Asian stocks mixed, Europe opens higher as investors fret over inflation
Asian stocks were mixed on Wednesday, following a volatile day on Wall Street with investors concerned about surging inflation and see-sawing crude prices. Equities have been on a roller-coaster ride in recent weeks, fuelled by worries about inflation, the Russian invasion of Ukraine, and the impact of China’s Covid-19 lockdowns on global supply chains. Global…
Adil Aziz
Pakistan’s exports to Italy increase 35% to $758 million in 3 quarters
Pakistan’s exports of goods and services to Italy witnessed an increase of 35.58 percent during the first three quarters of fiscal year (2021-22) as compared to the exports of corresponding period of last year. The overall exports to Italy were recorded at $758.795 million during July-March (2021-22) against exports of $559.664 million during July- March…
Hashoo Hotels & Resorts will soon launch PC Legacy-Airport Lahore
Located in the bustling city of Lahore, it will be the third hotel by Hashoo Hotels in its recently introduced brand of hotels by the name of PC Legacy, following PC Legacy Nasirabad. The brand “PC Legacy” is a new chain of four-star hotels by Hashoo Hotels who already own and operate Pearl-Continental, Marriott and…
Taro partners with Muawin to redefine BNPL in Pakistan
In a historic industry first, Taro Technologies, a leading BNPL platform, collaborates with Muawin, Pakistan’s first licensed B2B digital lender, to turbocharge Taro’s launch. This partnership will allow both FinTechs to integrate and offer seamless financing for both end-customers and merchants across Pakistan. As BNPL growth booms both globally and locally, Pakistan has taken a…
Miftah assures his support to FBR in ongoing tax collection drive
Federal Minister for Finance and Revenue, Miftah Ismail on Tuesday assured Federal Board of Revenue (FBR) of his total support in the ongoing tax collection drive in the country. Miftah Ismail, visited FBR Headquarters, here to review performance and the ongoing drive for tax compliance by the country’s premier revenue collection organization, said a press…
Supernet limited first IT Company enlisted on GEM board of PSX
Since its inception in 2020, Pakistan Stock Exchange’s (PSX) Growth Enterprise Market (GEM) Board is progressively gaining traction and now proudly lists the third growth enterprise on the Stock Exchange, Supernet Limited (SL). The GEM Board is a listing platform created to facilitate growth enterprises, whether small, medium or greenfield businesses, for their capital raising…
IFC Appoints New Country Manager for Afghanistan and Pakistan
IFC has named Zeeshan Sheikh as its new country manager for Afghanistan and Pakistan. Sheikh will aim to mobilize private sector investment across key sectors, building on IFC’s global expertise and influence as a partner of choice for both public and private sector stakeholders. Sheikh, a British national, joined IFC in 2010. He has worked…
PKIC, Enertech Kuwait sign agreement worth US$ 750 million
Pakistan Kuwait Investment Company Private Limited (PKIC), a leading development financial institution in Pakistan, has entered into a strategic alliance agreement worth $750 million with Enertech Holding Company KSC (Enertech), a subsidiary of Kuwait Investment Authority. The objective is to collaborate and jointly explore investment opportunities and business potential primarily within Pakistan. Embarking on this…
FPCCI demands incentives for businesses to remain competitive
The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) on Monday urged the government to tangibly incentivize and subsidize industrialization, import substitution, exploration of new import markets for competitive imports, IT exports and facilitate small and medium enterprises in the export-oriented industries for the near-term gains. FPCCI President Irfan Iqbal Sheikh, in a statement,…
PM stresses simplified banking system to facilitate consumers
Prime Minister Shahbaz Sharif on Monday stressed simplifying the process of the banking system and making it easier in order to facilitate consumers. The prime minister stated this in a meeting with Finance Minister Miftah Ismail, which was also attended by President Habib Bank Muhammad Aurangzeb, Chief Secretary Punjab, and other senior officials. PM Sharif…