UBL to set up exchange company and sell UK subsidiary September 12, 2023 KARACHI, UK: United Bank Limited (UBL) has announced its plans to establish an exchange company with a paid-up capital of PKR 1.0 billion, subject…
Zyp Technologies to revolutionize transportation with electric motorcycles amid soaring petrol prices in Pakistan September 12, 2023 KARACHI: As Pakistan grapples with skyrocketing petrol prices, a glimmer of hope has emerged on the horizon with the announcement of a groundbreaking initiative…
Automobile sales roar back to life in August 2023, surging 49% September 11, 2023 KARACHI: Pakistan’s automobile industry experienced a significant surge in sales during the month of August 2023, with a staggering 7.6K units sold. This surge,…
Indus Motor plans to introduce locally assembled Toyota hybrid cars in 4-6 months September 5, 2023 KARACHI: Indus Motor Company, the producer of Toyoto cars, announced that its Hybrid facility is under construction and it plans to launch the HEV…
OGDCL deploy production optimization initiatives, achieves major boost from Siab-1 Well August 30, 2023 KARACHI, PAKISTAN: The Oil & Gas Development Company Limited (OGDCL) has achieved a major boost in its hydrocarbon production from the Siab-1 well, located…
Pakistan blocks 120 loan apps from Google Play and Apple stores August 17, 2023 ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP), the regulator of the non-banking finance sector, has taken strict action against illegal loan apps…
Summit Bank Limited changes name to Bank Makramah Limited July 18, 2023 KARACHI, PAKISTAN: Summit Bank Limited announced that the State Bank of Pakistan has granted its consent to change Summit Bank’s name to Bank Makramah…
Divestment of Shell Pakistan by parent company may value around US$140mn June 15, 2023 KARACHI, PAKISTAN: Shell Pakistan Limited (SHEL) is set to be sold by its parent company, Shell Global. The announcement was made in a notice…
Pakistan’s petroleum sales plunge by 40% YoY in May 2023 June 2, 2023 The sales of petroleum products in Pakistan witnessed a sharp decline of 40% year-on-year (YoY) in May 2023, reaching 1.30 million tons, according to…
PSX launches new trading & surveillance system to boost market efficiency and security May 24, 2023 Karachi, Pakistan: Pakistan Stock Exchange (PSX) has officially launched a new trading & surveillance system (NTS) that aims to upgrade and enhance its technological…