PSX loses 956.42 points
The 100-index of the Pakistan Stock Exchange (PSX) witnessed bearish trend on Tuesday, losing 956.42 points, a negative change of 1.98 per cent, closing at 47,429.83 points against 48,386.25 points the previous trading day. A total of 336,078,121 shares were traded during the day as compared to 381,855,144 shares the previous day, whereas the price…
Adil Aziz
PTCL Flash Fiber users get exclusive access to 50 more HD channels on PTCL Smart TV
Pakistan’s largest telecommunications operator, Pakistan Telecommunication Company Limited (PTCL) has announced the addition of 50 High Definition (HD) TV channels on its Smart TV, which will be exclusively accessible to PTCL Flash Fiber users. The initiative brings the number of HD channels on PTCL Smart TV to 60, and the overall channel count to 200,…
SECP strengthens measures to prevent predatory lending in Digital Nano Lending
In order to curb predatory practices and ensure financial sustainability of the borrowers in the digital nano-lending sector, the SECP has imposed exposure limits on digital lenders and borrowers through its Circular 10 of 2023. A maximum limit of Rs. 25000/- has been imposed for individual borrowers from a single loan app, and the aggregate…
Apex committee of SIFC approves projects for attracting investments
under the umbrella of SIFC, in key sectors of agriculture, livestock, mining, minerals, information technology and energy The third Apex Committee meeting of Special Investment Facilitation Council (SIFC) initiative was held here on Monday (August 07) to continue the positive momentum to attract investment in various sectors of economy. The Apex Committee gave final approval…
Naveed Khalid Butt appointed as President of TOA Management Committee
Group Chief Regulatory Officer, PTCL & Ufone 4G, Naveed Khalid Butt has been appointed as the President of the Management Committee of the newly formed Telecom Operators Association (TOA). With all major Pakistani telecom operators aboard, the association aims to help foster digitization of national economy by advocating policy and regulatory interventions in the telecom…
Chinese company lauds multiple incentives at Gwadar Port Free Zone
The Pakistani government is very supportive of Chinese enterprises investing in Gwadar Port and has given multiple preferential policies including tax-free incentives, said Liu Hui, deputy general manager of China Linyi Trade City Co, a Chinese enterprise which has been operating in Gwadar Port Free Zone for many years. The Pakistani government is very supportive…
Majid Al Futtaim Increases Investment in Pakistan to PKR 12 Billion With Carrefour Store Opening
The opening of the first Carrefour supermarket in Islamabad at D12 Markaz marks the eleventh store in the country The store will serve a community of approximately 500,000 shoppers Majid Al Futtaim, owner and operator of Carrefour in Pakistan, has further increased its investment in Pakistan’s retail sector to PKR 12 billion with the inauguration…
Visa Eyes Regional Expansion, Officially Opens New Pakistan Office
Visa, the world’s digital payments leader has officially inaugurated its new office in Pakistan Visa’s expanded on-ground presence in Pakistan is a testament to its commitment to supporting the company’s financial institution and merchant clients, local government partners, investments and local communities as part of continued efforts to drive digitalization of the payments landscape. With…
Corporate farming to attract Rs 100 billion investment in agriculture sector: Khalid Khokhar
President Kissan Ittehad Khalid Mehmood Khokhar said that corporate farming will attract about Rs 100 billion investment in the agriculture sector within three years and help to achieve self-sufficiency in staple food crop production, besides attaining food safety and security in the country. Addressing a press conference, he dismissed all the misconceptions being created by…
Services’ trade deficit narrows by 87% in FY 2023
The services’ trade deficit shrank by 87.68 percent during the fiscal year 2022-23 as compared to the corresponding period of the previous year, Pakistan Bureau of Statistics reported. The services trade deficit was recorded at $719.45 million during July-June (2022-23) against the deficit of $5,840.11 million during July-June (2021-22). The exports of services during the…