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Economy

EduFi Gets NBFC License to Offer Easy Loans to Students

In a momentous development, EduFi Financial Services Private Limited, a pioneering education lending FinTech company, has been granted its Non-Banking Financial Company (NBFC) license by

Economy

Minister of Industries Vows to Increase Livestock Exports From Pakistan

Federal Minister of Industries and Production and National Food Security Rana Tanveer Hussain has said the government is committed to increasing the export of livestock

Economy

Gold Price in Pakistan Rises Slightly After Massive Decline in Previous Two Days

The price of gold in Pakistan rose slightly on Wednesday after losing over Rs. 11,000 per tola in the previous two days. According to data

Economy

Pakistan Wants $3.5 Billion Loan From Saudi Arabia for Diamer Bhasha Dam

Pakistan has formally requested $3.5 billion funds from Saudi Arabia for the Diamer-Bhasha Dam. Saudis will respond to this request after consulting with their financial

Economy

MCB Bank to Convert 39 Branches Into Islamic Banking Entities

MCB Bank Limited (PSX: MCB) has approved the Scheme of Compromises, Arrangements and Reconstruction for converting 39 branches into Islamic banking entities, the bank informed

Economy

Bad Loans Rise Sharply Over Rs. 1 Trillion in 2023

Non-performing loans (NPLs) disbursed by the banking industry surged by more than Rs. 70 billion in 2023, the latest data by the State Bank of

Economy

Govt Requests World Bank to Restructure $400 Million Education Project

The government has requested the World Bank for restructuring of Higher Education Development in Pakistan (HEDP) project of worth $400 million for third time to

Economy

Allied Bank Posts 51% Profit Growth in First 3 Months of 2024

Allied Bank Limited (PSX: ABL) announced earnings (PAT) today for 1QCY24 at Rs. 11.6 billion, depicting an increase of 51 percent YoY, however down 5

Economy

NEPRA Approves KE’s 7-Year Investment Roadmap

The National Electric Power Regulatory Authority (NEPRA) has given decision on the utility's Transmission and Distribution Investment Plan till FY2030 which will catalyze the company's

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