SBP Finally Allows Insurance Companies to Issue Dollar Denominated Policies

The State Bank of Pakistan (SBP) has decided to allow resident insurance companies to issue US Dollar denominated insurance policies to meet...

Pakistan’s Fiscal Deficit for Current Quarter Drops to A 10 Year...

The hardships and uncertainties faced by the economy of Pakistan have always been hair-raising but it has always managed to stand-up again,...

Sony Posts Profits But Its Mobile Division Continues to Struggle

Sony’s dwindling smartphone business is nothing new, the company has been suffering losses for a long time now. In the latest development,...

SBP to Introduce Asaan Mobile Account Scheme in January 2018

The government is planning to launch the Asaan Mobile Account (AMA) Scheme in January 2018 to allow anyone with a basic mobile...

Dollar Shortage in Markets Expected After State Bank’s Latest Decision

The regulations issued by the State Bank of Pakistan (SBP) are likely to create a shortage of dollar bills in the open...

SECP Warns Life Insurance Companies to Comply with Money Laundering Rules

The Insurance Division carried out thematic review of the implementation of SRO 20(I)/2012 dated January 11, 2012, requiring insurers to develop detailed...

Roomi raises $11 million to find you a roommate

Looking for a roommate on Craigslist can be cumbersome. And it can be difficult to determine what the...

Engro Foods’ Profits Drop By a Staggering 85%

Engro Foods Limited has posted a profit of Rs. 385 million, down by 85% in the first 9 months ended 2017 ,compared...

Govt Has Borrowed $7.9 Billion from Foreign Banks Since June 2013

The government has procured $7.9 billion commercial loans from foreign banks from June 2013 to date at a considerably high interest rate, ranging...