Pakistan’s Largest Interest Rate Cut of the Year
The State Bank of Pakistan (SBP) is gearing up to make a significant announcement on Monday, with analysts predicting a 200 basis point cut in interest rates. This expected reduction…
InfraZamin Pakistan, Saudi Pak Industrial and Agricultural Investment Co Ltd sign 11.5-years Renewable Energy Financing Facility to Acumen Energy of PKR 1.28 billion
Karachi: InfraZamin Pakistan and Saudi Pak Industrial and Agricultural Investment Co Ltd signed a landmark transaction to provide an 11.5-year Distributed Solar Financing Facility to Acumen Energy Limited (Acumen) for…
Monetary Policy Announcement
The Monetary Policy Committee (MPC) of SBP will meet on Monday, December 16, 2024 to decide about the Monetary Policy. Later on, SBP will issue the Monetary Policy Statement through…
Deposit Protection Corporation releases its Annual Report FY2023-24
The Deposit Protection Corporation (DPC) announces the release of its fourth Annual Report for the fiscal year ended June 2024. The report has been issued with the objective of providing…
FPCCI Demands level playing field for Export Finance Scheme for local Industry
Karachi: Mr. Atif Ikram, President of the Federation of Pakistan Chambers of Commerce & Industry (FPCCI), has called upon the federal government to immediately provide level playing field in Export…
Pakistan’s Liquid Foreign Reserves Position
The total liquid foreign reserves held by the country stood at US$ 16,600.9 million as of 06-Dec-2024. The break-up of the foreign reserves position is as under: i) Foreign reserves…
Thar Foundation & The Dawood Foundation organize MagnifiScience Thar Exhibition to promote education in the region
Karachi: Thar Foundation, in collaboration with The Dawood Foundation (TDF), organized a two-day ‘TDF MagnifiScience Thar Exhibition’ at the TF – Dr. Ashok Bakhtani Engro School Campus in Mithi, Tharparkar.…
Business Confidence increases despite challenges: OICCI Survey
Karachi: The Overseas Investors Chamber of Commerce and Industry (OICCI) has unveiled the results of its Business Confidence Index (BCI) Survey – Wave 26, conducted across Pakistan in October and…
Engro’s tower sharing deal shows Pakistan is open for business: Samad Dawood
Tough measures taken by the Government have helped achieve macroeconomic stability and revived investor confidence in Pakistan, leading to Engro’s largest transaction in Pakistani rupee terms, said Samad Dawood. Last…
Cancellation of Authorization /License issued to M/s Al-Hameed International Money Exchange (Private) Limited
The State Bank of Pakistan (SBP) on December 09, 2024 has cancelled the authorization/license issued to M/s Al-Hameed International Money Exchange (Private) Limited under the Foreign Exchange Regulations Act, 1947…
Khurram Zafar appointed CEO of Pakistan Mercantile Exchange (PMEX)
Karachi: Pakistan Mercantile Exchange Limited (PMEX) has appointed Mr. Khurram Zafar as the Chief Executive Officer, who has already taken charge. Mr. Khurram Zafar joins PMEX with a robust background…
Engro Partners with VEON’s Jazz to Expand Telecommunication Infrastructure and Foster Digital Inclusion in Pakistan
Karachi: Engro Corporation is pleased to announce a strategic partnership with Pakistan Mobile Communications Limited (“Jazz”) and its parent company VEON Group, marking a significant step forward in expanding Pakistan’s…
Pakistan’s Liquid Foreign Reserves Position
The total liquid foreign reserves held by the country stood at US$ 16,620.0 million as of 29-Nov-2024. The break-up of the foreign reserves position is as under: i) Foreign reserves…
Team Pakistan Set to Shine at APICTA 2024 in Brunei with over 20 Innovative Projects Sajjad Mustafa Syed, Chairman P@SHA
PR: Sajjad Mustafa Syed, Chairman of Pakistan Software Houses Association (P@SHA), has said that Team Pakistan is all set to make its mark at the prestigious Asia Pacific ICT Alliance…
OICCI Leads the Empowerment of Persons With Disabilities and Transformative Solutions for an Inclusive Future
Karachi: On the occasion of the International Day for Persons with Disabilities, the Overseas Investors Chamber of Commerce and Industry (OICCI) hosted its 2nd Diversity and Inclusion (D&I) Conference 2024,…
Finance Minister directed swift action on cartels, offers full support to CCP
ISLAMABAD: The Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, has directed the Competition Commission of Pakistan (CCP) to expedite its inquiries and investigations into cartelization and collusion practices.…
PTCL Partners with Mumtaz City to Empower 2,000 Homes with its Flagship High-Speed Internet ‘Flash Fiber’
Islamabad: Country’s leading ICT services provider, Pakistan Telecommunication Company Limited (PTCL) has signed a strategic agreement with Mumtaz City to revolutionize connectivity for its residents and businesses through its premium…
Mobilink Bank named ‘Best Microfinance Bank’ at Pakistan Banking Awards 2024
Islamabad: Pakistan’s leading digital microfinance institution, Mobilink Bank was honored as the ‘Best Microfinance Bank’ at the Pakistan Banking Awards 2024. The recognition highlights the Bank’s pivotal role in advancing…
ACCA celebrates 120 years and counting
Karachi: ACCA, the Association of Chartered Certified Accountants, will mark a significant occasion this weekend as it celebrates 120 years since its creation. Founded in London by a group of…
The future of banking in Pakistan will be driven by innovation, transparency, and an unwavering commitment to customer satisfaction: Governor SBP
Governor of the State Bank of Pakistan (SBP), Mr. Jameel Ahmad, advised financial institutions to continue striving for excellence and collaborate to foster a more inclusive, dynamic, and future-ready financial…