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Ali Ahmed

JS Bank crosses $2.3bn in deposits
Business

JS Bank crosses $2.3bn in deposits

  • JS Bank has been recognized by the State Bank of Pakistan as the best performer under the Rozgar Refinance Scheme, a concessional credit scheme for SME’s that ensure zero job layoffs.
Published 06 Jul, 2020 03:41pm
First batch of Pakistan made ventilators handed over to NDMA
Business

First batch of Pakistan made ventilators handed over to NDMA

  • As per details, SafeVent SP 100 is FDA/CE approved economical and reliable ventilator. The National Radio and Telecommunication Corporation (NRTC) has already produced 15 units of SafeVent SP 100 and has a production capacity to manufacture 250 –300 units per month.
Published 06 Jul, 2020 02:10pm
Despite KE assurance, load shedding keeps Karachi in dark
Pakistan

Despite KE assurance, load shedding keeps Karachi in dark

  • The duration of load shedding in the city has increased from 7 to 10 hours due to which the citizens are facing difficulties in the ongoing hot weather.

  • The power outage in Karachi is rampant, while KE is reluctant to name the areas affected by the power outage and is anxious to discuss future plans.

Published 04 Jul, 2020 11:22am
Financial expert debunks Dar, Dagha allegations against SBP
Business

Financial expert debunks Dar, Dagha allegations against SBP

  • “Rs7 trillion bonds were sold a day before rate cuts.. on fixed rates! The way they are doing this debt profiling is the biggest scam in our country’s history,” alleged Dagha.

  • “This decision was based on the consideration that unrestrained borrowing from central bank is globally recognized as a bad practice which encourages fiscal indiscipline," says the expert.

Published 02 Jul, 2020 04:25pm