Airlift raises deliveries services with $10m investment

Airlift raises deliveries services with $10m investment

A local transport startup Airlift on Wednesday raised $10 million from Quiet Capital after the company said it plans to enter into the groceries delivery business.  “Today, we are announcing our $10m Series A-1 financing

Terrorists attack PSX compound all four gunmen killed

Terrorists attack PSX compound all four gunmen killed

Sindh Police, Pakistan Rangers and PSX security personnel on Monday foiled an attempt by Balochistan Liberation Army (BLA) terrorists to siege the Pakistan Stock Exchange compound. Four terrorists, driving a private car, attacked the PSX

Govt working to speed up CPEC projects: Adviser Hafeez Shaikh

Govt working to speed up CPEC projects: Adviser Hafeez Shaikh

Adviser to PM on Finance and Revenue Dr. Abdul Hafeez Shaikh on Friday said the government is working to expedite work on China-Pakistan Economic Corridor (CPEC) projects. “The government is taking several institutional steps to

SBP announces surprise 100 basis point rate cut

SBP announces surprise 100 basis point rate cut

The State Bank of Pakistan (SBP), in a surprise monetary policy committee (MPC) meeting on Thursday, cut the interest rate by 100 basis points to seven per cent.  Thursday’s cut is fifth in the last

$2.4bn Kohala Hydropower Project signed for 1,124MW

$2.4bn Kohala Hydropower Project signed for 1,124MW

After facing a delay of more than four years, the agreement to launch 1,100 MegaWatt Kohala Hydropower Project was signed between Pakistan and China on Thursday.  Taking to twitter, China-Pakistan Economic Corridor (CPEC) Chairman Asim

Dollar gains 58 paisas against Pakistani rupee

Dollar gains 58 paisas against Pakistani rupee

Pakistani rupee on Tuesday lost more than 58 paisas or 0.8 per cent in the interbank market to reach as low as Rs167 before settling at Rs166.50 against the dollar.  The exchange rate has been

Spanner in the works_ Prices have been Unstable

Spanner in the works_ Prices have been Unstable

Spanner in the works: In the absence of a social security network, PAKISTANIS distributes Zakat to support the weaker. Their religiosity, however, does not prohibit them from benefiting from Ramazan. There is a firm prohibition on

SBP fixes Nisab for Zakat deduction on bank accounts

SBP fixes Nisab for Zakat deduction on bank accounts

On Monday, the SBP fixes Nisab for Zakat deduction on bank accounts as the RS46329 for the current year to be nisab for Zakat, according to a declaration. SBP/ Handout through The News "No deduction of