Daily Archives: January 19, 2021

Board Meeting other than Financial Result of Ibrahim Fibres Limited

Karachi, Ibrahim Fibres Limited informed Pakistan Stock Exchange that board of directors meeting of the company will be held on January 27, 2021 at Lahore to consider the appointment of CEO and Chairman, to confirm the Composition of the Board,

Madison Realty Capital Provides $53 Million Construction Financing to Heritage Equity Partners for Multifamily Development in Brooklyn

NEW YORK, Jan. 19, 2021 (GLOBE NEWSWIRE) — Madison Realty Capital, a New York City based real estate private equity firm focused on debt and equity investment strategies, today announced it has provided $53 million in construction financing to Heritage

FDI to Pakistan Falls by 29 Percent in July to December 2020

Foreign Direct Investment (FDI) to Pakistan decreased by 29 percent during the first half of the fiscal year 2020-21 (July to December 2020), central bank data showed on Tuesday. According to the State Bank of Pakistan (SBP), Pakistan was only

3G, 4G Users Reach 90.5 Million in Pakistan

The number of 3G and 4G users in Pakistan reached 90.5 million by the end of December 2020 compared to 88.8 million by the end of November, Pakistan Telecommunication Authority (PTA) data showed. This is an increase of 1.7 million

Balochistan Gets Its First Investment Policy for Socio-Economic Development

A first-of-its-kind investment policy has been introduced in Balochistan to attract investments in various spectrums of socio-economic development. The Chief Executive Officer of the Balochistan Board of Investment and Trade, Farman Zarkoon, said in a statement on Monday that the

Rupee Loses Ground Against All Major Currencies

Pakistani Rupee lost 8 paisas against the US Dollar in the interbank currency market on Tuesday. This comes after a h19 paisa loss for PKR against the greenback on the opening day of the week. PKR closed at Rs. 160.60

Sheikh for streamlining daily release of wheat to ensure steady supply in provinces

Minister for Finance and Revenue, Dr Abdul Hafeez Sheikh has directed the provincial governments to follow a self-sustaining model and streamline daily release of wheat to ensure steady supply in the provinces. Chairing the meeting of the National Price Monitoring

Pakistan is one of the largest potential e-commerce markets: Dawood

Adviser to Prime Minister on Commerce and Investment, Abdul Razak Dawood says Pakistan is one of the largest potential e-commerce markets in the world. In a tweet on his official twitter account, he appreciated the e-commerce promoter ‘Bazaar Technologies’ on