Pakistan has taken a $300 million commercial loan at interest rates ranging from 7.2% to 7.7% - the first new non-Chinese financing facility in years, which will help meet external financing requirements of the International Monetary Fund (IMF) programme. Government sources said that the country had taken a foreign source-based loan from United Bank Limited (UBL). The bank has arranged the faci
Equities fell like ninepins on heightened nervousness amid rising political noise and missile programme-related US sanctions on Pakistani companies, sending investors rushing off to dump stocks and book profit for the third straight session on Thursday, inflicting an unprecedented single-day loss to the benchmark KSE 100 index. In contrast to the global market performance, the local bourse witn
The FBR will have authority to impose restrictions on unregistered individuals. Unregistered persons may face bans on operating bank accounts, transferring immovable property or running businesses. Banking transactions for unregistered persons will be restricted. High-risk individuals’ banking and tax data will be shared. Restrictions will apply to vehicle purchase, registration and bo
IF you are fond of technology but not all that savvy about understanding its technical specifications then we have something in common. Do you get confused when deciding what your next mobile device will be? What factors influence your decision at the right time to replace your car, and what factors do you keep in mind when deciding which car to buy next? Do you have a solar generation system at h
Meezan Bank denied a “data breach” on Thursday after reports of many customers who faced unauthorised transactions from their debit and credit cards circulated on social media. Over the past week, many social media users reported incidents of unauthorised transactions from their bank accounts. They said large sums of money were transferred from their debit cards without their knowledge. Some cl