Business
Meezan Bank approves guidelines to support small businesses
Karachi, July 02, 2020: The 47th meeting of Meezan Bank’s Shariah Supervisory Board (SSB) was recently held as an online event, with the goal of preventing contagion and staying consistent with the recommendations of global and local health authorities and the Government. This was the first Shariah Supervisory Board meeting conducted completely online where members…
Emirates delivers on customer promise, offers travel confidence
Expedited processing has cleared nearly 650,000 refund requests in 8 weeks Policies offer customers confidence to plan and book their travel Karachi, July 02, 2020: In the past two months, Emirates has processed nearly 650,000 refund requests, returning over AED 1.9 billion to its customers and making good on its promise to expedite refunds after…
PSX index rose to touch an intraday high
Karachi, July 01, 2020: The benchmark index rose to touch an intraday high of +502 points before closing at 34,889 level (up 467 points). Traded volumes improved by 41 percent DoD to 315 million shares while value traded increased to US$63 million. Top volume stocks of the session were KEL (+9.0 percent), HUMNL (+7.8 percent)…
PACRA maintains A+ entity ratings of BankIslami Pakistan Limited
Karachi, July 01, 2020: The Pakistan Credit Rating Agency Limited (PACRA) has maintained BankIslami’s long-term entity rating at A+ (short term rating at A1) with a Stable Outlook. The ratings reflect BankIslami’s sustained risk profile. The Bank’s profitability enhanced owing to asset yield driven by peaked policy rates and volumetric increase in financing and instruments….
Textile exporters fear GoP could not release refunds in FY20-21: Bilwani
Karachi, July 01, 2020: Textile Exporters are fearing that Government in FY2020-21 would not be a in a position to refunds of 17 percent sales tax to exporters as well as customs rebate, duty drawback as of today a huge amount of worth billions of rupees of exporters is still stuck up with the Government…