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Daraz and Telenor partner to enable accelerated digitization

Karachi, July 06, 2020: Daraz has signed a partnership with Telenor Pakistan to offer customers access to prepaid packages and package bundles for mobile recharge on the leading eCommerce platform along with exclusive offers. The new partnership stands in line with the two companies’ commitment towards digitalization in Pakistan to offer enhanced convenience and customer…

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JS Bank crosses Rs. 400 billion in deposits

Karachi, July 06, 2020: JS Bank’s deposits continued to grow and crossed Rs 400 billion (approx. USD 2.3 Billion) mark. Acknowledged as one of Pakistan’s largest SME banks and mortgage providers offering diverse individual and institutional banking solutions; JS Bank has been recognized by the State Bank of Pakistan as the best performer under the…

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PSX gains 89 points on Thursday

Karachi, July 02, 2020: KSE-100 index at Pakistan Stock Exchange (PSX) went up by 288 points during the session, which was contributed by a mix of sectors including Cements and Fertilizer sectors (which hit day’s high in early trading, but faced profit booking in later part of the session). Banking sector gained further as investors…

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Equities have become preferred asset class

Karachi, July 01, 2020: The pandemic has triggered the deepest global recession in decades. We have witnessed slowdown in Pakistan’s economy and downside risk to growth has increased. However, the fiscal and monetary authorities have responded with unprecedented economic policies including fiscal stimulus, monetary easing and debt moratorium. The recent reduction of Policy Rate to…

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