IFC commits $20 billion investment in Pakistan over next decade
The International Finance Corporation (IFC), an arm of the World Bank, announced plans to invest $2 billion annually in Pakistan over the next ten years....
Barkat Frisian Agro announces IPO on Pakistan Stock Exchange
Barkat Frisian Agro Limited (BFAL) has announced a PKR 880.5 million ($3.1 million) Initial Public Offering (IPO) as the company plans to expand pasteurized egg product output...
Over the past decade, net FDI in Pakistan averaged $2 billion annually
While Foreign Direct Investment (FDI) has been seen as a key driver of economic growth, infrastructure development, and job creation, the Pakistan Business Council (PBC)...
Pakistan lifts minimum export price on rice amid global market shifts
Pakistan has removed the minimum export price (MEP) on all rice varieties. This decision follows India’s recent move to lift its MEP on rice, signaling...
GNEXT appoints Air Link as premium partner to expand Apple products availability in Pakistan
KARACHI: GNEXT, the Apple Authorized Distributor for Pakistan, has announced the appointment of Air Link Communication Limited as its Premium Partner. This strategic collaboration aims...
Symmetry Group launches Vidfy, a new Al-powered platform for video messages
KARACHI, PAKISTAN: Symmetry Group Limited has announced the launch of Vidfy, a new Al-powered platform, developed in-house, that specializes in creating tailored video messages that...
Insurance companies, CDC to establish Pakistan’s first Auto Insurance Repository
KARACHI, PAKISTAN: Leading insurance companies have signed an MoU with the Central Depository Company of Pakistan (CDC) for the establishment of Pakistan’s first centralized auto...
Competition watchdog okays merger of Wall Street Exchange and UBL Currency Exchange
(CCP) has greenlit a merger of Wall Street Exchange Company (WSE) by UBL Currency Exchange (UCE) pursuant to Letter of Intent (LOI) and later through...
Pakistan Stock Exchange suggests tax reforms, comprehensive documentation of all economic activities
KARACHI: Pakistan Stock Exchange (PSX) has submitted a series of important tax proposals to the Ministry of Finance (MoF) and the Federal Board of Revenue...
Arif Habib Limited announces IPO for International Packaging Films Limited
KARACHI: In a significant development for Pakistan’s packaging industry, Arif Habib Limited has announced the launch of an Initial Public Offering (IPO) for International Packaging...
Pakistan’s Competition Watchdog objects to Telenor’s acquisition by PTCL
ISLAMABAD: An investigation by the Competition Commission of Pakistan (CCP) has provisionally concluded that M/s. Pakistan Telecommunication Company Limited’s (PTCL) proposed acquisition of M/s. Telenor...
Attock Petroleum Profitability arrives at PKR 86.65/share in 9MFY24
Attock Petroleum Limited (APL) announced the financial result for 9MFY24, whereby the company has posted a net profit of PKR 10,780mn (EPS: PKR 86.65) against...