Muslim Commercial Bank (MCB) has appointed Shoaib Mumtaz as Acting President and CEO. The man who has been associated with MCB for over 15 years will assume the charge on December 21, 2021.Currently working as SEVP – Group Head Wholesale &a…
The Pakistani Rupee (PKR) continued its historic decline against the US Dollar (USD) once again and depreciated by 64 paisas against the greenback in the interbank market today. It hit an intra-day low of Rs. 177.50 against the dollar during today’s op…
Fitch Ratings anticipates further interest-rate hike for Pakistan, stating the country is facing external pressure.The Hong Kong-based Fitch Ratings, in its latest report, “Fitch Ratings 2022 Outlook: Asia-Pacific Sovereigns”, stated that monetary poli…
Petrol stocks have risen to new historic highs with enough reserve to meet 26 days of consumption demand in the country, reported Express Tribune.This development comes as refineries have warned of impending shutdowns due to the Independent Power Produ…
Telecard Limited has disclosed that its subsidiary Supernet Limited has been awarded a contract of Rs. 100 million by the State Bank of Pakistan (SBP) for a project related to information technology and cyber security.According to a notification issued…
Country Director World Bank (WB) Najy Benhassine called on Chairman Federal Board of Revenue (FBR) Dr. Muhammad Ashfaq Ahmed at FBR Headquarters on Tuesday to review the implementation of the WB’s flagship program, Pakistan Raises Revenue (PRR).The Cou…