Karachi Archives | Page 10 of 86

The Aga Khan University Hospital Earns Prestigious American Hospital Association Award

The Biz Update2 weeks ago2 weeks ago04 mins

KARACHI, December 09 2024: The Aga Khan University Hospital (AKUH) has been awarded the esteemed American Hospital Association Excellence Award for Healthcare Workers’ Wellbeing, securing a silver award at the 2024 International Hospital Federation (IHF) Awards. This accolade highlights the hospital’s commitment to creating an enriching and supportive workplace for its healthcare professionals, ensuring their…

SBP Poised to Re-Evaluate Auto-Financing Cap Amidst Recovery in Auto Financing Market

The Biz Update2 weeks ago2 weeks ago05 mins

KARACHI, December 09 2024: The State Bank of Pakistan (SBP) is considering a re-evaluation of the Rs3 million cap on auto financing, following recent positive trends in the auto financing sector. After a prolonged period of decline over 26 consecutive months, auto financing numbers have shown month-on-month (MoM) growth for the past two months. This…

Prime Minister Forms Committee to Address Advance to Deposit Ratio (ADR)

The Biz Update2 weeks ago2 weeks ago04 mins

KARACHI, December 09 2024: In response to ongoing concerns within the banking sector, the Prime Minister has established a committee tasked with resolving issues related to the Advance to Deposit Ratio (ADR). The committee’s goal is to ensure the effective management of ADR through a review of fiscal and regulatory measures, which will help stabilize…

The Destructive Impact of the Export Facilitation Scheme on Pakistan’s Textile Industry

The Biz Update2 weeks ago2 weeks ago07 mins

KARACHI, December 09 2024: In recent years, Pakistan’s textile industry has faced significant challenges, with the Export Facilitation Scheme (EFS) emerging as a major contributor to its downfall. The All Pakistan Textile Mills Association (APTMA) has highlighted the detrimental effects of this scheme on local spinning mills, which are now facing massive closures and mounting…

AirSial Gears Up for International Operations with New Airbus A320s

The Biz Update2 weeks ago2 weeks ago05 mins

KARACHI, December 09 2024: In a significant move to expand its operations, AirSial, Pakistan’s emerging private airline, has announced the addition of two new Airbus A320 aircraft to its fleet. This decision marks a major step forward in the airline’s growth trajectory, further strengthening its position in the competitive aviation sector. Founded with the efforts…