KE Files Rs. 4.86/ kWh FCA for April
K-Electric requested the National Electric Power Regulatory Authority (NEPRA) to increase the power tariff by Rs. 4.86 per unit on account of fuel charges adjustment (FCA) for the month of April. The major impact on the monthly Fuel cost adjustment of April 2022 is due to an increase in the fuel price increase of Furnace…
Adil Aziz
PSX Joins SSE Initiative
Pakistan Stock Exchange (PSX) is proud to join the Sustainable Stock Exchanges (SSE) Initiative. The SSE Initiative is a partnership program under the auspices of the UN organised by United Nations Conference on Trade and Development (UNCTAD), the UN Global Compact, United Nations Environment Programme Finance Initiative (UNEP-FI) and the Principles for Responsible Investment (PRI)….
Jubilee Life Insurance wins Two Major Awards at The Pakistan Digital Awards 2022
Jubilee Life Insurance, the leading life insurance company in the private sector, has been awarded with two major accolades at the Pakistan Digital Awards Ceremony 2022. For its exceptional outreach, the campaign for HBL PSL Season 6 by Jubilee Life Insurance bagged the ‘Best Integrated Media Strategy’ award while the campaign for the Jubilee Life…
The Government and SBP refute baseless claims circulating on social media regarding Foreign Currency Accounts, Roshan Digital Accounts and Safety Deposit Lockers
The Government of Pakistan and the State Bank of Pakistan assure all account holders maintaining Foreign Currency Accounts (FCA), Roshan Digital Accounts (RDA) and Safety Deposit Lockers in banks in Pakistan that their accounts and lockers are completely safe, and that there is no proposal under consideration to put any restriction on them. Rumours are…
Digitized Financial Inclusion may change fate of underprivileged: Experts
Banking the unbanked population through digitized financial inclusion may bring positive change in the lives of the underprivileged populations and the national economy. This was stated by banking leaders and financial experts while sharing their views during a panel discussion “Digital Affairs: Financial Inclusion in Pakistan” hosted by Karachi Council on Foreign Relations (KCFR) in…
APCNGA preparing working paper to ensure smooth gas supply, reduce oil import bill
Central Leader of All Pakistan CNG Association (APCNGA) Ghiyas Abdullah Paracha said the association was preparing a working paper, suggesting the government corrective measures to ensure uninterrupted supply of gas to consumers of all categories and reduce the country’s oil import bill. “We are preparing a working paper to suggest solutions to reduce approximately Rs…
Exports surge by 27.78% to $28.8billion in 11 months
On year-on-year basis, the exports from the country increased by 55.66 percent during May 2022 to $2.601 billion as compared to the exports of $1.671 billion during the same month of last year The exports from the country witnessed an increase of 27.78 percent during the first eleven months of the current fiscal year (2021-22)…
SBP unveils Easy Data, in a move aimed at supporting economic research and enhancing transparency
Efficient, timely and reliable data dissemination is a core undertaking of central banks across the world. Open data availability supports informed decision-making by households, firms, governments, academics, and other stakeholders, including financial market participants. Like other central banks, the SBP has been providing economic and financial data to all stakeholders. At the same time, it…
Cordoba Logistics & Ventures Limited (“CLVL”) collaborate with foodpanda to provide bikes for riders
Cordoba Logistics & Ventures Limited (“CLVL”) and foodpanda Pakistan signed an MoU under which CLVL will facilitate foodpanda riders in acquiring motorcycles on an affordable basis to operate on the platform. The partnership extends across the country, offering foodpanda riders the necessary means to participate in the growing e-commerce sector, creating sustainable economic opportunities and…
SECP registers 1,906 new companies in May 2022
The Securities and Exchange Commission of Pakistan (SECP) registered 1,906 new companies in May 2022, raising the total number of registered companies to 169,919. This shows an increase of 19% as compared to corresponding period last year. Total capitalization (paid-up-capital) with regard to newly incorporated companies for the current month stood at Rs3.5 billion. Foreign…