| 2021 | January | 4

  • Credit Card Users Decline Due to COVID-19

    The number of credit cards’ base and its utility witnessed a decreasing trend among customers despite the reduction in mark-up rates. According to the State Bank of Pakistan (SBP), the number of credit cards declined to 1.63 million in the first quarter of the financial year 2020-21 (July to September) against the previous quarters in…

    Read More
  • NAB Has Recovered More Money in 3 Years Than It Did in 2 Decades

    The National Accountability Bureau (NAB) released its three-year performance report on Sunday, showing a recovery of Rs. 487 billion. However, the report showed that since its formation in 1999, NAB recovered Rs. 714 billion with an overall conviction ratio of 68.8 percent. Of the Rs. 487 billion recovered in the last three years, Rawalpindi NAB…

    Read More
  • Investigation Exposes Corruption Worth Trillions in Sindh’s Pension Funds

    A recent high-level investigation of Sindh’s Finance Department has revealed corruption involving Rs. 2.031 trillion that has been attributed to heavy misappropriation of the pension kitty by the Sindh Treasury. A detailed review of the investigation has revealed implicating evidence against the Finance Department that will undergo another probe by the National Accountability Bureau (NAB)….

    Read More

Advertisement

Archives

Calendar

January 2021
M T W T F S S
 123
45678910
11121314151617
18192021222324
25262728293031

About Us

Yes, it is true that the Business Observer does what its name reveals, means covering the news from all the industries, which are putting their efforts into accelerating the economy of Pakistan. The website is the trustworthy business news website and its name is taken among those business websites of Pakistan.

Monthly Archives