KARACHI, July 13, 2020: Workers’ remittances rose by a significant 50.7 percent during June 2020 to reach record high USD 2.466 billion compared with USD 1.636 billion in June 2019. Similarly, on a cumulative basis, workers’ remittances increased to a historic high level of USD 23,120.7 million during FY20, witnessing a growth of 6.4% over…
KARACHI, July 13, 2020: The Institute of Business Administration (IBA), Karachi and Bank Alfalah Islamic have announced the Alfalah Islamic Scholarship Program to provide financial assistance for five fresh undergraduate students for their entire first year. The MoU for this initiative was signed by CEO and President of Bank Alfalah Atif Bajwa and Executive Director IBA Dr….
KARACHI, July 12, 2020: Some Rs 1.68 billion penalty has been imposed by the central bank on 15 bank for on deficiencies in regulatory compliance and does not constitute a comment on the financial Soundness Of the entity. These fines were imposed on United Bank Ltd, JS Bank Ltd, Meezan Bank Ltd, Faysal Bank Ltd,…
Karachi: Jamaat-e-Islami (JI) on Saturday staged sit-in on Shahrah-e-Faisal near Nursery against Karachi Electric (K-E)’s unscheduled long hours load shedding, issuance of inflated bills and proposed raise in power tariff. The JI leaders in their address to protestors were of the view that K-E has become an ally to rulers in central and Sindh in…
KARACHI, July 12, 2020: The KSE100 index of Pakistan Stock Exchange (PSX) continued previous week’s gains, closing this week 3.2 percent WoW up at 36,190 levels. Decline in active COVID-19 cases and materialization of inflows from International Financial Institutions in the country kept investor sentiments upbeat, which also reflected in improving participation. According to JS,…