Spotify reunites with Coke Studio to continue elevating local artists
Two of Pakistan’s most influential music powerhouses, Spotify and Coke Studio Pakistan, have teamed up for the second consecutive season to celebrate local music, talent and culture. On 14 April, Coke Studio Pakistan kicked off Season 15 with another star-studded line-up producing some sensational tracks, and Spotify is ready to offer fans an immersive audio journey with new releases and special curated playlists on the Coke Studio in-app destination, a signature highlight of this partnership on Spotify.
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PSX Issues the ESG Primer for Listed Companies
PSX has taken yet another major step in realising its vision of ESG readiness for listed companies by issuing the PSX Primer on Environmental, Social & Governance (ESG). The sector agnostic Primer on ESG is a detailed booklet and first of a series of publications meant for guiding listed companies on reporting on ESG. The PSX Primer enables listed companies to understand ESG opportunities and risks, and educates stakeholders on the usage of ESG data while providing guidance to listed companies on producing a Sustainability Report. This is in line with the roadmap and guidance framework of the SECP to promote and encourage ESG reporting among listed companies.
Big industry grows by 0.06 % in February 2024
The output of the Large Scale Manufacturing Industries (LSMI) witnessed an increase of 0.06 per cent during the month of February 2024 compared to the same month of last year, the Pakistan Bureau of Statistics (PBS) reported.
Pakistan initiates discussing new multi-billion loan programme with IMF
Pakistan has initiated discussions with the International Monetary Fund (IMF) over a new multi-billion dollar loan agreement to support its economic reform program, Federal Minister for Finance and Revenue, Muhammad Aurangzeb said.
24th ITCN Asia to be held on April 18 in Lahore
The 24th edition of ITCN Asia, Pakistan’s biggest IT and telecom expo and conference, will take place on April 18–20 at Expo Center in Lahore. State Minister for IT & Telecom Shaza Khawaja will be the chief guest and HE Deemah Al Yahya, Secretary General of Digital Cooperation Organization will be the global guest of honor at the inauguration of the three-day trade fair.
IFC approves financing for PTCL Group’s acquisition of Telenor Pakistan
The Board of Directors of the International Finance Corporation (IFC) has provided a go-ahead for financing to PTCL Group for the purchase of Telenor Pakistan. The decision follows PTCL Group’s signing of a share purchase agreement with Telenor Pakistan for the acquisition of a 100 percent stake in the company on a cash-free, debt-free basis.
American Business Council proposes steps for documenting economy
The American Business Council (ABC) of Pakistan has proposed documenting the country’s economy by emphasizing tax reforms and ease of doing business in the upcoming budget 2024-25.
State Bank declared three days holidays for banks
The State Bank of Pakistan will remain closed from 10th to 12th April, 2024 (Wednesday to Friday)
being public holidays on the occasion of Eid-ul-Fitr.
Pakistan, Azerbaijan committed to boost trade, working on to finalization of PTA
Pakistan and Azerbaijan aimed to boost economic and trade ties by seeking finalization of a bilateral Preferential Trade Agreement (PTA) to increase the bilateral trade between both of countries.
CCP issues show cause notices to fertilizer firms
The Competition Commission of Pakistan (CCP) issued Show Cause Notices to the Fertilizer Manufacturers of Pakistan Advisory Council (FMPAC) and six leading fertilizer companies for allegedly fixing urea prices, a prima facie violation of Section 4 of the Competition Act, 2010.