General Business News

Karachi: Commercial banks in Pakistan are under pressure to significantly increase their lending in the final quarter of the year. They must raise their Advance to Deposit Ratio (ADR) above 50% by December 2024 to circumvent an increased tax burden. T...

The post Commercial Banks Urged to Boost Lending by 31% to Sidestep Tax Hike appeared first on Pakistan Business News.

Islamabad: The National Database and Registration Authority (NADRA) has partnered with the Bank of Punjab (BOP) to launch an e-Payment Gateway and Acquiring Agreement, a significant move to boost digital payment infrastructure in Pakistan. This coll...

The post NADRA Partners with Bank of Punjab to Launch E-Payment Gateway for Enhanced Service Delivery appeared first on Pakistan Business News.

Karachi: Pakistan’s High Commissioner to the Maldives, Faisal Rasul Lodhi, emphasized the need for expanding trade between Pakistan and the Maldives, currently valued at around $8 to $9 million, by tapping into new business opportunities and fostering ...

The post Pakistan, Maldives Urged to Boost Low Trade Volume Amid Strategic Opportunities appeared first on Pakistan Business News.

Lahore: The Lahore Chamber of Commerce and Industry (LCCI) and the Punjab Information Technology Board (PITB) have entered into a Memorandum of Understanding (MoU) to launch an advanced job-matching and recruitment platform. This initiative, hosted at ...

The post LCCI and PITB Launch Job Portal to Enhance Employment Opportunities in Punjab appeared first on Pakistan Business News.

Karachi: Malik Khuda Bakhsh, a core committee member of the United Business Group (UBG) and convener of the FPCCI Central Standing Committee, has appealed to Pakistan’s top leadership, including the Prime Minister, the Finance Minister, and the Governo...

The post Business Leader Malik Khuda Bakhsh Calls for 4-5% Interest Rate Cut to Boost Trade appeared first on Pakistan Business News.

Karachi: VIS Credit Rating Company Limited (VIS) has reaffirmed the credit ratings of International Steel Limited (ISL) at 'A+/A1', indicating good credit quality and a strong likelihood of timely repayment for short-term obligations. The medium to lo...

The post VIS Maintains Stable Outlook on International Steel Limited’s Credit Ratings appeared first on Pakistan Business News.

Lausanne: In a groundbreaking development for the beverage packaging industry, Tetra Pak and Lactalis have introduced a new carton package that incorporates certified recycled polymers derived from used beverage cartons. This initiative represents a s...

The post Tetra Pak and Lactalis Launch Innovative Recycled Packaging for Beverage Cartons appeared first on Pakistan Business News.