the European quality, Dawlance is the first brand in Pakistan to introduce this surreal technology that promises revolutionary features for extended preservation of food, along with numerous other sophisticated functions….