SBP spikes profit rate on saving accounts

SBP spikes profit rate on saving accounts

Pakistan - On Monday, the State Bank of Pakistan (SBP) Announced that the profit rate on savings accounts would be spiked by 1.5 pc to a minimum of 7.25 pc by Dec 1. In case

Android users must refrain from using third-party apps, here’s why

Android users must refrain from using third-party apps, here’s why

Pakistan - According to various media reports New spyware sits on Android-based smartphones, having the ability to control a device remotely. Even though malware-infested applications have been common recently, the latest one named PhoneSpy has

Pakistan finally gains IMF’s nod

Pakistan finally gains IMF’s nod

Pakistan - Pakistan and the International Monetary Fund (IMF) have reached a staff-level agreement on reforms and policies needed to proceed with the sixth review of the economy. The $6 billion Extended Fund Facility (EFF)

You can use desktop WhatsApp without mobile phone connectivity

You can use desktop WhatsApp without mobile phone connectivity

Pakistan - WhatsApp Has long been working on a desktop app for Windows, which evidently is independent of a mobile phone. However, earlier today, the Meta company has launched its beta version that is now

Pakistan’s IT industry continues to impress

Pakistan’s IT industry continues to impress

Pakistan - Pakistan IT Industry About a month back, it was reported that Pakistan’s IT and IT-enabled services exports increased by 42% to $635 million in the first three months of the fiscal year 2021-22.

FBR ordered to probe unique tax scam

FBR ordered to probe unique tax scam

Pakistan - Dr Asif Mahmood Jah - the Federal Tax Ombudsman - has unearthed a unique oscam involving tax officials. According to details, the tax officials asked for account holders' information from various banks by

Rice exports: Where’s Pakistan headed to?

Rice exports: Where’s Pakistan headed to?

Pakistan - Pakistan’s rice exports showed a comeback during Q1-FY22, rising against a low base from the corresponding period last year - owing to the Covid-19 pandemic. However, rice exports are still struggling to get

SBP’s latest report reveals loopholes in our economic system

SBP’s latest report reveals loopholes in our economic system

Pakistan - Islamabad has paid over Rs26 billion to China in interest for putting a $4.5 billion Chinese trade finance facility into use. The State Bank of Pakistan (SBP) laid forth its annual financial statement,

In a major rebrand, Facebook paints a ‘Meta’ picture

In a major rebrand, Facebook paints a ‘Meta’ picture

USA - Facebook, in what appears to be a major rebrand, has changed its name to Meta. At the Connect 2021 event today (Friday), CEO Mark Zuckerberg introduced Meta - bringing together technologies and apps

Stocks rally, rupee rebounds as Saudi Arabia announces support package

Stocks rally, rupee rebounds as Saudi Arabia announces support package

Saudi Arabia - The rupee bounced back to gain Rs2.5 against the US dollar, on Wednesday, in the interbank market - closing the trade at Rs172.78. According to experts, the Pakistani currency gained strength after