Pakistan’s leading digital microfinance bank, Mobilink Bank, has leapt forward in solidifying its position as a frontrunner in sustainable banking practices. The Bank announced the successful completion of an external…
The Directorate General Mines & Minerals Balochistan has granted two Exploration Licenses. EL-322 and EL-323, and allotted areas of 501.03 sq. km and 512.76 sq. km, respectively, for mineral exploration…
The U.S. Embassy in Islamabad hosted a festive reception to celebrate the 248th anniversary of the independence of the United States of America. Held under the theme of ‘Made in the…
Cement despatches declined by 12.58% in June 2024. Total Cement despatches during June 2024 were 3.552 million tons against 4.063 Million Tons despatched during the same month of last fiscal…
Federal Minister for Communications, Board of Investment and Privatization Abdul Aleem Khan was called on by Russian Ambassador to Pakistan Albert P. Khorev in which matters of mutual interest and…
The government of Pakistan has recently proposed changes to the sales tax structure on mobile phones in the new budget. This policy change will significantly impact the prices of all…
§ Pakistan Urea sales in Jun-2024 is expected to clock in at 483k tons, down 21% YoY compared to 610k tons in Jun-2023. However, Urea sales are expected to be up…
Overseas Investors Chamber of Commerce and Industry’s member companies have invested Rs 13 billion in 2022-2023 in local communities, positively impacting 40 million individuals across the country. In collaboration with…
Fatima Fertilizer, a leading name in Pakistan's agriculture sector, and JazzCash, Pakistan's largest digital wallet, have signed a Memorandum of Understanding (MOU) to revolutionize the agri-sector payment ecosystem. This collaboration…
PPL (Pakistan Petroleum Limited) disclosed today that a Gas discovery has been made from the exploratory well Tor-1 in Latif Block, located in Khairpur District, Sindh Province, which is operated…
Bank Alfalah is proud to announce that its credit rating has been elevated to 'AAA' by the Pakistan Credit Rating Agency (PACRA). This accolade is a testament to the bank's…
Petroleum products during Jun’24 arrived at 1.45mn tons (19-month high), depicting a growth of 8% YoY. The economic recovery and a low base effect from last year drive the jump…
SwissMail International, a leader in the independent provisioning of tailor-made distribution and customs clearance solutions for distance selling, and arXanum, a global provider of scalable market access solutions, has entered…
foodpanda users can now shop from a new, expanded range of groceries under its private house label, bright. Available exclusively on the online grocery store pandamart, bright offers over 200 items…
The Korangi Association of Trade and Industry (KATI) President, Johar Qandhari, extended his congratulations to the Muttahida Qaumi Movement (MQM) for obtaining the chairmanship of four standing committees in the…
Majyd Aziz, Former President Employers Federation of Pakistan, who is also the Founding Chairman of Pakistan Sri Lanka Business Forum, has proposed that the Federal Ministry of Tourism, in association…
Arts Council of Pakistan Karachi's Special Committee organized an event to honor Sitara-i-Imtiaz and Pride of Performance Sultana Siddiqui, for her 50 years of contributions to showbiz and social services.…
In an innovative move to enhance customer satisfaction and ensure unparalleled user experience, realme has announced its new Screen Care Protection plan for its recently launched realme 12 and realme…
LUMS recently celebrated the graduation of 1,407 scholars at the University’s 36th Convocation. Surrounded by proud family, friends, and faculty, the students from LUMS' five schools received their degrees at separate…
JS Bank, a premier financial institution renowned for its dedication to excellence and innovation, has received "AA" rating from the Pakistan Credit Rating Agency (PACRA). This prestigious rating reflects JS…
Raqami Islamic Digital Bank, one of the most prominent upcoming Islamic digital banks in Pakistan, has selected BenchMatrix’s proprietary solution, RiskNucleus® as its Anti-Money Laundering (AML) transaction monitoring solution. This…
Pakistan's stock market surged significantly during FY24, closing at a record high of 78,455 points, up from 41,453 points in FY23. The fiscal year began with the government securing a…
§ The government has revised the tax regime for the export-based industry, transitioning from a full and final tax of 1% of turnover/sales to a normal corporate tax. This change in…
§ We initiate coverage on MARI with a Neutral rating and June 2025 TP of PKR2,904/sh. We are Neutral because MARI already trades at 1.4x valuation premium to its peers –…
On Monday, the Pakistan Petroleum Dealers Association (PPDA) rejected a call for a nationwide strike on July 5 by some Karachi-based oil retailers. Some so-called leaders have unilaterally issued the…