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BankIslami achieves 24pc growth in net profit for half year 2022

Karachi: BankIslami Pakistan Limited announced financial results for quarter ended June 30, 2022. For half year ended June 2022, Bank achieved 155 percent increase in its operating profit before provisions and reported Rs 4.1 billion as compared to R...

MNAs, MPAs to monitor rescue, rehabilitation operations across Sindh: CM Murad

KARACHI: Sindh Chief Minister  Murad Ali Shah Monday said that government has nominated MNAs and MPAs as focal persons in each district for immediate rescue/relief and rehabilitation of rain/flood affected people. Talking to media persons after...

Adamjee Insurance, Sehat Kahani sign deal for digital health services

KARACHI: Adamjee Insurance announced that it signed an agreement with Sehat Kahani a leading telemedicine platform aiming to provide health care (OPD) services as value added service to its existing and potential Health Insurance subscribers. Collabo...

Minister announces 200 units electricity cap for FCA exemption

KARACHI: Minister for Power Khurram Dastgir Khan explained that only households that consume electricity up to 200 units will be exempt from fuel charges adjustment (FCA). Addressing a press conference here he revealed that 17 million people are bein...

KATI announces Rs5mln for relief activities in Balochistan

KARACHI: Korangi Association of Trade and Industry (KATI) announced Rs 5 million for relief activities in flood-affected areas of Balochistan. In a statement issued here, Patron-in-Chief KATI SM Muneer and President Salman Aslam said after record rai...

Pakistan to receive $1.17b from IMF within 6-day after Board’s approval: SBP Chief

KARACHI: Pakistan is likely to receive a $ 1.17 billion loan tranche from International Monetary Fund (IMF) within six days after Executive Board’s approval, State Bank of Pakistan Acting Governor Murtaza Syed told Bloomberg TV. Executive Board...

SBP keeps interest rate unchanged at 15pc

KARACHI: In line with market expectations, State Bank of Pakistan (SBP) maintained status quo in interest rate at 15 percent highest since November 2008. Monetary policy committee (MPC) met under chair of Deputy Governor Syed Murtaza and reviewed eco...

TechX Pakistan, official coverage partner of 21st ITCN Asia Karachi

KARACHI: 21st ITCN Asia Karachi is a three-day technology exhibition and event with goal of using technology to create Pakistan’s future. TechX Pakistan will work with 21st ITCN Asia Karachi as their official coverage partner during event. ...

KWCCIM inks accords with ISB, RWP, LHR, Multan CCIs

KARACHI: Founder President of Karachi Women Chamber of Commerce and Industry Malir (KWCCIM), former VP Federation of Pakistan Chambers of Commerce and Industry Nazli Abid Nisar signed accords with Islamabad Chamber of Commerce and Industry, Rawalpind...

MoIT expands smart policing project-CASPP across country: IT Minister

Karachi: Minister for Information Technology and Telecommunication Syed Amin-ul-Haque said that MoITT is making a major change in decades old Policing system through its “Crime Analytics and Smart Policing in Pakistan (CASPP)” initiative....

NC Big Stories

Govt plans to cut electricity prices by up to Rs10 per unit

ISLAMABAD: Government has unveiled a revised plan to reduce the baseline power tariff by Rs 8 to Rs 10 per unit, quoting sources. The plan aims to address the issue of circular debt, which will be reduced through the reduction of the debt amount. Un...

Govt rejects proposal to exchange Dr. Aafia Siddiqui for Shakil Afridi

ISLAMABAD: Government told the Islamabad High Court (IHC) its position on the proposal to exchange Dr Aafia Siddiqui’s release for Shakil Afridi’s handover. According to reports, the government of Pakistan turned down the possibility of...

Mustafa Amir’s remains exhumed for DNA samples

KARACHI: Following the court orders, Sindh health department’s medical team exhumed body of Mustafa Amir for DNA samples. Mustafa Amir was kidnapped and allegedly murdered by his friends in Karachi’s Defence Housing Authority (DHA) on Jan...

Pakistan releases 22 Indian fishermen, begins repatriation process

KARACHI: Pakistani authorities have released 22 Indian fishermen from Karachi’s Malir Jail, beginning their repatriation process on Friday, as confirmed by a police official.   Arshad Shah, the superintendent of Malir Jail, confirmed that...
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