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Wondertree, a startup from Pakistan selected for Google

LAHORE: A Karachi based startup is among eleven businesses from around the world who are the successful applicants of Google’s Accelerator programme on Sustainable Development Goals. These startups address a wide range of social and environmental challenges, and are working toward at least one of the 17 Sustainable Development Goals outlined by…
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Essential industry to be opened in phases: Firdous

LAHORE: Special Assistant to Prime Minister (SAPM) Dr. Firdous Ashiq Awan said on Saturday the government would open the essential industry  in phases to ensure that food-supply chain was not affected in the country. “The government was in consultation with the industry to chalk-out Standard  Operating Procedures (SoPs) regarding health and…
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MCB Bank’s NPLs soar to record Rs49.42b in 2019

Reduces lending to Rs 540.04b from Rs 546.80 in 2018 By M Jahangir Hayat LAHORE: MCB Bank’s Non-Performing Loans (NPLs) have touched to a record high of Rs49.42 billion in 2019 from Rs 20. 37 billion in 2015, registering a growth of 142 percent in five years increasing the infection ratio, MCB Annual Report 2019 indicated. As per the report…
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Habib Bank Limited official runs away with Rs 70.5 million

M Jahangir Hayat LAHORE: Habib Bank Limited (HBL) Patoki MTO has stolen over Rs 70.5 million cash which was to be uploaded in a nearby Automated Teller Machines (ATMs) and run away, officials sources told Daily The Business on Friday. Sources said that the HBL MTO Fiaz Ahmad slipped away with the cash of over Rs 70.5 million which was to be…
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SBP cut policy rate by further 150 basis points

M jahangir Hayat LAHORE: The State Bank of Pakistan Monetory Policy Committee (MPC) has decided to cut the policy rate by a further 150 basis points to 11 percent which brings the cumulative easing over the past one week to 225 basis points. At its last meeting on 17thMarch 2020, the Monetary Policy Committee (MPC) noted considerable…
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PIEDMC initiates campaign to place hand sanitizers at factories

Our Special Correspondent LAHORE : In light of the pandemic faced by the whole nation Punjab Industrial Estates Development & Management Company (PIEDMC) has initiated a campaign in which hand sanitizers will be placed in all the factories and compulsory handwashing will implemented before entering the premises to safeguard the workers,…
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