Islamabad, August 9, 2019: Some four leading Pakistani banks have faced a cumulative fine of Rs 184.7 million for violation of State Bank of Pakistan’s (SBP) rules and regulations. As a part of steps taken to overcome from Grey List of Financial Action Task Force (FATF), recently the Pakistan’s central bank has announced that it…
Karachi, August 8, 2019: Saleem Karim Patron in Chief Pakistan Disabled Cricket Association (PDCA) has categorically rejected the corruption allegation in the Association. In a video message, he has said that all corruption allegations against Pakistan disable cricket are baseless. “PDCA has limited sources of funds and even for this world cup tournament overall expenses…
Karachi, August 8, 2019: OLX, Pakistan’s No.1 marketplace, in order to cater the problem of the consumer not been able to buy new cars and opting for used cars following the hike in prices after the Finance Bill 2019, has launched its CarPro services in Karachi starting from August. This will enable the consumers to…
Cairo, Egypt, August 8, 2019: IFC and MIGA, members of the World Bank Group, signed an agreement to support the development of a 252-megawatt wind farm by Lekela in Egypt’s Red Sea governorate. IFC will provide $84 million in financing while MIGA will offer $122 million in financial guarantees, helping to bolster the production of…
The solid increase in profitability for the quarter was largely driven by higher net profits recorded by the Group’s Investment Bank and NBFI platforms, which posted 26 percent and 138 percent Y-o-Y net profit growth, respectively. Cairo, Egypt, August 8, 2019: EFG Hermes, the leading financial services corporation in Frontier Emerging Markets (FEM), reported today…