Karachi, March 11, 2021: Oracle Corporation (NYSE: ORCL) has announced fiscal 2021 Q3 results. Total quarterly revenues were up 3 percent year-over-year to $10.1 billion. Cloud services and license support revenues were up 5 percent to $7.3 billion. Cloud license and on-premise license revenues were up 4 percent to $1.3 billion. Q3 GAAP operating income…
Karachi, March 10, 2021: Pakistan equities continued its downward trend for the third day of the week owing to political uncertainty, economic headwinds and margin calls. After a slightly positive opening benchmark KSE100 Index juggled between intraday high of 201 points and low of 602 points. It closed the session at 43,691 level (down 1.20…
Karachi, March 10, 2021: In order to promote digitization in the banking sector and encourage use of digital channels, SBP has instructe(https://www.sbp.org.pk/psd/2021/C1.htm) all banks to provide minimum set of services on their Internet Banking (IB) and Mobile Banking (MB) channels. These services will include bill payments, funds transfer/IBFT, beneficiary management, limit management, credit and debit…
Karachi, March 10, 2021: Advisory Council of the Federation of Pakistan Chambers of Commerce and Industry on Budget finds various laws and regulations that do not generate much revenue on the other hand badly affecting ease of doing business ranking of Pakistan. Mian Nasser Hyatt Maggo President FPCCI in this regards has already communicated to…
Karachi, March 09, 2021: The KSE 100 index continued its bearish momentum from yesterday to close the day at 44,222 (down 1.84 percent). The selling today can be attributable to the SBP autonomy bill, withdrawal of income tax exemptions and rising bond yields. Investors focus remained on the upcoming monetary policy expected to be announced…