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BUSINESS
FBR loses steam, misses revenue collection target of July-March miserably
ISLAMABAD : March 31,2023:. The Federal Board of Revenue (FBR) has failed to achieve revenue target of Rs 5460 billion in the first nine months of the current fiscal year .
According to the data made Available to NEWSMAN , FBR could…
NdcTech modernizes core banking platform for Samba Bank to hyper scale operations, drive business…
ISLAMABAD- March 28, 2023: NdcTech, a premium technology services firm transforming banks and financial institutions globally has successfully modernized the core banking system of Samba Bank onto the latest release of Temenos Transact.…
SBP withdraws cash margin restrictions on imports
KARACHI: March 25,2023: The State Bank of Pakistan (SBP) has taken a bold step and withdrawn cash margin restrictions on imports.
In a directive issued to the
Presidents/Chief Executive Officers
of the banks SBP has said refer to…
Bank ABC partners with Temenos, NdcTech for next generation.core banking system
ISLAMABAD: : March 22:2023:
Bank ABC, one of MENA’s leading international banks, has signed agreements with Temenos and NdcTech to replace its core banking systems for its retail, corporate and wholesale businesses and power its…
OGRA grants Mehar Group’s M/s Echo Oil (Pvt) Ltd license to operate as OMC in Punjab
ISLAMABAD: The Oil and Gas Regulatory Authority (OGRA) has granted M/s Echo Oil (Pvt) Limited a license to operate as an oil marketing company (OMC) and allowed it to setup 97 outlets in Punjab in the first phase.
OGRA issued grant to M/s…
ECC fixes Rs 8500/40 kg CIP for cotton for current season
ISLAMABAD: March 14, 2023: Federal Minister for Finance and Revenue Senator Mohammad Ishaq Dar presided over the meeting of the Economic Coordination Committee (ECC) of the Cabinet, today.
Federal Minister for Industries and Production…
APFDA calls -off strike after Punjab govt reverses harsh conditions for sale of urea
LAHORE : March 7, 2023: After successful negotiations with the authorities , the All Pakistan Fertilizer Dealers Association (APFDA) has called off strike and resumed the sale of urea and other fertilizers in the Punjab forthwith.
While…
SBP governor calls on Senate Chairman
Islamabad, March 6, 2023:-Governor of State Bank of Pakistan, Mr. Jameel Ahmad, met with the Chairman Senate, Muhammad Sadiq Sanjrani, and discussed matters of mutual interest, specifically the economic situation of the country and the…
APFDA scheduled to meet chief secretary Punjab today as fertilizer dealers strike enters in second…
LAHORE : March ,6,2023: As strike of the fertilizer dealers enters in the second week All Pakistan Fertilizer Dealers Association (APFDA) is meeting with the Chief Secretary Punjab and his team today to present its demands to end the…
SBP makes killer move, pushes interest rate to all time high in Pakistan’s history
KARACHI : March 2, 2023: To give a big opportunity to the banks to make more and more profit at the cost of national economic soverignity and show absolute surrender to the International Monetary Fund (IMF), the State Bank of Pakistan (SBP)…