Savings in Pakistan preferred as “Cash at Home”

Savings in Pakistan

As many as 50 per cent of the emerging affluent people prefer savings in Pakistan to be cash at home as opposed to only 15pc Indians belonging to the same segment of society. According to a study carried out in eight countries by Standard Chartered Bank (SCB) along with independent research agency GlobeScan, the preference for keeping cash at home stems More...

by Faiza Malik | Published 1 day ago
Regional distribution hub of Alibaba
By Zonaira Chaudry On Tuesday, March 21st, 2017
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Regional distribution hub of Alibaba to launch in Malaysia

Chinese e-commerce giant Alibaba Group Holding Limited plans to set up a regional distribution hub of Alibaba in Malaysia to cater to its fast-growing business in the region. The hub would be sited within KLIA Aeropolis, More...

restriction on import of Pakistans kinnow
By Zonaira Chaudry On Thursday, March 2nd, 2017
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No more restriction on import of Pakistans kinnow in Iran

Acknowledging Iran’s decision to lift the restriction on import of Pakistans kinnow (orange), the country’s fruit exporters have urged a permanent solution to the issue so that the two countries can increase More...

Mari Petroleum
By Zonaira Chaudry On Monday, February 20th, 2017
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Mari Petroleum Makes Second Consecutive Gas Discovery in Ghotki

Mari Petroleum Company Limited (MPCL) has discovered gas deposits in the Ghotki district of Sindh. In a notification sent to the Pakistan Stock Exchange, company secretary Assad Rabbani said that the gas was discovered More...

Fauji Cement
By Zonaira Chaudry On Monday, February 20th, 2017
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Fauji Cement Profit Goes Down in Second Quarter of 2016

In a notice sent to the Pakistan Stock Exchange (PSX), Fauji Cement Com pnay Limited (FCCL) reported a profit of Rs. 694 million in the second quarter ending on December 31, 2016. Fauji Cement Profit has gone down More...

Fauji Cement earns profit
By Zonaira Chaudry On Thursday, February 16th, 2017
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Fauji Cement earns profit of Rs. 694 million

Corporate results shows that Fauji Cement earns profit, the Fauji Cement Company Limited (FCCL) posted a net profit of Rs694 million in the second quarter ended December 31, down by a massive 58% compared with Rs1.67 More...

first bus service of Pakistan to list in Stock Exchange
By Zonaira Chaudry On Monday, February 6th, 2017
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Daewoo becomes first bus service of Pakistan to list in Stock Exchange

It’s not just Chinese companies that are looking to cash in on the investment opportunity Pakistan presents. The China-Pakistan Economic Corridor (CPEC) that envisages over $55 billion in loans and investments More...

Serene Air domestic flights
By Zonaira Chaudry On Tuesday, January 31st, 2017
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Serene Air domestic flights begins operations

A private airline Serene Air domestic flights operation has started in Pakistan. At the time of flying of the first flight ER-503 Boeing 737-800 the Chief Operating Officer (COO) of the airline, a retired Air Commodore, More...

Companies Bill 2016
By Zonaira Chaudry On Saturday, January 28th, 2017
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National Assembly committee approves Companies Bill 2016

The National Assembly’s Standing Committee on Finance approved Companies Bill 2016 after an outrageous debate session. Officials were asked technical questions to which they did not have answers. Key committee More...

Pakistan Stock Exchange new record
By Zonaira Chaudry On Saturday, January 28th, 2017
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Pakistan Stock Exchange new record – closes above 50,000 and hits record Rs10tr

After failed attempts in the previous two sessions to settle above 50,000 points, the KSE-100 index finally managed to accomplish the feat for the first time and Pakistan Stock exchange new record was made. The More...