EOBI announces 15% increase in pension, effect from Jan 2025
The Employees Old Age Benefits Institution (EOBI) has unveiled a significant increase in the minimum pension, bringing much-needed financial relief to pensioners nationwide. This decision reflects the organization’s commitment to enhancing the welfare of retired workers, ensuring they receive better support in the face of rising living costs.
Adil Aziz
Jazz Brings the Iconic Nothing Smartphones to Pakistan for the First Time
ROX, Pakistan’s leading youth lifestyle brand from Jazz, has partnered with Nothing, the London-based tech company known for its iconic transparent design and cutting-edge performance, and Yello stone Technologies, a leading distribution company in Pakistan, to officially launch Nothing’s iconic devices in the country for the first time.
World Bank Funds $108M for Tourism and Rural Infrastructure
The international lender okayed $78 million in additional financing to Khyber Pakhtunkhwa Rural Accessibility Project (KPRAP); and $30 million to Khyber Pakhtunkhwa Integrated Tourism Development Project (KITE), enabling both projects to achieve their objectives in improving access to health and education services, markets and jobs, in a way that strengthens resilience to natural disasters in the province.
LUMS Law Clinic Launched: Bridging Legal Education with Public Service
The LUMS Law Clinic is designed to equip students with real-world legal experience while promoting access to justice and legal literacy. It supports a range of pro bono services—including legal representation in family and bail matters, and the provision of legal literacy sessions in prisons—delivered in partnership with the Punjab Prisons Department and Women Crisis Center, Lahore.
Overseas Pakistanis Can Now Register Mobile Devices for 120 Days—Here’s How!
The Pakistan Telecommunication Authority (PTA) has the Temporary Mobile Registration System to facilitate overseas Pakistanis and foreign nationals visiting the country. Under this initiative, temporary visitors can register their personal mobile devices for a period of up to 120 days, and this facility can be availed during each visit to Pakistan.
PRGMEA Urges Action on EFS Reforms, Tax Policy Reversal, and U.S. Tariff Impact
Federal Minister for Planning, Development and Special Initiatives, Prof. Ahsan Iqbal, and Federal Minister for Defence, Khawaja Muhammad Asif, have pledged to raise the critical concerns of exporters at the highest levels of government. Speaking at a high-level Exporters’ Convention hosted by the Pakistan Readymade Garments Manufacturers & Exporters Association (PRGMEA) in Sialkot, both ministers assured the industry of their unwavering support.
Boeing Confirms Aircraft Shipments to China Halted Due to Tariffs
Boeing’s CEO confirmed on Wednesday (April 23) that China has halted acceptance of new aircraft due to ongoing tensions in the US-China trade war. The announcement comes as Boeing’s shares surged, buoyed by investor optimism after the company reported a smaller-than-expected quarterly loss, signaling resilience amid geopolitical and supply chain challenges.
RDA inflows rise to $10.003 Billion in March 2025
The inflow of remittances under Roshan Digital Account (RDA) has risen to US $10.003 billion by the end of March 2025 as compared to US $9.768 billion by February (2025) end.
PSW, AKS-iQ collaborate to strengthen TBML compliance and fintech innovation
Pakistan Single Window (PSW) and Karachi-based RegTech firm AKS-iQ have entered into a strategic partnership aimed at bolstering trade-based money laundering (TBML) compliance and advancing innovation in the country’s fintech sector.
Bank Alfalah Reports Strong Performance in Q1 2025 Results
The Bank reported a profit after tax of PKR 7.040 billion, translating into an Earning Per Share (EPS) of PKR 4.46. The Board of Directors also declared an interim cash dividend of PKR 2.5 per share (25%) (Same Period Last Year (SPLY): Rs.2.00 per share (20%).