S&P downgrades outlook on Pakistan’s long term ratings to negative
After Moody’s and Fitch, the S&P Global Ratings on Thursday revised the outlook on Pakistan’s long-term ratings to negative from stable. The S&P affirmed its ‘B-’ long-term and ‘B’ short-term sovereign credit ratings on Pakistan, as well as ‘B-’ long-term issue rating on the country’s senior unsecured notes and Sukuk Trust Certificates. “Pakistan’s external position…
Adil Aziz
Capital’s air quality moderate as gusty weather slightly increases pollutant ratio
The air quality of the federal capital after scattered thunderstorms during rainy weather turned moderate on Friday after the pollutant ratio though less than the permissible limits witnessed a slight spike in their atmospheric concentration. The air quality was recorded moderate as suspended particles were noted below permissible limits in the atmosphere along with the…
ECC lifts ban on imports
The ECC approved the lifting on the ban on the import of 33 non-essential categories, except imported vehicles, mobile phones and home appliances. The Economic Coordination Committee of the Cabinet on Thursday approved the lifting on the ban on the import of 33 non-essential categories, except imported vehicles, mobile phones and home appliances. The ban…
SECP proposes to reduce statutory Forms from 75 to 27 under Companies Act
In order to facilitate the corporate sector in complying with the applicable regulatory requirements, the Securities and Exchange Commission of Pakistan (SECP) has issued draft Companies Regulations, 2022. It is a consolidated version of nine separate regulations, earlier framed under section 512 of the Companies Act, 2017. The consolidated regulations aim to standardize forms/applications filed…
Government promoting foreign investment to strengthen national economy: PM
Prime Minister Shehbaz Sharif on Friday said promotion of foreign investment in the country was one of the top priorities of the government. Talking to a delegation of the Pakistan America Business Forum, he said the government was committed to ensuring favourable conditions for foreign investors with the aim to strengthen the national economy. The…
Attracting US investment a top priority: Miftah
Federal Minister for Finance and Revenue, Miftah Ismail said here on Friday that attracting the United States foreign investment in different sectors of country’s economy was the government’s top priority. The minister was talking to Ambassador of the United Stated of America to Pakistan, Donald Blome who called on him here, according to press statement…
“Digital aggregators and platforms are the most effective ways to connect with the masses”, CEO TPL Insurance
With an economic storm on the horizon, people in Pakistan are looking toward financial safety. While rising operational costs and competitive premium pricing are an ongoing struggle, customers can opt to insure themselves and their possessions from possible risks. TPL Insurance has disrupted the existing insurance ecosystem with initiatives that have enabled new industry benchmarks…
Nestlé reports H1 sales for 2022
Nestlé Pakistan reported its financial results for the first half of the year, posting a revenue of PKR 80.4 billion, an increase of 22.2% compared to same period of last year. The results were announced during a board meeting at the Company’s Head Office. The growth was broad based, driven by normalization of economic activities…
PTCL & Ufone swiftly restore network disrupted by torrential rains, flooding in the Southern region
PTCL and Ufone have swiftly restored their network disrupted by heavy rains and flooding in parts of Balochistan and Sindh in a record time through rapid mobilization of their on-ground resources. The torrential rains also caused major damage to road and bridge infrastructure in the region, further intensifying the challenge of timely restoration of the…
Textile Magnate Alkaram joins hands with ABHI to offer Earned Wage Access to all its employees across the country
Alkaram, one of the biggest names in Pakistan’s textile industry, is partnering with ABHI, Pakistan’s first financial wellness platform, to offer its employees the facility of Earned Wage Access. ABHI’s goal is to provide financial wellness services to all employees in Pakistan, giving them the ability and freedom to access their earned but unpaid salaries,…