Business
Rupee Depreciation; IMC Increases Car Prices
Karachi, October 19, 2018: After assessing the situation, IMC on Tuesday has announced revised prices for vehicles on which bookings will resume from 17th October. Customers who have paid full payment for orders of Oct / Nov will get cars on the same prices as the company will absorb the added cost. However, customers who have…
HBL President comments on Pakistan’s dialogue with the IMF, CPEC and Digitalization
Indonesia, October 19, 2018: Muhammad Aurangzeb was invited as the only CEO Representative of the Pakistani banking sector in order to share his views in his capacity as the President & CEO of HBL. It is pertinent to mention that Muhammad Aurangzeb is the only CEO from Pakistan as well as the only Pakistani who…
State Bank to Issue Rs. 50/- Sir Syed Ahmed Khan Commemorative Coin
Islamabad, October 18, 2018: Sir Syed Ahmed Khan was a renowned author, educationist and Muslim reformer of 19th Century, who laid the foundation of Muslim renaissance in Indo Pak sub-continent, which ultimately led to the creation of Pakistan in 1947. On 17th October 2017, the 200th birth anniversary of Sir Syed Ahmed Khan was celebrated….
CRISIS LOOMING OVER ISLAMIC BANKING INDUSTRY
Karachi, October 18, 2018: An imminent crisis is brewing for the Islamic banking industry as a major chunk of its liquidity instruments starts maturing this December. The Islamic banking industry in terms of deposits is approximately 15 percent of the total banking industry. The total banking industry as of June 2018 was approximately 13 trillion;…
Finance supplementary Bill 2018 by PTI govt
Islamabad, October 18, 2018: On the eve of the announcement of the Finance Supplementary (Amendment) Bill 2018 by the newly elected PTI Government, there is perhaps no better opportunity than now to implement the Senate resolution moved by PTI Senator Syed Shibli Faraz and unanimously passed by the Senate of Pakistan on 9th July 2018….