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  • Day: April 8, 2024

UAE’s AD Ports Group Ready to Invest $220 Million in Container Terminal

April 8, 2024

Karachi Port Trust (KPT) and AD Ports Group signed a 50-year concession agreement for a container terminal at East Wharf, Karachi Port in June 2023.

This follows the signing of a 25-year concession agreement for a bulk and general cargo terminal at …

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Pakistan, Saudi Arabia Vow to Expedite $5 Billion Investment Package

April 8, 2024

Pakistan and Saudi Arabia have affirmed their commitment to expediting the first wave of an investment package worth $5 billion which was discussed previously.

Prime Minister Shehbaz Sharif and Prince Mohammed bin Salman bin Abdulaziz Al Saud, the C…

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Pakistan, Saudi Arabia Vow to Expedite $5 Billion Investment Package

April 8, 2024

Pakistan and Saudi Arabia have affirmed their commitment to expediting the first wave of an investment package worth $5 billion which was discussed previously.

Prime Minister Shehbaz Sharif and Prince Mohammed bin Salman bin Abdulaziz Al Saud, the C…

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easypaisa Embraces the Spirit of Eid with ‘eidipaisa’

April 8, 2024

easypaisa, Pakistan’s leading digital financial services platform has embraced the spirit of Eid ul Fitr, ensuring that its users continue to send and receive Eidi in a hassle-free manner.

With its flagship eidipaisa campaign titled ‘Aap ki eidi Aap…

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SBP Launches BISP Sahulat Account for Over 9 Million Beneficiaries

April 8, 2024

The State Bank of Pakistan (SBP) has rolled out a facilitation framework for BISP Beneficiaries for crediting financial assistance directly into their bank accounts.

Under the framework, about 9.3 million BISP beneficiaries will be able to open a ‘B…

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Remittances Surge to 23-Month High as Overseas Pakistanis Send More Money Due to Ramadan, Eid

April 8, 2024

Remittances sent by overseas Pakistanis surged by over 30 percent to $2.95 billion in March 2024 compared to inflows of $2.25 billion registered in the previous month.

On a year-on-year basis, the remittances in March 2024 were 16 percent higher com…

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Branchless Banking Transactions Cross 1-Billion Mark in Single Quarter For the First Time

April 8, 2024

Branchless banking (BB) transactions have crossed the 1 billion mark in a single quarter for the first time ever, according to the latest number released by the State Bank of Pakistan (SBP).

Among these, bill payments and mobile top-ups account for …

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Rupee Downfall Continues 4th Day in a Row Against US Dollar

April 8, 2024

The Pakistani rupee fell further 4th day in a row against the US Dollar after opening trade at 280 in the interbank market.

It was bearish against the greenback today.

The interbank rate stayed at 278 most of the day before closing at the 277 level…

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