Bank Alfalah Limited (PSX: BAFL) has unveiled its plans to establish an Exchange Company with an initial paid-up capital of Rs. 2,000 million, as confirmed in a disclosure to the Pakistan Stock Exchange on Tuesday.
In a significant development, the Federal Board of Revenue (FBR) has reported a substantial increase in refunds disbursed during September 2023 compared to the previous year, signaling a significant improvement in the tax collection and refund distribution system.
In September 2023, Pakistan experienced a 12 percent decline in its textile exports compared to the same month in the previous fiscal year, with the total standing at $1.35 billion as opposed to the $1.53 billion reported earlier.
Rizwan Ata has assumed the role of President and CEO at BankIslami, one of Pakistan’s prominent Islamic financial institutions. Ata’s appointment is backed by his extensive experience and profound knowledge of the Islamic banking sector.
The Federal Investigation Agency (FIA) has officially filed a First Information Report (FIR) against Pakistani businessmen on charges of deceiving a Chinese investor.
In fiscal year 2023, Pakistan secured $2.3 billion in assistance from the International Development Association (IDA), according to the World Bank’s annual report.
Hatchbacks dominate the Pakistani market due to their affordability, excellent fuel efficiency, and ease of parking
Islamabad – Pakistan and the Gulf Cooperation Council (GCC) have reached a ‘preliminary’ free trade agreement (FTA), as announced by the caretaker Minister of Commerce, Gohar Ejaz, in a social media post.
Umar Saif, the interim Minister of Information Technology, is scheduled to embark on an official visit to Saudi Arabia on Saturday.
Pakistan is seeking a long-term oil agreement with Russia, adhering to a $60 per barrel price cap
In September 2023, Pakistan’s rupee is set to outshine all other global currencies, thanks to government and military-backed measures against dollar smuggling and hoarding, preventing the rupee’s depreciation.
In a recent statement on X formerly known as Twitter, the CEO of Jazz Aamir Hafeez Ibrahim, expressed his delight at the remarkable surge in the utilization of branchless banking services among Pakistani users.
