Total number of registered companies increases to 99,291: SECP

ISLAMABAD: The total number of registered companies has increased to 99,291 by end of April 2019, Securities and Exchange Commission of Pakistan (SECP) said on Friday. Read more »

Immediate reduction up to 75 percent in drug prices announced

ISLAMABAD: The federal government has announced immediate reduction in prices of drugs up to 75 percent, which were increased since December 2018. Read more »

FBR imposes ban on transfers and postings

ISLAMABAD: Federal Board of Revenue (FBR) on Friday imposed ban on postings and transfers with immediate effect till June 30, 2019. Read more »

Equity market plunges by 425 points on selling

KARACHI: The equity market plunged by 425 points on Friday owing to across the board selling. Read more »

IMF, Planning Commission discuss CPEC, PSDP

ISLAMABAD: Ernesto Rigo IMF Mission Chief called on Secretary Planning, Development and Reform Zafar Hasan to discuss Public Sector Development Program (PSDP), China Pakistan Economic Corridor (CPEC) and other aspects of planning... Read more »

Meezan Bank, CDC sign agreement to launch share custody services

KARACHI: Meezan Bank – Pakistan’s leading Islamic bank, and Central Depository Company (CDC) signed an agreement to launch shares custody services, a statement said on Friday. Read more »

Banking timings during Ramazan-ul-Mubarak announced

KARACHI: State Bank of Pakistan (SBP) on Friday announced banking timings during holy month of Ramazan-ul-Mubarak. Read more »

Banks to remain close on 1st Ramazan

KARACHI: State Bank of Pakistan (SBP) on Friday said that it will remain closed for public dealing on 1st Ramadan-ul-Mubarak 1440 A.H., which will be observed as Bank Holiday for deduction of... Read more »

Rupee weakens on scheduled bank holiday

KARACHI: The Pak Rupee fell by three paisas against dollar on Friday due to high demand for advance import payments and expected closure of banks on next Monday for deduction of Zakat. Read more »

Nisab of Zakat fixed at Rs44,415 for deduction from bank accounts

KARACHI: The government has set ‘Nisab of Zakat’ at Rs44,415 for Zakat Year 1439-40 AH for deduction from bank accounts, said a statement issued by State Bank of Pakistan (SBP) on Friday. Read more »

FBR updates procedure for mobile device registration

ISLAMABAD: Device Identification Registration and Blocking System (DIRBS) is a system designed to identify non-compliant devices operating on local mobile networks. Read more »