Business
EU Ambassador visits FPCCI GSP+ status enabled 108% export growth in a decade
Karachi, January 11, 2024 : Mr. Atif Ikram Sheikh, President FPCCI, has stressed that the 27-country economic alliance of European Union – with a cumulative GDP of almost $20 trillion – can help Pakistan steer out of the chronically dilapidated state of the economy of Pakistan; and, enhancing our exports to the EU nations should…
IBA Karachi launches fact-checking initiative ahead of General Elections 2024
Islamabad, January 11, 2024 : The Center of Excellence in Journalism (CEJ) at the Institute of Business Administration (IBA), Karachi has launched a non-partisan fact-checking initiative, iVerify, to advance the scope of independent and unbiased reporting in the country’s journalistic landscape. Addressing the iVerify launch ceremony at Serena Hotel, Islamabad, Amber Rahim Shamsi, Director CEJ-IBA,…
Pakistan listed sugar sector record profitability
Islamabad, January 11, 2024 : Pakistan listed sugar sector’s earnings were up 78% YoY to record high of Rs22bn in FY23 (Oct-2022 to Sep-2023). This increase is attributed to rise in sugar prices that led to higher gross margins. Ethanol, which is a by-product of sugar, also experienced improved performance in FY23 due to favorable…
Faysal bank joins forces for State of the art consumer credit decision engine
Karachi, January 10, 2024 :Faysal Bank(FBL) one of the premier Islamic banks in Pakistan has partnered with Data Check; forming the industry’s first collaboration for “Hosted Decision Engine”, licensed by Qarar. Through this initiative the Bank aims to enhance process efficiency in the consumer digital lending space through advanced credit-scoring techniques, for the enablement of…
NBP Digital launches new mobile app donation feature
Karachi, January 10, 2024 : The National Bank of Pakistan (NBP) has embarked on a new initiative with the NBP Digital App to streamline and improve the digital customer experience for account holders, including both conventional and Aitemaad Islamic banking. This innovative feature in NBP Digital app allows users to make donations effortlessly with just…