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Business, Latest, Oil

Oil Jumps On Significant Crude Inventory Draw

by: TonyDecember 30, 2020

(Oil Price.com) Crude oil prices rose further today after the Energy Information Administration reported an oil inventory draw of 6.1 million barrels for the week to December […]

Business, Latest, News, Pakistan

Massive gas crisis in January on cards: Govt faces shock as PLL receives no bids for January

by: TonyDecember 11, 2020

ISLAMABAD: For the first time in Pakistan’s history, the government is set to face a huge LNG debacle in January, 2021 as LNG supplier companies […]

Business, Latest, News, Pakistan

Wheat mishandling costs kitty Rs105 billion

by: TonyNovember 10, 2020

( The Express Tribune) ISLAMABAD: The mismanagement of wheat operations would cost the national exchequer around Rs105 billion, which the Ministry of National Food Security […]

Business, Latest, News, Pakistan

Pakistani Airlines may be banned in 188 countries The ICAO has issued a “serious warning” to the Pakistan aviation regulator on the same

by: TonyNovember 9, 2020

Pakistan-based airlines may be banned in 188 countries as they have failed to meet international standards on pilot licensing and other issues as required by […]

AML/CFT, Business, KYC, Latest, News

Discontinuation of $1,000 Note Issuance to Pre-empt Money Laundering and Terrorism Financing Risks

by: TonyNovember 3, 2020

Singapore, 3 November 2020… The Monetary Authority of Singapore (MAS) announced today that it plans to discontinue the issuance of the $1,000 note from 1 […]

Business, Latest, News, Pakistan, SBP

Low-cost housing: banks go all in

by: TonyNovember 2, 2020

(Dawn News) Banks are urging low-income people to take out heavily subsidised housing loans in quarter-page newspaper ads on a daily basis now. Except the […]

Business, News, Pakistan, SBP

Where is the rupee headed?

by: TonyOctober 27, 2020

( Business Recorder) PKR has been appreciating against USD for the past two months. One reason is the USD depreciation against other currencies; but PKR […]

AML/CFT, Business, News, Pakistan

FATF satisfied with Pakistan progress but maintains grey list status for now

by: TonyOctober 23, 2020

The Financial Action Task Force (FATF) has decided to maintain Pakistan’s status on its ‘grey list’ of countries with inadequate control over curbing money laundering […]

Business, China, News, Pakistan

On the cards: Govt to introduce new law to give immunity to CPEC Authority from NAB, FIA probe

by: TonyOctober 21, 2020

( (Karachi) In a latest move, a new law to replace defunct China Pakistan Economic Corridor (CPEC) Authority Ordinance will be introduced by the federal […]

KYC, Latest, News, Pakistan

FATF session: Why it’s important for Pakistan to get out of the ‘grey list’?

by: TonyOctober 21, 2020

(Web Desk) As the Financial Action Task Force (FATF) virtual three-day plenary session is scheduled to begin from October 21 (today), all eyes are set […]

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