BB Energy keen to supply LNG, petroleum products to Pakistan
The BB Energy, an independent energy trading company expressed interest to develop a strategic business relationship with Pakistan and supply affordable petroleum products and LNG to the country. According to press statement issued by finance ministry, Federal Minister for Finance and Revenue Senator Mohammad Ishaq Dar held a meeting with a delegation of BB Energy…
Adil Aziz
Preparing for the worst as Amazon, Microsoft cut jobs
AMAZON is starting the biggest round of job cuts in its history. Microsoft plans to reduce its workforce by 5 per cent. Goldman Sachs is laying off over 3,200 people, and several Wall Street banks are considering cutting their bonus pools by as much as 30 per cent. The frenzied, pandemic-era burst of hiring across…
Faysal Bank Eyes on Growth through Automation
Faysal Bank Limited (FBL) has always kept abreast with the latest developments in Digital Banking Technology and has aggressively implemented the same in all the segments, wherever required. In continuation of this endeavor In line with the bank’s core value of “Innovation” through Process automation, FBL Faysal Bank Limited has entered into Agreement with Messrs….
Rupee closes at Rs 228.90 against USD
The exchange rate of the Pakistani rupee depreciated by 25 paisa against the US dollar in the interbank trading on Wednesday and closed at Rs 228.90 against the previous day’s closing of Rs 228.65. According to the Forex Association of Pakistan (FAP), the buying and selling rates of dollar in the open market were recorded…
KE requests highest ever FCA reduction of PKR 10/unit for December 2022
K-Electric has requested NEPRA to pass a reduction of PKR 10.26 per unit in customer bills under Fuel Charges Adjustment (FCA) for the month of December 2022. This request has been made under the FCA mechanism governed by NEPRA. The FCA is reviewed every month as per the tariff regime applicable across the country and…
Kaifi Khalil Topping Local Charts on Spotify
Whether you are an avid music listener or not, chances are that you’ve come across “Kana Yaari” or “Kahani Suno 2.0” playing behind a short video or on a friend’s Spotify playlist! In fact, “Kahani Suno 2.0”, has continuously been ranking at No. 1 and 2 on Spotify’s weekly charts with its total streams now…
PSX turns around to bullish trend, gains 448.88 points
The 100-index of the Pakistan Stock Exchange (PSX) turned around to bullish trend on Wednesday, gaining 448.88 points, a positive change of 1.17 percent, closing at 38,791.09 against 38,342.21 points the previous day. A total of 153,090,751 shares were traded during the day as compared to 205,906,982 shares the previous day, whereas the price of…
President urges State’s pillars, business community to jointly resolve economic issues
President Dr Arif Alvi said parliament, judiciary, executive and business community need to work in tandem to resolve the economic issues. Talking to the Presidents of Chambers of Commerce and Industry from across the country, the president called for identify the economic issues faced by the nation and resolving them to bring about political, economic and…
PSX Signs Agreement with Karandaaz at a Gong Ceremony
In a landmark development for the capital market, Pakistan Stock Exchange (PSX) signed an Agreement with Karandaaz whereby Technical Assistance (TA) grants would be given to prospective companies to be listed on the GEM Board. The Agreement was signed by Mr. Farrukh H Khan, MD & CEO PSX, and Mr. Waqas ul Hasan, CEO Karandaaz…
Amin-ul-Haq stresses for enhancing Pak-US business relations
Minister for IT and Telecommunication Syed Amin-ul-Haque stressed the need for enhancing Pakistan-United States business relations and bilateral cooperation in various fields of mutual interest. Talking to US ambassador to Pakistan Donald Blome, the minister said business relations would prove beneficial for both countries. The minister informed the US ambassador that Pakistan’s Information Technology and telecom…