PSX Eases Eligibility Requirements for Investors of GEM Board Companies
Pakistan Stock Exchange (PSX), with the approval of the Securities and Exchange Commission of Pakistan, has significantly eased the requirements for eligibility of accredited individual investors investing in companies on the GEM Board. As per the new definition, accredited investors include those individual investors who have assets of atleast Rs 5 million which include but…
Adil Aziz
Meezan Bank leads Rs. 1 billion syndicated Islamic finance Facility for 7 MW solar power project
Meezan Bank, Pakistan’s leading Islamic bank and Burj Solar Energy Private Limited (BSEPL) has announced the financial close of Rs. 1 billion syndicated Islamic finance facility for BSEPL’s portfolio of renewable distributed power generation in Pakistan. The first tranche of Rs. 580 million will be used to finance the construction of 7 MW solar power…
Careem Pakistan to Invest $25m to Simplify and Improve Captain and Customer Experience in 2022
Careem recently announced an investment of $25 million to further simplify and improve Captains’ and Customers’ experience in Pakistan. The announcement was made by Feroz Jaleel, Country Head of Careem Pakistan, during the Sitara-e-Careem Award ceremony where the top-performing Captains were awarded for being of service with their hard work, dedication, and commitment. Senior leadership…
Martin Dow Marker Ltd. joins hands with Dawaai for ‘Patient Safety’ and ‘Access of Medicines’
Pakistan’s leading pharmaceutical company Martin Dow Marker Ltd. (MDM) signed a Memorandum of Understanding with a leading Online Pharmacy of Pakistan i.e., “Dawaai” for Joint Patient Awareness, Access & Care (JPAAC) program. The purpose behind this strategic collaboration is to increase patients’ awareness on disease and dosage compliance and the dissemination of reliable information to…
foodpanda collaborates with Punjab Food Authority to train Homechefs
In an effort to improve food packaging and follow hygiene standards during food preparation, foodpanda partnered with Punjab Food Authority (PFA) in order to train Homechefs regarding enhanced safety protocols and government SOPs. The training session was conducted with the objective to encourage and promote food safety culture across Punjab, training the Homechefs on basic hygiene…
Sino-Pakistan review progress on CPEC, SEZs
Pakistan and China on Friday reviewed the progress of China Pakistan Economic Corridor (CPEC), Special Economic Zones (SEZs) and also discussed the future plan for the completion of these projects. Both sides evaluated the development of CPEC,SEZs, particularly Rashakai, Allama Iqbal, Dhabeji and Bostan SEZs and expressed satisfaction over the achievements so far, said a…
President stresses enhanced Pak-Somalia ties in trade
President Dr Arif Alvi on Friday called for strengthening bilateral relations between Pakistan and Somalia in all areas of mutual interest, particularly trade and economy. The president said Pakistan had initiated the ‘Engage Africa Policy’, which would further boost bilateral relations with all African countries. The President expressed these views while talking to the outgoing…
NBP inaugurated the first Islamic Window ‘Aitemaad’
Pakistan’s largest public sector commercial bank, National Bank of Pakistan (NBP) inaugurated the first Islamic Window of NBP Aitemaad in the Main Branch of NBP in Karachi. The National Bank of Pakistan is Pakistan’s one of the largest commercial bank with over 1500 branches, and its Islamic Banking arm that provide Shariah compliant financial services…
Monetary Policy Statement
At its last meeting on 8th March 2022, the Monetary Policy Committee (MPC) noted in its statement the significant uncertainty around the outlook for international commodity prices and global financial conditions, which had been exacerbated by the Russia-Ukraine conflict. Given the unfolding situation, the MPC had highlighted that it “was prepared to meet earlier than…
Indicators show economy performing well despite challenges
Economic experts believe that political stability was imperative to continue the trend As demonstrated by various indicators, the county’s economy has been performing well so far despite global economic shocks caused due to Covid-19 pandemic and disruption in supply chain, hence necessitating the need for stability at political front to continue the trend. The economic…