Pakistan’s banking sector contributes heavily to national development, faces challenges

Pakistan’s banking sector remains a cornerstone of the nation’s economic development, contributing significantly to tax revenues, employment, and financial inclusion, according to a recent address by Zafar Masud, Chairman of the…

NNR February 26, 2025

PSX

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. This $20 billion investment will…

NNR February 15, 2025

PSX

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 by 70% to 29,000 metric…

NNR February 5, 2025

PSX

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) has criticized Pakistan's approach as…

NNR November 7, 2024

PSX

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 a potential shift in the…

NNR September 30, 2024

PSX

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 to significantly enhance the availability…

NNR September 12, 2024

PSX

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 empower businesses, brands, content creators…

NNR August 29, 2024

PSX

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 insurance repository. The CDC will…

NNR July 18, 2024

PSX

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 Asset Purchase Arrangement (APA).

NNR July 4, 2024

PSX

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 (FBR) for consideration in the…

NNR June 6, 2024

PSX

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 Films Limited (IPAK). The Book…

NNR May 6, 2024

PSX

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 Pakistan (Private) Limited (TP) and…

Muhammad ALI May 6, 2024