Spotify partners with JazzCash to localize Premium Subscription Payments in Pakistan
The monthly Premium Individual subscription plan is priced at PKR 349, with payments made directly through the Spotify app, providing an affordable and convenient way to upgrade to Premium.
Mehfooz
SECP ceases guarantees business of Crescent Star insurance Limited
The Securities and Exchange Commission of Pakistan (SECP) has halted Crescent Star Insurance Limited’s (Crescent Star) guarantee business under Section 60 of the Insurance Ordinance, 2000. Crescent Star issued guarantees worth Rs.229 billion without obtaining the necessary collateral or valid reinsurance arrangements. Despite multiple opportunities to comply with regulatory requirements, Crescent Star failed to demonstrate proper collateral and reinsurance cover. Consequently, SECP has directed Crescent Star to cease its guarantee business and fulfill its obligations without rolling over existing guarantees.
Banks remain closed on Wednesday on the occasion of Quaid-e-Azam
The State Bank of Pakistan and all the banking and financial institutions will remain closed on Wednesday, December 25, 2024 on the occasion of Quaid-e-Azam Day and Christmas. The State Bank of Pakistan will observe a public holiday on Wednesday, December 25, 2024, in celebration of Quaid-e-Azam Day and Christmas. This holiday has been declared…
PSX stays bearish, loses 4,795 more points
The 100-Index of the Pakistan Stock Exchange (PSX) continued with bearish trend on Thursday, losing 4,795.32 points, a negative change of 4.32 percent, closing at 106,274.98 points as compared to 111,070.29 points on the last trading day.
Telenor signs Pakistan’s First-Ever tripartite MoU for smart metering
Telenor Pakistan has signed Pakistan’s first-ever tripartite Memorandum of Understanding (MoU) to implement smart metering at its Base Transceiver Station (BTS) sites across Azad Jammu & Kashmir (AJ&K).
Tetra Pak launches its first-ever Sustainability Report for Pakistan
Tetra Pak, a global leader in food processing and packaging solutions, has launched its inaugural Sustainability Report for Pakistan, serving as a local supplement to its FY23 global Sustainability Report.
SBP launches new version of eCIB System
The State Bank of Pakistan (SBP), announced the launch of the new eCIB System (V2), an advanced version of its Electronic Credit Information Bureau (eCIB) system that will be in operation with advent of the new year.
Enhancing Tax-to-GDP ratio crucial for economic stability, Says FBR Chairman
During his visit to the Lahore Chamber of Commerce and Industry (LCCI) on Tuesday, the FBR Chairman agreed with LCCI President Mian Abuzar Shad on the need to reduce sales tax, corporate tax, and income tax rates in Pakistan. However, he emphasized that these reductions would only be feasible if the taxation system effectively captures revenue from all economic segments.
Telenor velocity, STZA, Invest2Innovate host round-table to address funding challenges in Pakistan’s startup ecosystem
Telenor Velocity, Telenor Pakistan’s premier start-up accelerator program, in partnership with the Special Technology Zones Authority (STZA) and Invest2Innovate (i2i), successfully hosted a thought-provoking round-table discussion during the prestigious +92Disrupt 2024.
InfraZamin Pakistan, Saudi Pak Industrial and Agricultural Investment Co Ltd sign 11.5-years Renewable Energy Financing Facility to Acumen Energy of PKR 1.28 billion
InfraZamin Pakistan and Saudi Pak Industrial and Agricultural Investment Co Ltd signed a landmark transaction to provide an 11.5-year Distributed Solar Financing Facility to Acumen Energy Limited (Acumen) for PKR 1.28 billion. The Facility will be backed by a PKR 1.04bn credit guarantee to Saudi Pak and will mark InfraZamin’s first foray into renewable energy….