SBP’s Monetary Policy committee decided to maintain the policy rate at
22 percent
The Monetary Policy Committee (MPC) decided to maintain the policy rate at 22 percent. This decision takes into account the latest inflation out turn reflecting the continuing declining trend in inflation from its peak of 38 percent in May to 27.4 percent in August 2023. Even though global oil prices have risen recently and are…
Adil Aziz
Pakistan, Connecticut resolve to boost trade, investment, people-to People linkages
“Profitable business ventures of around 80 US multinational companies have proved that Pakistan is a resilient and rewarding market. The enterprising middle class of Pakistan and a huge market of its neighborhood comprising Central Asia, West Asia, Middle East and the gulf region has created a demand factor that needs to be fulfilled,” said Pakistan’s…
State Bank Holds Unique Art Exhibition to Commemorate 75 years of its inception
An art exhibition titled ‘Resurgence: A Kaleidoscope of Dreams’ was held at the SBP Museum at Karachi on September 13, 2023. The exhibition aimed at celebrating the 75-year journey of SBP and Pakistan’s national development, and provided a platform to talented young artists from across the country to envision a progressive future. In his speech…
SECP registered 2,847 new companies in the month of August 2023
The Securities and Exchange Commission of Pakistan (SECP) registered 2,847 new companies in the month of August 2023, taking the total number of registered companies in the country to 200,629. The incorporations recorded 20.6% increase as compared to the same period last year and 99.7% were registered online. The total capitalization of these companies was…
PTCL achieves seamless go-live of SAP S/4HANA for enhanced efficiency and growth
Pakistan’s leading ICT services provider, PTCL Group (PTCL & Ufone 4G) have successfully implemented SAP RISE with SAP S/4HANA, marking an innovative digital transformation within the telecom sector. This strategic move is poised to modernize PTCL Group’s corporate operations, fostering efficiency, effectiveness, and a culture of digitization. The official go-live ceremony took place at PTCL…
Ufone 4G offers free calls to earthquake-hit Morocco
Pakistani telecommunication company, Ufone 4G, offers free calls to Morocco in its aim to help people connect with their loved ones in the wake of a recent earthquake. Large-scale casualties and mass displacements have been reported from the North African country, which also hosts a significant number of Pakistani diaspora. An extension of Ufone 4G’s…
Motorbikes, three-wheelers sale drops 18.56% during July-August
The sale of motorbikes and three-wheelers in the country has witnessed a decrease of 18.56 per cent during the first two months of the current fiscal year (2023-24) as compared to sales of the corresponding months of the last year. During the months under review, as many as 161,906 motorbikes and three-wheelers were sold against…
Apple’s iPhone 15 debut includes higher price on top model
The company unveiled four new models iPhone 15, 15 Plus, 15 Pro and 15 Pro Max, Apple is also releasing the phone’s latest operating system, iOS 17, on Sep 18 APPLE introduced its latest iPhones at an event on Tuesday (Sep 12), banking on new materials, camera upgrades and improved performance to coax back consumers…
US magazine ranks NESPAK among top global firms
The US-based ranking magazine ENR (Engineering News-Record) has ranked National Engineering Services Pakistan (NESPAK) as top international construction firm for the fifth consecutive year. NESPAK Acting Managing Director Zargham Eshaq Khan told media that the ranking list published in the ENR August Issue as part of its top international/global contractors’ feature. He added that this…
PTCL & DynaSys join hands to take IoT & Satellite Communications
Pakistan Telecommunication Company Limited (PTCL) and DynaSys Networks (DynaSys) announced the signing of two Memoranda of Understandings (MoUs) at a ceremony held at the National Aerospace Science and Technology Park (NASTP) in Rawalpindi. The signing ceremony was jointly chaired by Aamer Ejaz, Group Vice President, Carrier Services, PTCL & Ufone 4G and Ali Akhtar, Founder…