ISLAMABAD, Mar 18 (APP):The Securities and Exchange Commission of Pakistan (SECP) has issued guidelines to Non-banking Finance Companies (NBFCs) involved in digital lending to ensure best practices in advertisements and call centre management. The guidelines were designed to prioritize borrower protection and to prevent deceptive marketing and unethical call centre practices, said a news release… Continue reading SECP issues advertisements, call centre management guidelines for digital lenders
Category: Business
Business news from Pakistan
Current economic challenges can be tackled: Pasha
LAHORE, Mar 18 (APP):Former Federal Finance Minister Dr. Hafeez Pasha said on Monday that ongoing economic challenges can be tackled as the country had faced difficult economic condition in the past but handled carefully. He was addressing a conference on Medium Term Economic Outlook of Pakistan here at the Lahore Chamber of Commerce and Industry… Continue reading Current economic challenges can be tackled: Pasha
SBP keeps policy rate at 22 per cent with emphasis on continued fiscal consolidation
KARACHI, Mar 18 (APP):State Bank of Pakistan (SBP), on Monday, cautiously decided to keep policy rate at 22 per cent on pretext of elevated inflation expectations that required continuity of the current monetary stance to bring inflation down. The Monetary Policy Committee (MPC) also emphasized on timely realization of planned external inflows along with continued… Continue reading SBP keeps policy rate at 22 per cent with emphasis on continued fiscal consolidation
KATI for prioritizing industrial zones in development budget
KARACHI, Mar 18 (APP):President Korangi Association of Trade and Industry (KATI), Johar Qandhari, Monday, felicitated newly elected Sindh cabinet and emphasized need of prioritizing industrial zones while making allocation of development budget. The KATI President, in a statement issued here, expressed hope that incumbent cabinet will address challenges faced by the industrial sector and take… Continue reading KATI for prioritizing industrial zones in development budget
Gold rates decline by Rs.600 to Rs.226,900 per tola
ISLAMABAD, Mar 18 (APP):The per tola price of 24 karat gold decreased by Rs.600 and was sold at Rs.226,900 on Monday compared to its sale at Rs. 227,500 on last trading day. The price of 10 grams of 24 karat gold also decreased by Rs.515 to Rs.194,430 from Rs195,045 whereas the price of 10 gram… Continue reading Gold rates decline by Rs.600 to Rs.226,900 per tola
PSX gains 74 points
ISLAMABAD, Mar 18 (APP):The 100-index of the Pakistan Stock Exchange (PSX) witnessed bullish trend on Monday, gaining 74.04 points, a positive change of 0.11 percent, closing at 64,890.51 points against 64,816.47 points the previous trading day. A total of 211,758,341 shares valuing Rs.7.785 billion were traded during the day as compared to 259,373,019 shares valuing… Continue reading PSX gains 74 points
PHA to decide publicity-board tax issue in consultation with FCCI
FAISALABAD, Mar 18 (APP):Parks & Horticulture Authority (PHA) will decide the issue of publicity board tax in consultation with the Faisalabad Chamber of Commerce & Industry (FCCI), said PHA DG Zameer Hussain. Addressing the business representative from 8 bazaars and other important commercial centres of the city in a meeting at FCCI, he said the government intended to make… Continue reading PHA to decide publicity-board tax issue in consultation with FCCI
Shipping Activity at Port Qasim
KARACHI, Mar 18 (APP): Six ships namely, Wan Hai-316, Maersk Chicago, Meratus Jayakarta, Hafnia Shanghai, Bateleur and Elephanta, carrying Container, Gas oil, LPG and Coal, berthed at Container Terminal, FOTCO Terminal, Southern Gas Terminal and Pakistan International Bulk Terminal respectively on Sunday. Meanwhile four more ships, MSC Precision-V, Kotka, Pindos and Umm Bab scheduled to… Continue reading Shipping Activity at Port Qasim
KPT shipping movements report
KARACHI, Mar 18 (APP):Following were the Movements of Ships at Karachi Port Trust (KPT) during last 24 hours, ending at 0700 hours on Monday. SHIPS BERTHED: Onur G.AContainer Ship Eastern Camellia General Cargo M.T.MardanTanker Ank SkyMulti Purpose Kota NaluriContainer Ship Ince InebolliWheat APL SalalahContainer Ship SHIPS SAILED: Mindoro Star Olympia KMTC Dehli Ghousta Sounion Trader… Continue reading KPT shipping movements report
Rupee gains 11 paisa against dollar
Rupee gains 11 paisa against dollar
Kerb currency market
KARACHI, Mar 18 (APP):Following were the Opening Rates of foreign currencies in kerb market issued by the Exchange companies Association of Pakistan, here on Monday. F.C. BUYING SELLING INTER BANK 279.50 279.60 USD 278.70 281.45 EURO 301.70 304.70 GBP 352.95 355.45 JPY 1.84 1.94 AED75.65 76.40 SAR73.90 74.65 CAD 204.00 207.00 AUD 180.50 183.50
Food exports grew by 54.05% in 08 months, reached $4.969 bln
Food exports grew by 54.05% in 08 months, reached $4.969 bln
Pakistan earns $1,719 million from IT services’ export in 7 months
Pakistan earns $1,719 million from IT services’ export in 7 months
Currency rates of NBP
KARACHI, Mar 18 (APP): Following are the selling/buying rates of major currencies issued by the National Bank of Pakistan (NBP), here on Monday. CURRENCY SELLING BUYIN USD 281.99 275.91 GBP 359.09 351.31 EUR 307.03 300.95 JPY 1.8918 1.8509 SAR 75.19 73.57 AED 76.79 75.11
Exchange rates for currency notes
Exchange rates for currency notes
NBP exchange rates
NBP exchange rates
Foreign exchange rates
Foreign exchange rates
Technical varsities VCs meet Punjab industries minister
LAHORE, Mar 17 (APP):Provincial Minister for Industries and Commerce, Chaudhry Shafay Hussain has said that government would transform technical universities into real centers of promotion of technical education. He was talking to Vice Chancellors (VCs) of Technical universities, who called on him here at TEVTA Secretariat (Technical Education and Vocational Training Authority). The minister discussed… Continue reading Technical varsities VCs meet Punjab industries minister
‘Modern designs, trends crucial for furniture industry’
LAHORE, Mar 17 (APP):Modern designing and new trends in the furniture industry are essential for gaining a competitive edge, driving sales and profitability, enhancing brand image, embracing sustainability, leveraging technology, and expanding into international markets. Pakistan Furniture Council (PFC) Chief Executive Officer Mian Kashif Ashfaq stated this while talking to a delegation of women entrepreneurs… Continue reading ‘Modern designs, trends crucial for furniture industry’
Revolutionizing University Land Use: PIDE’s bold vision for commercial partnerships to enhance revenue
ISLAMABAD, Mar 17 (APP):The Pakistan Institute of Development Economics (PIDE), a Premier National Think Tank, has made public its investigative report titled “GORs Everywhere: University Land for Public Housing. “Authored by Nadeem Ul Haque, Vice Chancellor, Pakistan Institute of Development Economics (PIDE), M.Jehangir Khan, and Iram Nadeem, this study embarks on a critical analysis of… Continue reading Revolutionizing University Land Use: PIDE’s bold vision for commercial partnerships to enhance revenue