Business
FPCCI asks not to impose 2 percent RD on Polyester Spun Yarn
Save the textile industry from disaster due to heavy taxes on imported raw material: Khawar appeals to PM Karachi, August 05, 2020: Khawar Noorani, Chairman Standing committee on imports, convener yarn trade committee, Federation of Pakistan Chambers of Commerce & Industry (FPCCI) and former chairman Pakistan Yarn Merchants Association (PYMA), has appealed to Prime Minister…
Rehan Shaikh joins Standard Chartered Bank Pakistan Limited as Chief Executive
Karachi, August 05, 2020: Standard Chartered Bank (Pakistan) Limited today confirmed that Rehan Shaikh has joined the bank in Pakistan as the new Chief Executive Officer. His appointment is being announced post receiving all regulatory approvals. Rehan has over 35 years of banking experience, whereby most recently he was the CEO Islamic Banking, based in…
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…