Daily Archives: January 26, 2021

NBP Decides to Shut Down Several Branches in Different Countries

The management of the National Bank of Pakistan (NBP) has decided to shut down several foreign branches in different countries. Seven overseas franchises are already in the process of being closed, and the bank’s position on another seven branches will

FFBL Reports Profit of Rs. 6.03 Billion in 2020

The company had reported a net loss of Rs. 8.37 billion for the calendar year 2019. During the 4Q2020, the company booked unconsolidated profits of Rs. 3.09 compared to a loss of Rs. 3.50 billion during 2019. For 2020, the

Govt Decides to Revive Pakistan Steel Mills

The Federal Minister for Privatization, Mohammed Mian Soomro, and the Federal Minister for Industries and Production, Hammad Azhar, co-chaired an important meeting to review and discuss the progress made in the revival of the Pakistan Steel Mills (PSM). The revival

Governor invites investors from Iran, Iraq to explore investments opportunities in Sindh

Iranian Consul General Ahmad Mohammadi called on Governor Sindh Imran Ismail at Governors House in Karachi. Issues of bilateral interest were discussed on the occasion. Speaking on the occasion, Governor Sindh said better investment opportunities are available for both countries.

KP CM directs to present PC-1 of mega projects in PSDP

Chief Minister Khyber Pakhtunkhwa Mahmood Khan directed the concerned department to present PC-1 of mega developmental projects in Public Sector Development Programme (PSDP) on emergent bases. Presiding over a meeting in Peshawar, he said the projects will be sent to

Sindh Cabinet approves grant of over Rs4mn for rain affectees

Sindh Cabinet in its meeting held under Sindh Chief Minister Syed Murad Ali Shah in Karachi today (Tuesday) approved the grant of over four million rupees for the rain affectees of year 2020 in the province. The amount will be

WB to invest $2bln in various sectors of Province: Firdous

Special Assistant to the Punjab Chief Minister on Information Dr. Firdous Ashiq Awan has said that the World Bank will invest two billion dollars in various sectors of the Province. Addressing a press conference in Lahore today (Tuesday), she said

Pakistan Cutosms playing important role in curbing smuggling: Sarwar

Punjab Governor Chaudhry Muhammad Sarwar has said that Pakistan Cutosms is playing an important role in curbing smuggling. Addressing a ceremony held in connection with International Customs Day in Lahore today (Tuesday), he said that all the institutions are working

Sindh Cabinet approves a grant of over Rs4mln for rain affectees

Sindh Cabinet has approved a grant of over four million rupees for the previous year’s rain affectees in the province. The approval was given at the provincial cabinet meeting in Karachi on Tuesday, with Chief Minister Syed Murad Ali Shah

GB has great potential for development of tourism, minerals & agri sectors: President

President Dr Arif Alvi says the government is taking steps to put all parts of the country on path of rapid development and prosperity. He was presiding over a briefing session of members of Gilgit Baltistan cabinet in Gilgit today