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Daraz.pk launches DForce to enable everyone to get share from their sale

The top most online shopping site of Pakistan, Daraz.pk, has launched a new offer for its sale scheme named DForce, where anyone will have a bit to earn. The company has opened registration for its sales to make anyone to associate with Daraz and resell their products to their friends …

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Combined earnings of 20 banks rose to Rs46.6 billion during Jul-Sept: Report

20 listed Pakistani banks during the period of July-September earned up to Rs46.6 billion collectively, which is 19% up from the same three-month period of the last year. In the light of the date fetched by Topline securities, all listed commercial banks, leaving BankIslami, earned growth of 13% in Jul-Sep …

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Atlas Honda to double its manufacturing by 2016 in Pakistan

LAHORE: Atlas Honda Limited, in a bid to escalate manufacturing, has announced to invest $100 million to expand its motorcycle operations across the country. The famous Auto company Atlas Honda in association with Honda Motor Company has publicised its intentions on Friday during a meeting of its board of directors, …

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Petroleum prices likely to hike from Nov 1st by 7%

ISLAMABAD: Like every ending of month, this concluding month has also made Pakistani to hover on ever-fluctuating petroleum prices as it likely to change by the start of new month. Petroleum and finance ministries on Thursday received summary from the Oil and Gas Regulatory Authority (Ogra). The summary proposed rice …

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US dollar hits the highest level in inter-bank as rose to Rs106.10

The United States dollar jumps to the highest against Pakistani rupee during the day’s trading by 12pm on Wednesday. The dollar rate in the inter-bank market reaches to Rs106.10 on Wednesday from its previous raise of Rs105.5, which was occurred just the previous day – Tuesday – when it rose …

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ADB to support Pakistan with $1.2 bn annually

Asian Development Bank would supply an assistant package of approximately 1.2 billion dollars to Pakistan every year for infrastructure development and institutional reforms. In the light of ADB’s newly formed five year partnership agenda with Pakistan, the amount of the financial assistance will be given for enhancement in power, transport, …

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Hum Media Group earns Rs1 bn pre-tax profit during 2014-15: Report

Pakistan media industry has been flourishing for more than a decade and the new statistics say some of media groups are earning greatly. The famous Hum Group has made approximately Rs 1 billion pre-tax profit for the first time in the financial year 2014-15, statistics report. Airing soaps and TV …

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Islamic Banking: Pakistan grabs third spot in Islamic Awards

From country risk levels to poverty measurement, they conclude expanded data related to composite numerical figures, producing easy-to-comprehend indicators to decision-makers on many commercial, political and social issues. Apart from the above-mentioned, consumer prices indices are another crucial indicator portraying the state of affairs of an economy, specifically inflation. Bank …

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IMF Executive Board approves immediate disbursement of $504.8m to Pakistan

WASHINGTON: After successfully completing the eights review of Pakistan’s economic performance, the Executive Board of International Monetary Fund (IMF) has decided to provide immediate disbursement of $504.8 million. After completing the review under a three year programme supported by an Extended Fund Facility (EFF) arrangement, the Executive Board also approved …

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World Bank lauds economic development in Pakistan, says Pakistan has improved credit rating

ISLAMABAD: The World Bank has lauded economic development in Pakistan added Pakistan has improved credit rating very much. This is said by World Bank Country Director Rachid Benmessoud. According to WB, Pakistan’s economy is improving due to prudent monetary and fiscal policies, strong capital inflows and robust remittances. After the …

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SBP: Foreign Workers’ Remittances rise 5.4% to $3.1 billion in FY16

ISLAMABAD: According to External Relations Department of State Bank of Pakistan (SBP), overseas Pakistani workers has remitted $3.1 billion in the first two months (July to August) of FY16. During the month of August 2015, foreign remittances were $1.52 billion that were 8.21% higher than remittance of July 2015 and …

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Turkmenistan kicks off working on gas pipeline to Pakistan

ASHGABAT, TURKMENISTAN: Turkmenistan has started working on an ambitious 1,800-kilometre-long pipeline that would carry gas from the Turkmenistan to energy needed India, Pakistan and Afghanistan, according to state media on Friday. Specialists of the Institute of Oil and GAs in the ‘Turkmengaz’ state cooperation have started engineering and surveying work …

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Asian Development Bank to consider funding for Jamshoro Power Generation Project II

ISLAMABAD: After agreeing to extend loan of $900 million for installing coal-fired power plant at Jamshoro, Asian Development Bank is also considering to extend more loan for the 2nd unit of Jamshoro Power Generation Project. The ADB that is already providing the mega budget for the installation of coal-fired power …

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OGRA recommends Rs6.14 cut in petrol prices after global fall

ISLAMABAD: The recent worldwide fall in oil prices makes Pakistan Oil and Gas Regulatory Authority (Ogra) to recommend a significant reduction in fuel prices. However, the government may try to keep an equilibrium between the requirement to maintain government tax revenues steady and passing on to consumers the effects of …

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