News & Updates

News Update

29

Mar 2024

Mar 29, 2024 • 5 min read

Bank Alfalah Offers to Buy 100% Stake in Samba Bank

Bank Alfalah Limited (PSX: BAFL) has made a Non-Binding indicative offer to Saudi National Bank (SNB), the majority shar...

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News Update

29

Mar 2024

Mar 29, 2024 • 5 min read

Zong 4G Contributes to the Digital Transformation in Pakistan through OEM Partnerships

Zong 4G, Pakistan’s telecommunication leader, proudly reaches a new pinnacle in propelling the nation’s digital evolutio...

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News Update

29

Mar 2024

Mar 29, 2024 • 5 min read

Oman to Introduce Locally Manufactured Electric Cars

Oman, known for its rich cultural heritage and stunning landscapes, is now making waves in the automotive industry with...

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News Update

29

Mar 2024

Mar 29, 2024 • 5 min read

No Discussion On Agreements Between Pakistan and China: IMF Sources

The International Monetary Fund (IMF) has not discussed agreements between China and Pakistan, high-level sources told P...

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News Update

29

Mar 2024

Mar 29, 2024 • 5 min read

Govt Okays Installation of Smart Meters to Curb Electricity Theft

Prime Minister Shehbaz Sharif Friday chaired a meeting on measures against a spectrum of illegal activities, where among...

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News Update

29

Mar 2024

Mar 29, 2024 • 5 min read

Govt to Classify Cars With 2,000KM Mileage As New For Imports

The federal government has addressed a key issue at Customs counters by altering regulations on vehicle imports whereby...

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News Update

28

Mar 2024

Mar 28, 2024 • 5 min read

Pakistan’s Economic Growth Weakens in Second Quarter

The country’ Gross Domestic Product (GDP) is estimated to have posted a growth of one percent in the 2nd quarter of curr...

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News Update

28

Mar 2024

Mar 28, 2024 • 5 min read

SIFC Sets Its Sights on Setting Up Multibillion-Dollar Chip Industry in Pakistan

The Special Investment Facilitation Council (SIFC) has set its sights on bringing the chip design and semiconductor indu...

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News Update

28

Mar 2024

Mar 28, 2024 • 5 min read

UAE Maintains Strong Presence on 2024 Hurun Global Rich List With Numerous Billionaires

The United Arab Emirates (UAE) and its iconic city of Dubai continue to solidify their positions on the global stage, as...

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News Update

28

Mar 2024

Mar 28, 2024 • 5 min read

PSX Crosses 67,000 Level For the First Time in History

The Pakistan Stock Exchange (PSX) rallied to a new all-time high on Thursday, surpassing its previous high of 66,547 on...

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News Update

28

Mar 2024

Mar 28, 2024 • 5 min read

Onic and Careem Forge Strategic Partnership to Revolutionize Pakistan’s Digital Ecosystem

Onic, the new digital telco brand in Pakistan and Careem, the leading ride-hailing platform in Pakistan, are thrilled to...

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News Update

28

Mar 2024

Mar 28, 2024 • 5 min read

Finance Ministry Finalizes Deal With Banks For Re-Profiling PIA Debt

The Finance Ministry has finalized the term sheet for re-profiling the debt of Pakistan International Airlines (PIA) wit...

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News Update

28

Mar 2024

Mar 28, 2024 • 5 min read

UAE Considers 10-Year Golden Business Licenses to Boost Economic Growth

The United Arab Emirates (UAE) is exploring the possibility of introducing long-term business licenses, including 10-yea...

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News Update

28

Mar 2024

Mar 28, 2024 • 5 min read

Ignite to Launch National Incubation Centre in Islamabad Next Month

National Incubation Centre Islamabad, overseen by Ignite- National Technology Fund, is slated to launch in April, markin...

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News Update

28

Mar 2024

Mar 28, 2024 • 5 min read

Newly Formed PIA Holding Company Approves Restructuring of Rs. 268 Billion Debt

The newly formed holding company responsible for the privatization of Pakistan International Airlines (PIA) has approved...

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News Update

28

Mar 2024

Mar 28, 2024 • 5 min read

Banks to Observe Extended Working Hours on March 30, 31 for Tax Collection

To facilitate the taxpayers in payment of government duties and taxes, the State Bank of Pakistan (SBP) has decided that...

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News Update

28

Mar 2024

Mar 28, 2024 • 5 min read

CCP Set to Sign MoU With China’s Market Regulator

China has made significant investments in Pakistan through the China-Pakistan Economic Corridor (CPEC) and various Chine...

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News Update

28

Mar 2024

Mar 28, 2024 • 5 min read

Govt Wants to Impose Rs. 30 Per Liter Tax on Petroleum Products in Budget 2024-25

A Carbon Tax is on the cards in the upcoming federal budget 2024-25 as the government considers ways to tackle emissions...

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News Update

28

Mar 2024

Mar 28, 2024 • 5 min read

Gunvor and Pakistan Settle All Outstanding Legal Proceedings

Gunvor Group, one of the world’s largest independent commodities trading houses by turnover, Thursday announced that it...

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News Update

28

Mar 2024

Mar 28, 2024 • 5 min read

Pak Rupee Slightly Up 7th Day in a Row Against US Dollar

The Pakistani rupee was green against the US Dollar after opening trade at 278 in the interbank market. It was stable ag...

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News Update

28

Mar 2024

Mar 28, 2024 • 5 min read

Fauji Fertilizer Company Holds 46th Annual General Meeting

Fauji Fertilizer Company (FFC) held its 46th Annual General Meeting on March 26th, 2024 having a quorum of 57.20 percent...

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