Kamran Kamal Takes Charge of HUBCO
Hubco – Pakistan’s largest independent power producer (IPP) – has announced the appointment of Kamran Kamal as its new CEO.Kamran has succeeded Khalid Mansoor, who led the company for eight years. Kamran has already been a part of Hubco for the past si…
IHC Orders to Dismiss National Bank’s President and Chairman BoD
The Islamabad High Court (IHC) has issued orders for the removal of the National Bank of Pakistan (NBP) President, Arif Usmani, and the bank’s Chairman Board of Directors (BoD), Zubair Soomro.The IHC ordered the government to remove the two officials w…
Pakistani Fintech Startup Creditfix Secures Seed Funding by Insitor Partners
Pakistani Fintech startup Creditfix has announced that it has secured an undisclosed amount of seed funding in a round led by the venture capital fund, Insitor Partners Pte. Ltd.The Singapore-based impact investment firm confirmed this as their inaugur…
Pakistan Halal Authority Set to Tap Trillion Dollar Halal Food Market
Federal Minister for Science and Technology, Shibli Faraz, has said that Pakistan Halal Authority can make Pakistan an active player in the trillion-dollar halal food market through its effective implementation regime.He highlighted that Pakistan has a…
Rupee Gains Big Against the US Dollar With 6.25% Improvement in FY21
The Pakistani Rupee (PKR) has improved by Rs. 10.51 or 6.25% against the US Dollar during the current fiscal year (FY2020-21).According to the financial analytics platform Capital Stake, the PKR has improved 6.25 percent against the US Dollar year-to-d…
FBR Tightens Conditions for Exporters Evading Duties and Taxes
The Federal Board of Revenue (FBR) has tightened conditions, from July 1, 2021, for the exporters, who are availing the scheme of “temporary importation of goods for subsequent exportation” without payment of duties and taxes.The Federal Board of Reven…