The Finnish Fund for Industrial Cooperation Limited (Finnfund) has acquired a 17.59 percent stake in TPL Insurance, a subsidiary of… Read More
SECP Enhances Investment Limits for Insurance Companies to Invest in ETFs
The Securities and Exchange Commission of Pakistan (SECP) has allowed insurance companies to invest in open-ended mutual funds including Exchange… Read More
SPI-Based Weekly Inflation Edges Up 0.01%
The Sensitive Price Indicator (SPI) for the week ended 14 July 2022, recorded an increase of 0.01 percent due to… Read More
FBR Issues Deadline to Officers for Declaration of Assets
All the officers of the Inland Revenue Service (IRS) and Pakistan Customs Service (PCS) have been given a deadline of… Read More
PM Shehbaz Slashes Petrol Price by Rs. 18.50 Per Liter
Prime Minister Shehbaz Sharif Thursday announced a reduction in prices of petroleum products to pass on the benefit of decreasing… Read More
Govt Set to Include GHQ, ISI Representatives in Committee for 4G, 5G Spectrum Auction
The Federal Cabinet is likely to approve the constitution of the Auction Advisory Committee including representatives from GHQ and ISI… Read More
US Ambassador Inaugurates Lincoln Corner at NUST
In his first visit to a university in Pakistan, US Ambassador, Donald Blome, joined the Rector of the National University… Read More
PTA Defines 3 Targets for Telecom Sector Cyber Security
The National Cyber Security Framework for the telecom sector has set three compliance targets and maturity levels based on the… Read More
FTO Directs FBR to Settle Eight Years Old Refund Matter
The Federal Tax Ombudsman (FTO) while disposing of a complaint relating to non-issuance of refunds has directed the Federal Board… Read More
Morinaga Offers to Buy 33% Stake of ICI Pakistan’s Subsidiary
ICI Pakistan Limited has received a conditional offer from Morinaga Milk Industry, Japan for the acquisition of an aggregate of… Read More
6-Month KIBOR Surges to All-Time High at 15.87%
The 6-Month Karachi Inter-Bank Offered Rate (KIBOR), a benchmark for lending to consumers and businesses, surged by 35bps on a… Read More
Cut-Off Yields on T-Bills Soar by 100 BPS
The cut-off yields on Treasury Bills (T-Bills) were up by 52-100 basis points (bps) in the auction of the paper… Read More
