The cut-off yields on Treasury Bills (T-Bills) went down by up to 217 basis points (bps) in the auction of… Read More
SECP, Ignite Ink MoU for Supporting Pakistan’s Fintech Ecosystem
The Federal Minister for Information Technology and Telecommunication, Dr. Umer Saif, envisaged setting up a government-backed Venture Capital (VC) Fund… Read More
Pakistan to Face Tough Time In Upcoming IMF Review: Ex-Climate Minister
Former Federal Minister for Climate Change Sherry Rehman on Wednesday warned that Pakistan will face a tougher time in the… Read More
SME Bank to Be Completely Closed in Next Few Days
The Senate Standing Committee on Finance was informed on Wednesday that the Small and Medium Enterprises (SME) Bank will be… Read More
PPL Posts Highest-Ever Profit of Rs. 98 Billion in FY23
Pakistan Petroleum Limited (PSX; PPL), one of the top players in the oil and gas exploration and production sector, announced… Read More
SBP Awards In-Principle Approval to 5 Digital Retail Banks
In a bid to foster innovation, financial inclusion, and availability of affordable digital financial services, the State Bank of Pakistan… Read More
HugoBank Granted In-Principle Approval to Launch Digital Banking in Pakistan
HugoBank has been granted an In-Principle Approval (IPA) for its Digital Retail Banking (DRB) license from the State Bank of… Read More
PTA Intensifies Crackdown Against Illegal Issuance of SIMs
The Pakistan Telecommunication Authority (PTA) Zonal Office in Lahore, in close collaboration with the Federal Investigation Agency (FIA) Cyber Crime… Read More
Fuel Cost for Power Generation Down 18% but Consumers Pay All-Time High Tariff
While consumers are paying an all-time high power tariff per unit on their electricity bills, the cost of fuel for… Read More
Huawei Connect 2023 Officially Kicks Off in China
Huawei Connect 2023 commenced its proceedings in Shanghai on Wednesday, drawing together a diverse spectrum of participants including business leaders,… Read More
Pakistan Seeks Top-Quality Russian Oil At Less Than $60 a Barrel
Pakistan wants top-quality Russian crude at a price not more than the Group of Seven (G7) nations’ $60 per barrel… Read More
Distribution Companies to Collect Rs. 30 Billion Extra From Electricity Consumers in October
Ex-WAPDA Distribution Companies (DISCOs) have sought an increase of Rs. 1.83 per unit in fuel cost adjustment (FCA) to collect… Read More
