Meezan Bank & Arif Habib Group sign partnership for apartment development
KARACHI, PAKISTAN: Arif Habib Group (AHG), and Meezan Bank Limited (MBL) have entered into a strategic partnership to jointly develop and sell apartment towers at...
Monitoring of foreign exchange operations enhanced
KARACHI, PAKISTAN: In view of recent volatility in the exchange rate and the difference between the interbank rate and the rate offered by Exchange Companies...
Engro and Excelerate Energy sign MoU to develop private RLNG sector in Pakistan
KARACHI, Pakistan: Engro Eximp FZE, a subsidiary of Engro Corporation, announced today that it has entered into a Memorandum of Understanding (“MOU”) with Excelerate Energy...
Supernet and Trend Micro win Rs450mn Threat Protection System Project
KARACHI, PAKISTAN: Supernet Limited in conjunction with their Japanese technology partner Trend Micro Incorporated have been awarded a new multi-year project for the acclaimed “Tipping...
Finnfund acquires 17.59% stake in TPL Insurance Limited
KARACHI, PAKISTAN: Finnfund, a major development financier and impact investor in Finland, investing in responsible and profitable businesses in developing countries, has invested by acquiring...
Morinaga Milk Japan to acquire ICI Pakistan’s NutriCo Morinaga for $56.6mn
KARACHI, PAKISTAN: ICI Pakistan Limited has received a conditional offer from Morinaga Milk Industry Co. Ltd, Japan to acquire an aggregate of approximately 33.3% of the issued and paid...
PSX welcomes US Ambassador visit with a Gong Ceremony
KARACHI, PAKISTAN: A Gong Ceremony was held at Pakistan Stock Exchange (PSX) on the visit of the Ambassador of the United States of America to...
Pakistan government to impose Rs80bn additional taxes on banking companies
KARACHI: The rate of tax applicable to the taxable income of banking companies is proposed to be enhanced to 45 per cent from 35 per...
Pakistan’s central bank warns against forex trading on offshore platforms
KARACHI, PAKISTAN: Pakistan’s banking regulator has issued an advisory against Illegal offshore forex trading websites, mobile applications and platforms. “Buying products and services being offered...
Bank Alfalah partners with Paymob to drive digital payment acceptance in Pakistan
LAHORE, PAKISTAN: Bank Alfalah in Pakistan has partnered with Paymob, MENA’s market-leading digital payments provider. The two organizations have collaborated to activate and support merchant...
Finnfund Equity Stake in TPL Insurance
KARACHI, PAKISTAN: : TPL Insurance Limited, a subsidiary of TPL Corp Limited, has entered into a Share Subscription Agreement and a Shareholders Agreement with Finnfund,...
Car prices increase by an average 9.4% in March
KARACHI: In a fresh round of car prices increase, the automobile assemblers in Pakistan, across the board have hiked the prices by an average 9.4%...