ADB Approves $400 Million Loan to Reconstruct Flood-Damaged Houses and...
KARACHI: The Asian Development Bank (ADB) today approved a $400 million concessional loan to support the reconstruction of houses and community infrastructure in Pakistan’s Sindh province damaged by...
View ArticleMeezan Bank and Haball Sign Referral Arrangement Agreement
Karachi: Meezan Bank, Pakistan’s leading Islamic bank, has recently announced that it has entered into a referral arrangement with Haball Pvt Ltd, a premier digital payments platform. Mr. Muhammad...
View ArticleMustehkam Pakistan Calls for Urgent Government Action Against Illicit Trade...
Karachi: “The government should take immediate and decisive action against illicit trade to enhance revenue and reduce the tax burden on the common citizen. It’s almost six weeks post the budget and...
View ArticleSITE industrialists laud MD SSGC for laying dedicated gas pipeline
KARACHI: Members of SITE Association of Industry have highly appreciated the laying of dedicated 24 inch dia, 31-KM long high pressure gas pipeline for industrial consumers of SITE area, Karachi. In a...
View ArticleChief Minister’s Children’s Emergency Care Program launched
Lahore: Under the Chief Minister’s Children’s Emergency Care Program, the government of Punjab has established telemedicine satellite centers in all public secondary care hospitals (DHQ, THQ) across...
View ArticleSECP Rolls out Digital Agenda for Insured Pakistan
ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has published the findings of its survey on “Mapping the Existing Digital Infrastructure of Insurance,” which provide critical...
View ArticleSECP registers 27,542 new companies in FY 2023-24
ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) registered 27,542 new companies during FY 2023-24, raising the total number of registered companies to 222,697. 58% were registered...
View ArticleEngro’s Strategic Asset Divestiture in Thermal Energy Sector Gets CCP Approval
ISLAMABAD: The Competition Commission of Pakistan (CCP) has approved a merger application within the thermal energy assets portfolio. This transaction involves a consortium acquiring approximately...
View ArticleSECP initiates consultation to revamp Mutual & Pension Fund regimes
ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has published a consultation paper, suggesting various alterations to the total expense regime (TER) and distribution paradigm for...
View ArticleSAI Chief Decries Policy Rate Cut as Insufficient, Demands Further Reductions
KARACHI: Mohammad Kamran Arbi, President of the Site Association of Industry Karachi, has described the recent reduction in interest rates as insufficient. He has urged the State Bank of Pakistan to...
View ArticleMonetary Policy Statement July 29, 2024
1. At its meeting today, the Monetary Policy Committee (MPC) decided to cut the policy rate by 100 basis points to 19.5 percent, effective from July 30, 2024. The Committee observed that the June 2024...
View ArticleVirtual Meeting between KCAA and Chattogram Customs Agents Association
KARACHI: Mr. Mehmood ul Hasan Awan, General Secretary of the Karachi Customs Agents Association (KCAA), announced through a press release that for the first time in the history of KCAA, a virtual...
View ArticleCCP Approves Majority Stake Acquisition of Engro Powergen Qadirpur
ISLAMABAD: The Competition Commission of Pakistan (CCP) has approved a merger involving a significant reshuffling of power generation assets. This transaction entails a consortium, mainly comprising...
View ArticleUBG leaders call for deeper policy rate cuts to revive economic growth
KARACHI: The United Business Group (UBG) leadership, comprising S.M. Tanveer, Zubair Tufail, Khalid Tawab, Hanif Gohar, and Syed Mazher Ali Nasir, expressed disappointment over the State Bank of...
View ArticleKDA to Establish New Industrial Zone in Surjani: DG Shujaat Hussain
KARACHI: Syed Shujaat Hussain, Director General of the Karachi Development Authority (KDA), has announced the establishment of a new industrial zone in Surjani. The North Karachi Association of Trade...
View ArticleALULA RECOGNISED TWICE IN TIME’S 2024 ‘WORLD’S GREATEST PLACES’ AWARDS
ALULA, SAUDI ARABIA: TIME, the global media organisation based in the USA, officially announced today the winners of its 2024 ‘World’s Greatest Places’ awards, highlighting two of AlUla’s destination...
View ArticleProtecting Consumers from Hidden Costs, CAT Upholds CCP’s Penalty on Cable...
ISLAMABAD: The Competition Appellate Tribunal (CAT) has dismissed Zafar Cables’ appeal against the Competition Commission of Pakistan’s (CCP) order for concealing cash coupons inside electric wire...
View ArticleMacroeconomic stability must before taking growth-oriented steps: Aurangzeb
KARACHI: Federal Minister for Finance & Revenue Muhammad Aurangzeb has said that efforts were being made to attain macroeconomic stability for sustainable growth because if the government, without...
View ArticleAnnual General Elections of Karachi Customs Agents Association for the Term...
Karachi (PR), Mr. Mehmood ul Hasan Awan, General Secretary of the Karachi Customs Agents Association (KCAA), announced through a press release that the KCAA’s Annual General Election for the term...
View ArticlePakistan’s Liquid Foreign Reserves Position
The total liquid foreign reserves held by the country stood at US$ 14,391.7 million as of 26-July-2024. The break-up of the foreign reserves position is as under: i) Foreign reserves held by the State...
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