Amid the political turmoil, throttled internet access, inaccessible apps, a depreciating currency, payment delays, cash flow constraints, high borrowing costs,… Read More
Lucky Cement to Expand Production in Iraq by 1.82 Million Tons
Lucky Cement Limited (PSX: LUCK) will enhance its clinker production capacity with its Joint Venture (JV) partner in Samawah, Iraq,… Read More
Cryptocurrencies Are Getting Permanently Banned in Pakistan
A meeting of the Standing Committee on Finance was held under the chairmanship of Senator Saleem Mandviwala at Parliament House… Read More
Pakistan to Pay 4% Annual Profit on $2 Billion Saudi Deposit
Pakistan will pay the Kingdom of Saudi Arabia (KSA) a 4 percent annual profit on a $2 billion deposit with… Read More
ADB Rates Technical Assistance for Operationalizing Pakistan’s EXIM Bank as Less Than Successful
The Independent Evaluation Department (IED) of the Asian Development Bank (ADB) has rated technical assistance for “Pakistan: Promoting Investments and… Read More
JS Bank Extends Offer Deadline to Acquire BankIslami Pakistan
JS Bank Limited (PSX: JSBL) is extending the date for making a Public Announcement of its Offer to buy BankIslami… Read More
IT Ministry Drafts New AI Policy for Nationwide Adoption
The Ministry of Information Technology and Telecommunication has drafted the “National Artificial Intelligence (AI) Policy”, aimed at embracing AI by… Read More
State Bank Warns Public to Encash Old Prize Bonds by June 30
The State Bank of Pakistan (SBP) has once again reminded citizens to encash/redeem the withdrawn prize bonds of Rs. 7,500,… Read More
Korean Giant LCC Signs Assignment and Assumption Agreement with Lucky Core Industries
Lotte Chemical Corporation (LCC Korea) has signed an Assignment and Assumption Agreement for the sale of over 1.13 billion ordinary… Read More
PITC Board to Conduct Interviews for Position of CEO
The Power Information Technology Company (PITC) board will conduct interviews for the position of Chief Executive Officer (CEO). Sources said… Read More
SBP to Work With Stakeholders to Resolve Issue of Retention of 35% IT Export Proceeds
The State Bank of Pakistan (SBP) will coordinate to engage commercial bank representatives with Pakistan Software Export Bard (PSEB) and… Read More
SIBL Applies to SECP for Conversion Into a Shariah Compliant Entity
After the announcement of the Federal Shariat Court Judgement last year, the Securities and Exchange Commission of Pakistan (SECP) has… Read More
