SECP introduces digital-only insurers and microinsurers

ISLAMABAD, PAKISTAN: The Securities and Exchange Commission of Pakistan (SECP) has introduced registration regime for digital-only insurers and dedicated microinsurers. This will promote digitalization and improve customer convenience through instant…

NNR August 18, 2022

PSX

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 Naya Nazimabad. This collaboration will…

NNR August 4, 2022

PSX

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 (ECs) and banks to their…

NNR August 3, 2022

PSX

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 Inc. (NYSE: EE), a leading…

NNR August 3, 2022

PSX

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 Point” Threat Protection System (TPS)…

NNR August 1, 2022

PSX

Finnfund acquires 17.59% stake in TPL Insurance Limited

Ulla-Maija Rantapuska, Investment Manager at Finnfund, said, “We are happy to partner with TPL Insurance Limited, a pioneer in Pakistan in developing online insurance services, and see a possibility to…

NNR July 21, 2022

PSX

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 up share capital of NutriCo…

NNR July 14, 2022

PSX

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, Mr. Donald Blome, to…

NNR June 14, 2022

PSX

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 cent for tax year 2023…

NNR June 13, 2022

PSX

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 by platforms including OctaFX, Easy…

NNR May 18, 2022

PSX

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 acquisition and integration services across…

NNR April 18, 2022

PSX

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, a major development financier and…

NNR April 15, 2022