State Bank Suspends the Authorization of Exchange Companies of ‘B’ Category
State Bank of Pakistan has suspended, with immediate effect, the authorization of the following Exchange Companies –B Category till further orders due to serious violations of the State Bank’s regulations and instructions: M/s International Exchange Company –B (Pvt) Limited, M/s World Wide Exchange Company –B (Pvt) Limited, M/s World Exchange Company –B (Pvt) Limited, M/s…
Adil Aziz
TPL and WWF-Pakistan Join Forces to Restore Karachi’s Coastal Ecosystem
It was a day of unity, passion, and purpose as TPL, a leading technology-driven conglomerate, teamed up with WWF-Pakistan to make a lasting impact on Karachi’s coastal ecosystem. The event, which took place on Thursday, 5th October 2023, at the WWF Wetland Centre in Karachi, demonstrated TPL’s commitment to environmental conservation and community engagement. The…
Rupee gains 99 Paisa against Dollar
Pakistani Rupee on Wednesday witnessed the 25th consecutive recovery session as it gained 99 Paisa against the US dollar in the Interbank trading and closed at Rs.279.51 against the previous day’s closing of Rs.280.50. However, according to the Forex Association of Pakistan (FAP), the buying and selling rates of the dollar in the open market…
Pakistan, IsDB explore ways to promote economic cooperation
Federal Minister for Finance, Revenue, and Economic Affairs, Dr. Shamshad Akhtar met Chairman of the Islamic Development Bank (IsDB) Group, Dr. Muhammad Sulaiman Al Jasser in Morocco. According to press statement issued by finance ministry, the meeting aimed to foster productive discussions on economic cooperation and development initiatives. Both sides explored various avenues to strengthen…
CDNS secures Rs 20 Billion in Islamic finance for first quarter of 2023-24
The Central Directorate of National Saving has secured Rs 20 billion in the Islamic Finance in the first quarter of the current Fiscal Year from July 1st to September 30th 2023-24. The Central Directorate of National Saving has set a target of Rs 75 billion in Islamic fiscal year 2023-24 to promote the Islamic financial…
Any new type of wealth tax will be detrimental to economy: Suleman Chawla
Mr. Muhammad Suleman Chawla, Acting President FPCCI, has apprised that the business, industry and trade community is worried over the news that some sort of renamed wealth tax is being considered to be imposed to fulfill the never-ending, anti-business conditionalities of international financial institutions (IFIs). We have time and again maintained that business, trade, commercial…
PSX announces recipients of the top 25 companies awards 2022
In an exciting development for the capital markets and the economy as a whole, the Pakistan Stock Exchange announced the much-awaited list of the Top 25 Companies Awards recipients for the year 2022. These are the most prestigious and coveted awards in the corporate sector and were initiated by the Exchange in 1978, according to…
Jazz emerges as Pakistan’s top innovation performer in global innovation index
Jazz, Pakistan’s leading digital operator, has been recognized as a top innovation performer in the Global Innovation Index 2023, released by the World Intellectual Property Organization (WIPO), a specialized agency of the United Nations. This recognition is a testament to Jazz’s unwavering commitment to innovation and its exceptional ability to adapt to the evolving needs…
Mobilink Bank Receives CFA Society Award for Best Digital Banking Services
Mobilink Bank’s outstanding accomplishments have garnered recognition at the prestigious 20th Annual Excellence Awards, hosted by the CFA Society Pakistan. The Bank was honored with the coveted title of “Best Digital Banking Services Award of the Year 2022” within the Microfinance Bank Category, solidifying its position as a trailblazer in the digital banking arena. Furthermore,…
Pink Riders and TPL Insurance Launch Groundbreaking Bike Insurance Product
Pink Riders, a leading organ’ization empowering women rider in Pakistan, and TPL Insurance, one of the country’s largest insurance companies, today announced the launch of a groundbreaking bike insurance product that redefines the industry. This innovative offering combines motorcycle insurance with an additional layer of breast cancer coverage. The partnership emphasizes the importance of bike…