SBP, banks to remain closed for public dealing on 1 January
The State Bank of Pakistan (SBP), all banks and financial institutions will observe Bank Holiday on Wednesday and remain closed for public dealing.
Mehfooz
Spotify partners with JazzCash to localize Premium Subscription Payments in Pakistan
The monthly Premium Individual subscription plan is priced at PKR 349, with payments made directly through the Spotify app, providing an affordable and convenient way to upgrade to Premium.
Over $100 million in business deals signed in Build Asia 2024
The 18th edition of Build Asia 2024 witnessed handsome business activities with over 100 million deals were signed between foreign and local companies and buyers, in heavy machinery, innovative technological building solutions, climate-friendly developers, etc.
Editor
SECP ceases guarantees business of Crescent Star insurance Limited
The Securities and Exchange Commission of Pakistan (SECP) has halted Crescent Star Insurance Limited’s (Crescent Star) guarantee business under Section 60 of the Insurance Ordinance, 2000. Crescent Star issued guarantees worth Rs.229 billion without obtaining the necessary collateral or valid reinsurance arrangements. Despite multiple opportunities to comply with regulatory requirements, Crescent Star failed to demonstrate proper collateral and reinsurance cover. Consequently, SECP has directed Crescent Star to cease its guarantee business and fulfill its obligations without rolling over existing guarantees.
NLC & DP World Launch Historic Direct Shipping Service from Karachi to Chittagong
NLC and DP World have shipped more than 1,000 containers between Pakistan and Bangladesh since launching the first direct shipping route between the two countries in October, a strategic initiative that will significantly strengthen trade and regional connectivity in South Asia.
Adil Aziz
PTCL partners with IBM & GBM Pakistan to modernize its IT infrastructure using IBM technology
Pakistan Telecommunication Company Limited (PTCL), the country’s leading ICT services provider, has partnered with GBM Pakistan and IBM to modernize IT infrastructure. This strategic partnership strives to boost PTCL’s operational efficiency while establishing a foundation for cutting-edge innovations and a comprehensive upgrade of Enterprise Systems.
TDAP, ICCI President unveil TDAP Facilitation Desk to boost trade
The Trade Development Authority of Pakistan (TDAP) has inaugurated a new facilitation centre at the Islamabad Chamber of Commerce and Industry (ICCI), aiming to assist the local business community in expanding its operations globally.
Banks remain closed on Wednesday on the occasion of Quaid-e-Azam
The State Bank of Pakistan and all the banking and financial institutions will remain closed on Wednesday, December 25, 2024 on the occasion of Quaid-e-Azam Day and Christmas. The State Bank of Pakistan will observe a public holiday on Wednesday, December 25, 2024, in celebration of Quaid-e-Azam Day and Christmas. This holiday has been declared…
PSX stays bearish, loses 4,795 more points
The 100-Index of the Pakistan Stock Exchange (PSX) continued with bearish trend on Thursday, losing 4,795.32 points, a negative change of 4.32 percent, closing at 106,274.98 points as compared to 111,070.29 points on the last trading day.
Telenor signs Pakistan’s First-Ever tripartite MoU for smart metering
Telenor Pakistan has signed Pakistan’s first-ever tripartite Memorandum of Understanding (MoU) to implement smart metering at its Base Transceiver Station (BTS) sites across Azad Jammu & Kashmir (AJ&K).