Social Media platform X restores services after global outage
SOCIAL media platform X, formerly known as Twitter, was restored globally early on Thursday (Dec 21), with over 77,000 US users facing issues at the peak of the outage.
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Malaysian govt. bans Israeli-flagged ships in their water territory
MALAYSIA banned Israeli-flagged cargo ships from docking at its ports in response to Israel’s actions in Gaza, which it said ignores “basic humanitarian principles”.
Production of Large Scale Industries output decline by 0.44%
Large Scale Manufacturing Industries in the country witnessed a negative growth of 0.44 percent during the first four months of the current fiscal year as compared to the corresponding period of year 2021-22, the Pakistan Bureau of Statistics reported.
SECP’s ‘International InsureImpact Conference 2023’ concludes
The Securities and Exchange Commission of Pakistan hosted the International InsureImpact Conference 2023 on December 13-14. On the conference’s second day, prominent experts and professionals from the insurance and financial sectors discussed crucial issues within the insurance industry to outline a strategic roadmap for the future trajectory of the country’s insurance sector.
Developing Asian Nations 2023 growth outlook upgraded to 4.9%
The Asian Development Bank has raised its economic forecast for developing economies in Asia and the Pacific to 4.9 percent.
Gohar unveils new collaborative potential with Chinese company in different sectors
Minister for Commerce Dr Gohar Ejaz, who is currently on an official visit to China, visited the Hengli Group headquarters, a trailblazing entity in oil refining, petrochemicals, polyesters, and textiles to explore collaboration and boost bilateral ties.
First Ijarah Sukuk Auction at PSX results in resounding success
The first primary market auction of the government of Pakistan one-year Ijarah Sukuk at Pakistan Stock Exchange (PSX) has resulted in a resounding success, the Stock exchange said in a statement.
1,446 graduates receive degrees as IoBM hosts 26th annual Convocation
The Institute of Business Management, held its 26th Convocation at its campus on Saturday, December 09, 2023. 1,446 graduates from more than 40 disciplines including Bachelor’s, Master’s, and Ph.D. were conferred degrees at the ceremony this year that was attended by senior representatives from IoBM, graduating students, their parents, and faculty.
Workers’ remittances record inflow of $2.3 billion in November
The overseas workers’ remittances recorded an inflow of $2.3 billion during last month, the State Bank of Pakistan reported.
SECP to releasing International Financial Reporting Standard for insurance industry
The Securities and Exchange Commission of Pakistan has notified the adoption of the International Financial Reporting Standard (IFRS) 17 – Insurance Contracts – for the companies engaged in insurance/Takaful and re-insurance/re-Takaful business.