Economy

HBL Declares Profit of Rs. 27 Billion in First 9 Months of 2021

The Board of Directors of HBL has announced the financial results for the nine months period that ended on September 30, 2021.HBL today declared a consolidated Profit after tax of Rs. 27.0 billion, up by 7% as compared to Rs. 25.27 billion recorded in …

Economy

SBP Orders Banks to Digitize Corporate Payments

The State Bank of Pakistan (SBP) has made it mandatory for the entities it regulates, including banks, microfinance banks, payment system operators, and payment system providers, to provide digital means of payments to their corporate clients to enable…

Economy

Finance Minister Invites US Companies to Invest in Special Economic Zones

Federal Minister for Finance and Revenue, Shaukat Tarin, has stated that the government is firmly committed to all-inclusive and sustainable economic growth with a key focus on a ‘bottom-up approach as envisaged by Prime Minister Imran Khan.Addressing …

Economy

Senate Panel Discusses Hurdles in Privatizing Convention Center & Other Buildings

A plethora of issues and hurdles have slowed down the process of privatizing the Jinnah Convention Center, Islamabad, the Services International Hotel, Lahore, and other state entities and buildings.This was revealed during a meeting of the Senate Stan…

Economy

OGDCL Appoints Khalid Siraj Subhani As Acting CEO

Syed Khalid Siraj Subhani has been given the acting charge of Managing Director (MD) and Chief Executive Officer (CEO) of the Oil and Gas Development Company Limited (OGDCL), following the resignation of Shahid Salim Khan who served the organization fo…

Economy

EU Holds Business Forum to Enhance Pakistani SMEs Access to European Markets

The European Union (EU) organized the EU Pakistan Business Forum for Small and Medium Enterprises (SME) on Wednesday as a part of its efforts to support Pakistani SMEs to access opportunities in the European Single Market and maximize the benefit of GS…