SBP to set up centres of excellence in Islamic finance

KARACHI - The State Bank of Pakistan (SBP) held a signing ceremony for Financial Innovation Challenge Fund (FICF) Round 3 on Promoting Excellence in Islamic Finance in Pakistan under its Financial Inclusion Programme funded by the UK’s Department for International Development (DFID) funded. ...

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    LAHORE - All Pakistan Textile Processing Mills Association (APTPMA) vice chairman Kh Shahzad Nasir said that the Association fully supports the traders strike against unjustified taxes. He said that APTPMA will also join hands with the All Pakistan Textile Mills Association, announcing closure of ...

  • Exports of all major goods declined: PAF

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    KARACHI - Strongly refuting the Government claims in the media “that exports have increased” Muhammad Jawed Bilwani, Chairman, Pakistan Apparel Forum and Chief Coordinator, Value Added Textile Forum said this was really a wrong impression given to the people and is merely “wishful ...

  • Marketing companies demand open tender to re-allocate LPG quota

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    Lahore - The Pak-Arab Refinery Company (PARCO) is producing around 500 MT of LPG per day which was allocated to 16 marketing companies only. As the allocation agreements have been expired, the Refinery management, instead of calling open tenders, is trying to strike a deal quietly in the next ...

  • PSM staff eyeing China deal of taking over Steel Mills

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    KARACHI - PSM employees looking forward for China deal of taking over PSM as it looks the only possible way out to run the national asset.The visible consensus is that PSM is declared officially as a strategic unit so it cannot be privitised. However the current situation in this regard is that the ...

  • PAAPAM concerned over delay in tractor schemes

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    Lahore  - Punjab Government allocated Rs. Five billion to provide subsidy on 25,000 tractors, while the Sindh Government announced a subsidy on 29,089 tractors in the provincial budgets 2015-16. These announcements were hailed by Paapam members who have seen drop in tractor ...

  • Dollar takes strength

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    KARACHI - Dollar took strength against rupee in cash free market and traded at highest rate of Rs 103 on Thursday.According to the details provided by the Forex Association of Pakistan dollar traded at lowest rate of Rs 101.80 and highest rate of Rs 101.85 in interbank while it was traded at ...

  • Corporate Corner

    “Quality not Quantity” Huawei’s strategyLAHORE (PR): Huawei has always been focusing on quality not quantity with premium smart phone strategy and has frequently delivered such smart phones flagships which have been received by the customers with tremendous applause. Huawei has ...

  • All trade bodies back countrywide strike against WHT

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    Lahore As the traders have announced shutter down strike on first August (Saturday), besides closure of textile industry on Aug 7 by the APTMA, the All Pakistan Business Forum, All Pakistan Textile Processing Mills Association (APTPMA), Pakistan Textile Exporters Association (PTEA), All Pakistan ...