USA, China, UK remain top 3 destinations of Pakistani exports during 8 months
Pakistan exported product worth $7.724 billion to these countries during the first eight months of the current fiscal year, State Bank of Pakistan (SBP) reported The United States remained the top export destinations of Pakistani products during the first eight months of financial year (2021-22), followed by China and United Kingdom (UK). Total exports to…
Pakistan to import 32.7 MBL oil under SFD programme
Pakistan will import around 32.7 Million Barrels (MBL) of crude oil, during the year 2022, under an agreement signed with the Saudi Fund for Development (SFD) to meet its needs of petroleum products on deferred payment. “The Pak-Arab Refinery Company Limited (PARCO) and National Refinery Limited (NRL) are planning to import 16.89 and 15.81 million…
Supernet receives Shariah Screening Certificate from Meezan Bank
Supernet Limited (‘SNL’), a subsidiary of Telecard Limited has been awarded Shariah Screening Certificate by Meezan Bank Limited, based on the review of consolidated financial statements of SNL, certifying its compliance with KSE Meezan Islamic Index Criteria set out by Pakistan Stock Exchange, this was announced in a notice by Telecard sent to Pakistan Stock…
CDNS to provide Islamic investment opportunities, through Islamic finance
The Central Directorate of National Savings (CDNS) has decided to start Islamic finance and will start implementing its procedural work from next month to provide the facility of Islamic finance in the institution. In this regard, under Islamic Sharia Compliance, Prize Bonds and Savings Certificates will be issued for investment in accordance with Sharia Principles,…
RDA Inflows surge to $3.92 bn in March
Inflow of remittances under Roshan Digital Account (RDA) rose to US $3.92 billion by the end of March 2022 as compared to US $3.632 billion till end of February last year, according to a latest data released by the State Bank of Pakistan. The data showed that the inflows of remittances during the month of…
Arooj Aftab becomes first-ever Pakistani female singer to win Grammy award
Pakistani singer Arooj Aftab has created history, winning a Grammy, a major annual American entertainment award, to become the first-ever Pakistani woman to receive the prestigious trophy at a glittering ceremony in Las Vagas where the industry’s top musical stars and icons were present. Arooj, 37, won the award for singing Hafeez Hoshiarpuri’s Ghazal ,…
LUMS alumni secure top 3 positions in SCSS Exams 2021
28 LUMS graduates passed the recently held Central Superior Services (CSS) examinations with 3 alumni securing top positions. Hafiz Ali Naeem Sheikh, a graduate of BSc Management Science (2017) has secured a top position and has been inducted into the Pakistan Administrative Services (PAS). Hafiz is joined by Ahsan Fraz Gondal, a graduate of BSc…
Archroma Pakistan awarded among top 5 companies at PSX
Archroma Pakistan Limited (PSX: ARPL), is among the Top 5 companies in the Top 25 Companies Awards for the Year 2020 of the Pakistan Stock Exchange. This is the 19th time that Archroma has been awarded with Top 25 Companies Award, which is a recognition of its exemplary performance of sustainable excellence in terms of…