The Asian Development Bank (ADB) will likely approve a $1.5 billion Countercyclical Support Facility (CSF) to Pakistan under its Building… Read More
Utility Stores to Buy 50,000 MT Sugar in Wake of Surging Prices
The Utility Stores Corporation (USC) has decided to buy 50,000 metric tons (MT) of sugar to ensure its availability under… Read More
‘Overbudget’ Lowari Tunnel Costs Skyrocket by 471% in 18 Years
The cost of the Lowari Tunnel Project escalated by around 475 percent to Rs. 46 billion during the last 18… Read More
Value-Added Exports, Energy Reforms & Increased Social Spending to Strengthen Pakistan: ADB
Asian Development Bank (ADB) has stated that reforms are required to promote high value-added exports, expand social spending, reinforce energy… Read More
PSX Announces Top 25 Companies for Year 2021
Pakistan Stock Exchange has announced the much-awaited list of the Top 25 Companies Awards recipients for the year 2021. The… Read More
Govt Receives $1.5 Billion Offer For Majority Stake in Pakistan Steel Mills
The Government of Pakistan has received an offer of $ 1-1.5 billion for the purchase of majority stakes in Pakistan… Read More
PSX Notifies Listing of HBL Exchange Traded Fund
Pakistan Stock Exchange (PSX) has notified the listing of HBL Total Treasury Exchange Traded Fund managed by HBL Asset Management… Read More
ZTBL Contributes 10% of its Net Profit to Flood Victims
The Zarai Taraqiati Bank (ZTBL) has announced that it will contribute 10 percent of its net profit to flood victims,… Read More
Karachi’s SnappRetail Raises $2.5 Million in Pre-Seed Funding
In a market where traders and consumer outlets have recently struggled to conduct business, Karachi-based SnappRetail announced today that it… Read More
Pakistani Startups Have Raised Over $320 Million in 2022 So Far
Pakistani startups raised $322 million through 48 high-profile rounds during the calendar year (CY) 2022 to date. Kalsoom Lakhani, General… Read More
UAE’s TruKKer Raises $100 Million in Final Funding Round Ahead of IPO
TruKKer, a UAE-based freight logistics company, has raised $100 million ahead of a planned Initial Public Offering (IPO). According to… Read More
ADB Drops $200 Million ICT Development Project for Pakistan
The Asian Development Bank (ADB) has dropped the “Pakistan: Integrated Information and Communications Technology Development Project” worth $200 million. An… Read More
