SBP reserves increased by US$ 51 million
The total liquid foreign reserves held by the country stood at US$ 14,471.9 million as of 2 August 2024. The break-up of the foreign reserves position is as follows: Foreign…
EFU General Insurance wins Prestigious 21st Annual Environment Excellence Award 2024
EFU General is honoured to announce that we have received the prestigious 21st Annual Environment Excellence Award 2024 from the National Forum of Environment and Health (NFEH). This award highlights…
Daraz offers big discounts on Azadi Sale
The highly anticipated Daraz Azadi Sale will kick off on August 08 and run until August 14, offering customers an incredible opportunity to enjoy up to 70% discounts. This shopping…
Pakistan’s tractor industry faces shutdown as Paapam seeks Prime Minister’s intervention
The Pakistan Association of Automotive Parts & Accessories Manufacturers (Paapam) has announced that the tractor industry is on the brink of a complete shutdown due to the Federal Board of…
Curtain raiser tomorrow FOODAg-2024, TDAP expects a business of over $1 billion.
According to the Trade Development Authority of Pakistan (TDAP), the 2nd edition of the International Food and Agriculture Exhibition, FOODAg-2024, is scheduled to be inaugurated tomorrow from August 9th to…
OICCI and UNDP forge alliance for sustainable and inclusive Pakistan
In a groundbreaking move, the Overseas Investors Chamber of Commerce & Industry (OICCI) has partnered with the United Nations Development Programme (UNDP) Pakistan to advance the vision of a more…
Visa partners with Hasan Raheem to celebrate Pakistan’s prodigies
Visa, a world leader in digital payments, has launched a new global campaign, “Prodigies,” which showcases the inspiring stories of individuals who have overcome challenges and pursued their passions with…
Meezan Bank recorded highest ever quarterly earnings in 2Q2024
Meezan Bank (MEBL) announced its 2Q2024 result today. The bank recorded its highest-ever quarterly earnings of Rs26.7bn (EPS of Rs14.88), up 55% year over year and 5% quarter over quarter. The…
Federal Tax Ombudsman to establish help desk at KATI
Federal Tax Ombudsman Dr Asif Mahmood Jah has established a help desk at the Korangi Association of Trade and Industry (KATI) to address industrialists’ tax issues. The initiative aims to…
Khushhali Microfinance Bank partnered with oladoc to promote healthcare services
Khushhali Microfinance Bank Limited (KMBL), Pakistan’s first specialized microfinance bank, has recently partnered with oladoc to promote healthcare services for their customers. oladoc, a leading digital healthcare platform in Pakistan,…
SSGC inaugurates landmark gas augmentation projects in Karachi
Being a customer-centric organization, SSGC strives to serve its consumers by meeting their gas-related requirements and frequently enhancing its facilities through multiple infrastructure development projects. Lately, as part of a…
Hafnia recently concluded a successful mini-induction seminar in Udaipur, India
The Hafnia seafarers’ mini-induction session is designed for new team members to understand and discuss Hafnia’s values, policies, and operational procedures and address any pressing questions or suggestions. This ensures…
Meezan Bank to host Mastercard-led cyber security
Meezan Bank, Pakistan’s Premier Islamic bank, has become the first bank in Pakistan to host a Mastercard-led cyber security workshop, representing a significant advancement in cybersecurity preparedness for the country’s…
GSMA highlights Pakistan’s digital progress and potential to spur accelerated economic growth.
Pakistan is poised to unlock its economic potential through accelerated digital transformation, according to a new report, “Realising Pakistan's Aspiration to become a Digital Nation,” launched today by the GSMA…
MCB’s profit before tax (PBT) for the 1st half of 2024 increased to Rs 62.7 billion
The Board of Directors of MCB Bank Limited (MCB), in its meeting under the Chairmanship of Mian Mohammad Mansha on August 07, 2024, reviewed the performance of the Bank and…
Bank Alfalah and BISP to empower women
Bank Alfalah, one of the leading commercial banks, has been a trusted partner of the Benazir Income Support Programme (BISP) for over 12 years and has been dedicated to the digital…
Allied Bank offers exceptional customer service
In the competitive landscape of the banking industry, customer experience plays a pivotal role in shaping the success and reputation of financial institutions. Allied Bank, a prominent player in the…
Faysal Bank launched its ‘Faysal Islami Amal Women Digital Account
Faysal Bank has announced the launch of its ‘Faysal Islami Amal Women Digital Account’. This account has been developed in line with the State Bank’s financial inclusion agenda. With a…
Lucky Cement Limited expected to announce a DPS of PKR12.0 during 4QFY24
LUCK anticipates declaring a profit after tax of PKR 6,158mn (EPS: PKR 20.10) in 4QFY24, reflecting a 138% QoQ increase. Furthermore, the earnings for FY24 are predicted to reach PKR…
EFERT: Base plant on a 5-day unscheduled maintenance
Engro Fertilizers Ltd. (EFERT), in their recent notice, announced the unscheduled maintenance of the base plant. The tentative duration of this forced outage will be five days. We expect this…
Govt. urged to lower interest rates to stimulate economic growth aggressively
Leading economists and industry stakeholders advocate significantly reducing Pakistan's interest rates to boost economic growth, stimulate investment, and relieve financial pressures on businesses and consumers. In a statement, Ismail Suttar,…
*Community Town Hall Meeting in Lahore brings urgent education issues to the Forefront*
Pakistan Coalition for Education (PCE) -an initiative of the Society for Access to Quality Education (SAQE), in collaboration with Pakistan Youth Change Advocates (PYCA) and Social Development Initiatives (SDI), hosted…
Ufone 4G announces health insurance program for franchise owners and their families.
Pakistani telecom company Ufone 4G has launched an industry-first Franchise Health Insurance Program in partnership with Adamjee Insurance to provide top-performing franchise owners and their families with comprehensive health insurance…
Pakistan-Morocco bilateral trade needs boost, Ambassador Mohamed Karmoune
The bilateral trade volume between Pakistan and Morocco is less than expected and has significant potential for growth, according to Ambassador Mohamed Karmoune of Morocco. He stated that the trade…
Pakistan’s oil production witnessed an uptick of 1.4% YoY during FY24.
Pakistan's oil production witnessed an uptick of 1.4% YoY during FY24. The production growth is contributed by Chak 2, Pasakhi, Takhat, Lashari Centre, Bolan East, and Bettani. Furthermore, the commencement…
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