Pakistan
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…
Dawlance pioneers exports of microwave ovens from Pakistan
“Pakistan is diversifying its exports into engineering products” – Adbul Razzak Dawood Advisor to PM Karachi, July 01, 2020: Dawlance has once again proved its technology leadership in Pakistan. It has now become the first company in Pakistan to export globally competitive Micro-wave ovens. This export-consignment is a part of Dawlance’s commitment to enrich Pakistan’s…
Airlift Grocer launches in Pakistan with an impressive foreign investment of $10m
Karachi, July 01, 2020: Bus ride-hailing service Airlift has introduced a new online grocery shopping service in Pakistan introduced as ‘Airlift Grocer’, bringing in an impressive foreign investment of $10 million. This investment comes to Pakistan at a time when the economy is crippled due to the havoc caused by Covid-19 and creation of new…
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….
JAC condemns attack on Pakistan Stock Exchange in Karachi
Karachi, July 01, 2020: Joint Action Committee (JAC), a group of civil society organizations and trade unions, on Wednesday vehemently condemned the terrorists’ attack on the key equity market of the country, Pakistan Stock Exchange (PSX) on Monday, killing and injuring police and private guards. In a joint statement Karamat Ali, Executive Director, Pakistan Institute…