Karachi’s Businessmen announced to established Air Karachi
Atif Ikram Sheikh, President of the FPCCI, announced a game-changing initiative for Pakistan’s aviation industry. A strategic alliance of top businessmen has been formed to launch a much-needed world-class airline, named Air Karachi, with its head office based in Karachi. This mega-venture is a collaborative effort by prominent business leaders and corporate investors, including Mr. Atif Ikram Sheikh as a major shareholder.
Editor
Beware! SECP Issues Warning on ‘IGIL Securities’ Fraudulent Activities
The Securities and Exchange Commission of Pakistan (SECP) has identified another illegal trading platform operating under the name “IGIL Securities”.
PSX achieves milestone to index crosses 100,000 points
The 100-Index of the Pakistan Stock Exchange made history on Thursday (Nov 28) by closing all time high at 100,082.77 points as compared to 99,269.25 points on the previous day, with gain of 813.52 more points, a positive change of 0.82 percent.
Adil Aziz
Bank branches to remain open for Collect Hajj Applications on Saturday and Sunday
In order to facilitate the intending pilgrims to deposit Hajj applications along with dues for Hajj 2025, State Bank of Pakistan on the request of Ministry of Religious Affairs & Interfaith Harmony has directed 15 designated banks to keep their concerned branches open from 9:00 a.m. to 2:30 p.m. on Saturday, November 30, 2024 and Sunday, December 1, 2024 throughout the country.
AGTL Partners with Punjab Government on Landmark Green Tractor Scheme
Al-Ghazi Tractors Limited (AGTL) is proud to announce the signing of a historic agreement with the Punjab Government for the Chief Minister Green Tractor Scheme, marking a significant milestone in agricultural mechanization across the province. The agreement was signed in the presence of Minister for Agriculture Punjab, Syed Muhammad Ashiq Hussain Shah Karmani, and Secretary Agriculture Punjab, Mr. Iftakhar Ali Sahoo.
New SBP Regulations for Profit Sharing on Islamic Banking Savings
The State Bank of Pakistan (SBP), revised the instructions for profit and loss distribution and pool management for Islamic Banking Institutions (IBIs) which now are required to pay profit on their PKR saving deposits equivalent to at least 75 percent of the weighted average gross yield of all pools of an IBI.
Mehfooz
CCP approves 50% acquisition of total Parco by Gunvor Group
The Competition Commission of Pakistan (CCP) approved 50% acquisition of total Parco by Gunvor Group, signaling growth in Pakistan’s fuel and lubricants Sector.
Pakistan Stock Exchange loses 3,505 points amid bearish trend
The 100-Index of the Pakistan Stock Exchange (PSX) experienced a significant bearish reversal on Tuesday, losing 3,505.62 points—a negative change of 3.57 percent. This decline brought the index down to close at 94,574.16 points, compared to 98,079.78 points on the last trading day.
Roshan Digital Accounts to reach $9 Billion Mark in Deposits
The number of Roshan Digital Accounts has reached 757,587 with an addition of over 11000 new accounts by the end of October 2024 while the total amount funded in the RDAs so far reached near $ 9 billion.
Exports in Pakistan increase by 9.57% to Rs.3 Trillion over four months
The Pakistan Bureau of Statistics (PBS) reported that exports from the country, in rupee terms, witnessed a significant increase of 9.57 percent during the first ten months of the current fiscal year compared to the same period last year.