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Nadra launches contactless biometric verification for banking sector

Nadra launches contactless biometric verification for banking sector

The National Database and Registration Authority (Nadra) has introduced contactless biometric verification services for the banking and payments industry, making Pakistan one of the first countries in the world to implement the technology on national…

MARKETS
Prices of all petroleum products reduced

Prices of all petroleum products reduced

 The federal government on Tuesday announced a reduction in prices of all petroleum products for next fortnight. A statement issued by the Finance Division the new reduced prices will take effect from September 01, 2021.…

MARKETS
Car financing reaches to record high

Car financing reaches to record high

Banks’ financing of cars in Pakistan increased by Rs 99 billion (or 46 per cent) in the last one year to a record high of Rs 314 billion in July, as financing became more affordable…

MARKETS
Pakistan starts export of smartphones

Pakistan starts export of smartphones

After formal authorization from Pakistan Telecom Authority (PTA), Inovi Telecom has exported 5,500 units of 4G smartphones carrying “manufactured in Pakistan” tag to the United Arab Emirates (UAE). “PTA congratulates the company for this landmark…

MARKETS
Why Pakistan ranked as the cheapest country in the world to live in ?

Why Pakistan ranked as the cheapest country in the world to live in ?

Recently, Pakistan has been ranked as ‘the cheapest country in the world to live in’ with a cost of living index (CLI). As per the report on the cost of living index compiled by GoBankingRates…

MARKETS
Amazon denies news of accepting Bitcoin as payment

Amazon denies news of accepting Bitcoin as payment

Amazon.com Inc on Monday denied about the news that the e-commerce giant was going to accept bitcoin payments by the end of this year. The report from London’s City A.M. newspaper, citing an unnamed “insider”,…

MARKETS
European Central Bank inches closer to ‘digital euro’

European Central Bank inches closer to ‘digital euro’

The European Central Bank (ECB) moved closer to a “digital euro” with the launch of a pilot project. But questions remain about possible problems and advantages for eurozone citizens. This fact comes as the coronavirus…

MARKETS
Profit Rates of National Savings Certificates Revised

Profit Rates of National Savings Certificates Revised

The Finance Ministry has revised the profit rates on National Savings Schemes certificates. A notification issued in this regard on 17th June 2021. The profit rate for the Defense Savings Certificates increased from 9.29% to…

MARKETS
Rupee Continues to weaken against dollar

Rupee Continues to weaken against dollar

The rupee continued to weaken against the US dollar at Rs155.78 in the inter-bank market on Tuesday compared with closing at Monday’s at Rs155.3, revealed by the State Bank of Pakistan (SBP). Earlier, the SBP…

MARKETS
Bitcoin fell to a three-month low on Monday

Bitcoin fell to a three-month low on Monday

Bitcoin fell to a three-month low on Monday that saw investors selling and buying the digital currency. This happened after Tesla boss Elon Musk tweeted about the carmaker’s bitcoin holdings. Bitcoin fell to as low…

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