Karachi, April 25, 2019: Pakistan National Shipping Corporation (PNSC) has invested a handsome amount of $60 million to purchased two oil-tanker ships to enhance its shipping operations for the purpose of oil imports. According to the official sources, the national flag-carrier acquired two refurbished oil-carrying vessels recently at the cost of $30 million each. The…
Karachi, April 25, 2019: Non-Resident Pakistanis (NRPs) are facing serious issues due to present State Bank of Pakistan (SBP) regulations when they open or operate bank accounts in Pakistan. Bankers said that SBP regulations are discouraging NRPs to open bank accounts and remit funds to Pakistan. There are some four major restrictions on NRP accounts…
Karachi, April 24, 2019: MCB Bank reports exceptional growth of 24 percent in Profit Before Tax, Announces the highest quarterly dividend of Rs. 4/share for the banking industry The Board of Directors of MCB Bank Limited met under the Chairmanship of Mian Mohammad Mansha, on April 24, 2019, to review the performance of the Bank…
Karachi, April 24, 2019: All City Traders Union led by President Hamad Poonawala, met the leading industrialist, Aqil Karim Dhahdi in his home. Regarding the Economy, the emerging situation of the country and the discussion was made on the actions taken by the government and the problems the public faced in the current situation. Hammad…
Karachi, April 23, 2019: During a large-scale crackdown operation against power theft in the area of Sherpao Muslimabad, Landhi, K-Electric teams, supported by Law Enforcement Agencies (LEA), dislodged cables weighing over 800 kilograms, which were illegally supplying power to more than 100 residential and commercial locations. The cables were resolutely dismantled despite resistance from the…