KARACHI, October 21 2024: The country has reported a monthly Current Account surplus of USD 119 million for September 2024, marking the highest surplus since April 2024. This significant turnaround comes after five consecutive months of deficits and represents a notable improvement compared to a deficit of USD 218 million recorded in September 2023 and…
Exchange Companies’ (B-Category) license to cancel KARACHI, September 6, 2023: The State Bank of Pakistan has decided to introduce structural reforms in the Exchange Companies’ sector. As part of these reforms, leading banks actively engaged in foreign exchange business will establish wholly owned Exchange Companies to cater to the legitimate foreign exchange needs of general…
Karachi, February 25, 2020: A high-level delegation of Tehran Chamber of Commerce & Industry (TCCI) headed by Chairman Masoud Khansari along with Consul General of Iran Ahmed Mohammadi called on Korangi Association of Trade & Industry (KATI) here on Tuesday. President KATI Sheikh Umer Rehan, Senator Abdul Haseeb Khan, Chairman & CEO KITE Zubair Chhaya,…
Karachi, January 12, 2019: The Pakistan Tehrik e Insaf (PTI) government has successfully managed to generate over $12 billion for the allying Pakistan economy without borrowing from IMF. Pakistan for the last six months is facing downfall in its foreign exchange reserves due to continued external debt payment and higher import bill. Pakistan total foreign exchange…
Karachi, October 30, 2018: Pakistan’s one of the leading shariah compliant bank-BankIslami Limited Monday confirmed cyber attack on its Debt Card Data base. Hackers steal $6 million from BankIslami Pakistan accounts The bank management has also confirmed TheBizUpdate’s earlier story that approximately $6 million fraud was withdrawn due to this cyber attack. According to an information…