The Overseas Investors Chamber of Commerce and Industry (OICCI) members have appreciated the significant improvement in the FX remittance processing time and growing engagement of the State Bank of Pakistan leadership with the key stakeholders.OICCI re…

United Bank Limited (UBL) continues to scale back its international operations as part of its global realignment strategy in phases, and now plans to voluntarily wind up its wholly-owned subsidiary UBL (Switzerland) AG.This decision is in line with UBL…

The Competition Commission of Pakistan (CCP) has concluded an inquiry in the dairy sector, which has found the prima facie involvement of three leading dairy associations in cartelization and price-fixing of milk in the country’s largest metropolitan, …

Federal Minister for Finance and Revenue, Mr. Shaukat Tarin, presided over a meeting of the National Price Monitoring Committee (NPMC) held at the Finance Division.He briefed the participants of the meeting that Prime Minister is determined to bring ea…

The National Assembly has passed a legal amendment bill, ‘Financial Institutions (Secured Transactions) (Amendment) Bill, 2020,’ to improve access to loans for small and medium enterprises (SMEs).For now, SMEs have access to less than 10 percent of pri…

The Punjab government presented the budget for the fiscal year 2021-22 with an estimated outlay of Rs. 2.653 trillion, including an Annual Development Program (ADP) worth Rs. 560 billion.The budget session was held in the newly-constructed building of …