easypaisa partners with Faysal Bank to streamline international remittance collection

easypaisa, Pakistan's leading digital financial services platform, has announced a strategic partnership with Faysal Bank Limited (FBL), one of the premier commercial banks in Pakistan, to simplify the process of…

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Daraz Empowers 1,000 more Female Entrepreneurs in Punjab through the “Proudly Pakistani” Initiative

In line with its mission to uplift communities through the power of commerce, Daraz has successfully trained a second cohort of 1,000 female entrepreneurs from the Punjab region. These training…

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SAI Chief Mohammad Kamran Arbi vehemently criticizes the current policy rate cut as insufficient and calls for immediate and further reductions.

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…

Continue ReadingSAI Chief Mohammad Kamran Arbi vehemently criticizes the current policy rate cut as insufficient and calls for immediate and further reductions.

SBP decided to cut the policy rate by 100 basis points to 19.5 percent, effective from July 30, 2024

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…

Continue ReadingSBP decided to cut the policy rate by 100 basis points to 19.5 percent, effective from July 30, 2024

EXIDE estimates a Lithium-Ion battery manufacturing facility requires a capex of approximately US$250m

Exide Pakistan Ltd. held its analyst briefing today to discuss MY24 results and its future outlook. The following are the key highlights: In MY24, the company posted a topline of…

Continue ReadingEXIDE estimates a Lithium-Ion battery manufacturing facility requires a capex of approximately US$250m

PYMA urges government to abolish RD on Yarn, citing threat to the textile sector, SMEs

Sohail Nisar, Sr. Vice Chairman of the Pakistan Yarn Merchants Association (PYMA), along with Vice Chairman Jaweed Khanani and members of the Executive Committee, expressed deep concern regarding the imposition…

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Govt silence on IPPs despite significant losses, scathing criticism puzzling

The chairman of the FPCCI Advisory Board and National Business Group Pakistan, President of Pakistan Businessmen and Intellectuals Forum, All Karachi Industrial Alliance, and former provincial minister Mian Zahid Hussain,…

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