Daily Times
May 20, 2021
ISLAMABAD: State Bank of Pakistan Governor Reza Baqir called on Prime Minister Imran Khan in Islamabad on Thursday and held detailed discussion regarding Roshan Digital Account.
The governor said the Pakistani community in Saudi Arabia is showing greater interest in Roshan Digital account following the prime minister’s recent visit to the Kingdom. He said this is having a positive impact on the foreign exchange reserves.
During his visit to Saudi Arabia in May’s second week, the prime minister had addressed Pakistani community in Jeddah in connection with a ceremony related to Roshan Digital Accounts. He had acknowledged the contribution of Pakistani expatriates residing in Saudi Arabia for the progress and economic development of Pakistan.
Profit of companies at PSX jumps 82%
Earnings of 94 firms clock-in at record high of Rs243 billion in Jan-Mar quarter
PHOTO: AFP
KARACHI:
The net profit earned by the top 94 Pakistani companies - mostly belonging to industrial and services sectors - surged 82% to a record high of Rs243 billion in the quarter ended March 31, suggesting that economic activities were in full swing during the start of the third wave of Covid-19 pandemic.
These companies are listed at the Pakistan Stock Exchange (PSX) and are part of the benchmark KSE-100 index, which is a group of top 100 performing companies. These companies had earned a net profit of Rs133.65 billion in the same quarter last year when the first wave shot down economic activities in the country, Topline Securities reported on Monday. “The largest contributors to KSE-100 profitability were oil marketing companies (OMCs) followed by fertiliser, cement, banks and chemical sector companies,” Topline Deputy Head of Research Shankar
Inquiry launched against Pakistani ambassador to Saudi Arabia: PM Imran
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Inquiry launched against Pakistani ambassador in Saudi Arabia: PM Imran
ISLAMABAD (Dunya News) – Prime Minister (PM) Imran Khan on Thursday has said that a high-powered investigation has been launched against Pakistani ambassador to Saudi Arabia for not taking care of the laborers.
He was addressing a ceremony in Islamabad in connection with Roshan Digital Account crossing one billion dollars in deposits and launch of Roshan Apni Car and Roshan Samaaji Khidmat products.
The PM said that he has received reports that the staff members of Pakistani embassy in Saudi Arabia were taking money as bribes from the laborers. Exemplary punishments will be handed over to those found guilty, he assured.
World Bank reiterates support to overcome Pakistan’s energy challenges
Business
April 21, 2021
ISLAMABAD: The World Bank on Tuesday reiterated support to Pakistan for overcoming challenges in the energy sector and reaffirmed its commitment to assistance for the implementation of structural reforms.
World Bank Managing Director (Operations) Axel van Trotsenburg lauded the socioeconomic coverage extended to the marginalised sections of the society during Coronavirus pandemic. He held a virtual meeting Minister for Finance and Revenue Shaukat Tarin.
Federal Minister for Economic Affairs Division Omar Ayub Khan, Minister for Power Hammad Azhar, State Bank of Pakistan Governor Reza Baqir attended the meeting.