Karachi, January 07, 2020: The State Bank of Pakistan today released its First Quarterly Report on the State of Pakistan’s Economy for FY20. According to the report, Pakistan’s economy moved progressively along the adjustment path during the first quarter of FY20. The macroeconomic stabilization process picked up momentum with the initiation of the IMF’s Extended…
Karachi, January 07, 2020: Dolmen Mall, Pakistan’s favourite chain of shopping malls marked the closing ceremony of Dolmen Shopping Festival (DSF) with a grand event with the gifting ceremony of the 27th shopping festival across its three malls in Clifton, Tariq Road and Hyderi. The festivities came to an end with a glimpse of the…
Karachi, January 07, 2020: China Power Hub Generation Company (Pvt.) Ltd (CPHGC) has been assigned a long-term AA rating by the Pakistan Credit Rating Agency Limited. The 1320MW, USD 2 billion power project under the China Pakistan Economic Corridor developed in Lasbella, Balochistan has also been given a short-term A1+ rating and a stable outlook….
Karachi, January 03, 2020: Spokesperson K-Electric reiterates that different figures ranging from PKR 4 upwards being circulated in media circles as increase in consumer bills are misleading. According to the Spokesperson, “Some News Channels and Publications have quoted a figure of more than PKR 4 being increased in the end consumers’ monthly bills which is…
Karachi, January 03, 2020: Uber (NYSE: UBER) today confirmed the official close of the previously announced acquisition of Careem for $3.1 billion. Careem Networks FZ-LLC has become a wholly-owned subsidiary of Uber, preserving its brand. Careem co-founder and CEO Mudassir Sheikha will continue to lead the Careem business, which will report to a board made…