UAE Consul General Seeks to Boost Trade with Pakistan
Consul General, Hussain Muhammad held a meeting with the new Board of Pakistan Business Council (PBC) Dubai at the Consulate General of Pakistan.
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CM Maryam’s New Business Finance Scheme Set to Transform Punjab
Punjab Chief Minister Maryam Nawaz has unveiled the province’s largest-ever business finance initiative. The CM announced an allocation of over Rs.84 billion for the Punjab Easy Business Finance Scheme and more than Rs.48 billion for the Punjab Easy Business Card Scheme. A substantial portion of these funds, exceeding Rs.36 billion, will be used to offer interest-free loans to eligible individuals. These loans, amounting to up to Rs.1 million each, are expected to benefit over 30 million people in Punjab.
Cabinet Endorses Validation of Foreign Pilots’ Licenses in Pakistan
Cabinet Division to extend the validation of licenses for 86 foreign pilots, currently working in Pakistan, by two years.
CCP Approves 95.59% Acquisition of Alfalah Securities by Optimus Capital
The Competition Commission of Pakistan (CCP) has approved the acquisition of a 95.59 percent shareholding in Alfalah Securities (Private) Limited (ASPL) by Optimus Capital Management (Private) Limited (OCMPL) under a Share Purchase Agreement, following a comprehensive competition assessment.
Islamabad and Rawalpindi See a Surge in Online Shopping Preferences
The citizens of twin cities of Rawalpindi and Islamabad are getting more interest in online shopping to avoid spending more time and saving travelling expenses.
VEON Announces Aamir Ibrahim as New Group Executive Committee Member
Aamir Ibrahim, CEO of Jazz and Chairman of Mobilink Microfinance Bank, has joined the Group Executive Committee (GEC) of VEON in addition to his current responsibilities of heading all VEON businesses in Pakistan. His appointment to the GEC will further strengthen VEON’s strategic alignment to its markets and enable Aamir to contribute further to the…
Apple Slips from Top Spot to Third in China’s 2024 Smartphone Market
Apple was dethroned as China’s biggest smartphone seller in 2024, with local rivals Vivo and Huawei overtaking the iPhone maker after its annual shipments in the country declined by 17%, according to data from research firm Canalys.
Rs.30 Per Unit Power Tariff Slash for EV Sector Announced by PM to Encourage Investment
Prime Minister Muhammad Shehbaz Sharif hailed the drastic reduction of Rs30 per unit in power tariff for electric vehicles (EVs) as a propitious step for the sector to boost the emission-less and eco-friendly vehicles in the country.
New Agreements with 14 IPPs approved by government to cut Electricity Costs
The federal cabinet has given its approval to the power division’s recommendation to revise the negotiated settlement agreements with 14 Independent Power Producers (IPPs). This strategic move aims to significantly reduce electricity costs and is expected to save the national exchequer a substantial Rs.1.4 trillion.
Pakistan to Issue Panda Bonds by June, Finance Minister
Federal Minister for Finance and Revenue, Muhammad Aurangzeb, announced that Pakistan will issue Yuan-denominated Panda Bonds as early as June, aiming to further integrate its capital markets with China’s.