CCP Imposes Rs.1.5 Billion Fine on Steel Firms for Price-Fixing
The Commission’s detailed order notes that ASML and ISL coordinated pricing strategies, fixed flat steel prices, and exchanged commercially sensitive information, thereby distorting competition and harming consumers. The CCP inquiry report suggested that the steel cartel increased prices by an average of 111%, with raw steel prices surging by Rs146,000 per tonne over three years….
Mehfooz
ABHI Selected for Mastercard’s Start Path Small Business Program
ABHI, a neobank of the future that is revolutionizing access to earned wages and SME financing in emerging markets, has been selected as one of the eight startups worldwide to join Mastercard Start Path’s Small Business program.
Adil Aziz
October 15 Is the New Deadline for Income Tax Filing
BR has extended the deadline for filing of Income Tax Returns for Tax Year 2025 till October 15, 2025.
Editor
Mobilink Bank, TPL Life collaborate to provide critical healthcare at flood affected areas
Mobilink Bank, has collaborated with TPL Life, a digital insurance provider, to extend much-needed healthcare support to flood-affected communities across Punjab.
Aik by Bank Islami and PTCL Strengthen Pakistan’s Digital Banking Ecosystem with Cloud-Based Solutions
Aik, Pakistan’s first Islamic digital banking platform, has entered into a strategic partnership with Pakistan Telecommunication Company Limited (PTCL) to bolster its infrastructure with secure and reliable services using PTCL Smart Cloud.
Tax Return Deadline Enforcement Strict – No Extra Time This Year
FBR has taken notice of unverified reports circulating on various media platforms claiming that the deadline for filing Income Tax Returns for Tax Year 2025 will be extended. Some elements have also attempted to link this perceived extension to the recent floods.
Bank Alfalah and NCCPL Sign MoU to Strengthen Commercial Banks’ Role in Pakistan’s Capital Markets
Bank Alfalah Limited, one of Pakistan’s leading commercial banks, and the National Clearing Company of Pakistan Limited (NCCPL) have signed a Memorandum of Understanding (MoU) to explore opportunities that will enhance commercial banks’ participation in Pakistan’s capital markets, increase liquidity, and help in broadening the investor base. Under the MoU, BAFL will evaluate multiple avenues,…
Jubilee Life and UBL jointly launch Jubilee Traditional Endowment Products
Jubilee Life Insurance Company Limited (JLI), Pakistan’s largest private sector insurer, and United Bank Limited (UBL), one of the country’s largest financial institutions, have entered into a strategic partnership to launch innovative insurance solutions aimed at delivering greater financial security and long-term value to customers.
Pakistan’s Mining Sector Can Grow From $2 Billion to $8 Billion by 2030: Shamsuddin Shaikh
Pakistan’s mining sector is on the cusp of transformation, with annual revenues projected to grow from the current $2 billion to $6–8 billion by 2030, if the country seizes the opportunity to tap its vast reserves.
Car sales soar 40% and production jumps 101% in first two months of FY 2025-26
Among cars, Toyota Corolla and Toyota Yaris cars sale also grew by 86.11 percent from 2,671 units to 4,971 units while the sale of Honda cars witnessed a nominal decline of 1.12 percent from 1,863 units during last year to 1,842 units during current year.