KARACHI, December 13, 2024: BankIslami has proudly secured the 2024 Euro Clearing Quality Recognition Award from J.P. Morgan, in recognition of its outstanding achievement in the financial services sector. The award honors BankIslami’s remarkable MT202 STP (Straight Through Processing) rate of 99.37%, a key indicator of the bank’s exceptional operational efficiency and commitment to excellence….
KARACHI, December 10th 2024: Samad Dawood, Vice Chairman of Dawood Hercules Corp, emphasized that the tough economic measures implemented by the Government of Pakistan have contributed significantly to macroeconomic stability and revived investor confidence in the country. This improved business environment was a key factor in Engro’s landmark transaction, the largest in Pakistani rupee terms,…
KARACHI, December 10th 2024: Relational, a leading European-based business software provider, has entered into a strategic partnership with Dellsons Group to introduce its cutting-edge business software solutions to Pakistan’s financial sector. This partnership was formalized through the signing of a Memorandum of Understanding (MoU) in a ceremony attended by senior executives from both organizations. Leveraging…
KARACHI, December 10th 2024: The obstacles to peace and justice globally are not rooted in religion itself, but in the misinterpretations and actions of its followers. Justice Dr Syed Muhammad Anwer, a judge at the Federal Shariat Court, expressed this view at the concluding session of an international seminar titled “The Role of Religions in…
KARACHI, December 10th 2024: The Karachi Stock Exchange (KSE-100) endured a day of heightened volatility, as the index swung dramatically within a 4,000-point range. The session, marked by intense profit-taking, saw the index reach a high of 1,789 points before plunging to a low of 2,258 points, ultimately settling at 108,896 points. Early optimism fueled…