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President directs insurance company to refund Rs100,000 with profit
ISLAMABAD: President Dr Arif Alvi has directed EFU Life Assurance Ltd to refund Rs 100,000 along with profit to poor lady who had been misled to obtain insurance policy. According to press release issued by President House Press Wing, Zubaida Begum h...
FPCCI, Scottish chamber to work in tandem
Karachi: Atif Ikram Sheikh President FPCCI apprised that FPCCI and Scottish Chambers of Commerce (SCC) will tangibly enhance their cooperation to promote trade, investments, joint ventures and broader economic relations. He reiterated fact that Pakis...
US redefining bilateral relations with Pakistan: US economic envoy
KARACHI: Shelley Saxen Political and Economic Chief of US Consulate General said that US-Pakistan bilateral relationship is strong and continues to expand and our interest is in helping Pakistan grow its economy. She added that private sector must be...
Gold price drops by Rs300 per tola in Pakistan
Gold prices in Pakistan witnessed a decline on Wednesday, aligning with the global decrease in rates. The cost of the yellow metal per tola stood at Rs216,100 after a reduction of Rs300 during the day. The 10-gram gold rate also saw a drop, selling a...
NDRMF, IRC Pakistan emerge as strategic partners for shaping resilience
Islamabad: In an attempt to address challenges of disaster risks and vulnerability faced by Pakistan, National Disaster Risk Management Fund (NDRMF) and International Rescue Committee (IRC) have solidified their commitment for enhancing resilience in...
PTCL Group, TPL Trakker join hands for provision of ICT services
Karachi: PTCL Group (PTCL and Ufone 4G) and TPL Trakker have renewed their partnership for continued provision of state-of-the-art machine to machine (M2M) and ICT services to TPL Trakker under PTCL Group Business Solutions. Group Chief Business Solu...
Govt establishes specialised tribunal for Pakistan’s telecom sector
Karachi: Interim government has established specialised tribunal i.e. Telecommunication Appellate Tribunal to resolve legal issues related to Pakistan’s telecom sector speedily. Caretaker Information Technology (IT) Minister Dr Umar Saif announ...
Pakistan’s bond rally may extend into 2024 contingent on another IMF bailout: Report
Karachi: Investors believe Pakistan’s dollar bonds will rally for second year as government is expected to secure another bailout from International Monetary Fund (IMF), reported Bloomberg. UBS Asset Management and William Blair Investment Mana...
LTO Karachi surpasses target of Rs1,221bn tax collection
KARACHI: Federal Board of Revenue (FBR) Large Taxpayer Office Karachi for first time crossed one trillion benchmark of half-yearly collection by incurring taxes amounting to Rs 1,221 billion during July to December 2023. In first six months of fiscal...
Continued growth: USD strengthens from previous day's advance
The US Dollar (USD) rose again on Wednesday after jumping the previous day, underpinned by elevated U.S. Treasury yields and a cautious turn that weighed on Wall Street. Trading was relatively subdued, with Japanese markets shut for a holiday and inv...
