The government has withdrawn the option of accepting a Corporate Guarantee against any imported items, while a bank guarantee or pay order would remain valid as an instrument of guarantee.The purpose of the guarantee arises in case of a dispute on cust…
Meezan Bank will launch Pakistan’s first Islamic e-commerce payment gateway and point-of-sale (PoS) system this year, as the bank aims at providing a Sharia-based digital transaction system and solution to merchants and customers countrywide.The bank i…
Azad Jammu and Kashmir Prime Minister Sardar Abdul Qayyum Niazi has strongly condemned the martyrdom of five innocent Kashmiris by Indian forces in Pulwama and Budgam districts of the illegally occupied Jammu and Kashmir.Talking to various delegations …
Pakistan’s freelancers earned export revenue of $216.788 million during July–December FY22, showing an increase of 16.74 percent as compared to $185.698 million in the corresponding period last year.According to the data released by the Ministry of Inf…
Mainly cold and dry weather is expected in most plain areas of the country, while very cold in upper parts during the next twelve hours.Fog is likely to prevail in upper Sindh and few plain areas of Punjab during morning and night hours.Temperature of …
President & Chief Executive Officer Engro Corporation Limited, Mr. Ghias Khan, has taken over as the President of the Overseas Investors Chamber of Commerce and Industry (OICCI) for the 2022 term.This was announced at the 162nd Annual General Meeting o…
The government is planning to import 500,000 tonnes of petrol and around 250,000 tonnes of diesel next month to fulfill the country’s demand.Estimates show that the demand for petrol in Pakistan will be 712,500 tonnes in February 2022, with the demand …
The Federal Board of Revenue (FBR) is measuring up a new set of rules to restrict foreign currency outflow, such as foreign currency declarations at customs stations, airports, and seaports, among other things.According to Business Recorder, the tax re…
The Pakistani Rupee (PKR) is persisting with its positive run against the US Dollar (USD) and posted gains in the interbank market today. It gained five paisas against the greenback after hitting an intra-day low of Rs. 176.95 against the USD during to…
The cold weather severely impacted the business and industrial activities in Karachi, the commercial hub of Pakistan, as it witnessed the suspension of gas supplies for the past 100 days, adversely affecting the fresh investment of $3 billion in variou…
