Pakistan’s internet shutdown sparks controversy and criticism
Country’s telecom authority, the Pakistan Telecommunication Authority (PTA), has reportedly launched an investigation into the alleged internet shutdown that occurred on Sunday, ahead of a...
Pakistan’s auto assembling sector shines despite import woes
KARACHI: Pakistan’s auto assembling sector has been in the spotlight at the Pakistan Stock Exchange (PSX) outperforming the KSE 100 Index by 12% since Pak...
UBL to set up exchange company and sell UK subsidiary
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 to...
Zyp Technologies to revolutionize transportation with electric motorcycles amid soaring petrol prices in Pakistan
KARACHI: As Pakistan grapples with skyrocketing petrol prices, a glimmer of hope has emerged on the horizon with the announcement of a groundbreaking initiative by...
Automobile sales roar back to life in August 2023, surging 49%
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, representing...
Indus Motor plans to introduce locally assembled Toyota hybrid cars in 4-6 months
KARACHI: Indus Motor Company, the producer of Toyoto cars, announced that its Hybrid facility is under construction and it plans to launch the HEV car...
OGDCL deploy production optimization initiatives, achieves major boost from Siab-1 Well
KARACHI, PAKISTAN: The Oil & Gas Development Company Limited (OGDCL) has achieved a major boost in its hydrocarbon production from the Siab-1 well, located in...
Pakistan blocks 120 loan apps from Google Play and Apple stores
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 that...
Summit Bank Limited changes name to Bank Makramah Limited
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 Limited...
Divestment of Shell Pakistan by parent company may value around US$140mn
KARACHI, PAKISTAN: Shell Pakistan Limited (SHEL) is set to be sold by its parent company, Shell Global. The announcement was made in a notice to...
Pakistan’s petroleum sales plunge by 40% YoY in May 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 the...
PSX launches new trading & surveillance system to boost market efficiency and security
Karachi, Pakistan: Pakistan Stock Exchange (PSX) has officially launched a new trading & surveillance system (NTS) that aims to upgrade and enhance its technological capacity...