The Pakistan Stock Exchange (PSX) plans to introduce cash-settled futures and options, with testing set for March 2025, reported Bloomberg.… Read More
National Adoption of Digital Payments Will Create 4 Million Jobs, Add $263 Billion in Deposits: Report
The national adoption of digital payments could not only reduce the size of the informal and cash economy but it… Read More
World Bank Moderately Satisfied With $425 Million Transmission Modernization Project
The World Bank has rated the implementation of ‘National Transmission Modernization Project’ of $425 million as moderately satisfactory, observing that… Read More
World Bank Approves $240 Million Water Sanitation Project for Karachi
The World Bank approved $240 million in financing for the Second Karachi Water and Sewerage Services Improvement Project (KWSSIP-2) to… Read More
World Bank Cancels $500-600 Million Loan to Pakistan Over Unmet Energy Conditions
The World Bank has canceled $500-600 million in loans to Pakistan due to its failure to meet key conditions like… Read More
Islamic Finance and Capital Markets Will Help Pakistan Achieve Stability: FM
Federal Minister for Finance and Revenue Muhammad Aurangzeb has said that Islamic finance and Islamic capital markets can play a… Read More
IGI Holdings Subsidiary Wants to Buy 40.6% Stake in Mitchell’s Fruit Farms
IGI Investments has informed its parent company IGI Holdings Limited (PSX: IGIHL) that it intends to buy a 40.63 percent… Read More
Fashion Marketplace LAAM Raises $5.5 Million Led By Shark Tank Judge Faisal Aftab’s Zayn VC
Global revenues of the South Asian ethnic wear market are projected to reach $129 billion by 2030, with nearly $46… Read More
European Software Giant Plans to Expand Operations in Pakistan
Relational, a European-based leading business software provider, is planning to expand its operation to Pakistan. In this regard, the software… Read More
PSX Shatters All Records And Crosses 113,000 Points Amid Record Rally
The Pakistan Stock Exchange (PSX) gained 2,671 points to surge to a new all-time high of 113,481 points on Thursday… Read More
Banking Sector’s ADR Improves to 47.8% in November 2024
Bank advances increased by Rs. 1.1 trillion as of November 29, 2024, according to the latest data by the State… Read More
SBP Set to Launch New Platform for Investing Directly in Govt Securities
The State Bank of Pakistan (SBP) is set to launch a new platform, InvestPak, that will allow individuals and corporations… Read More
