New EV Bikes Models unveiled at EDB Exhibition
The Ministers Rana Tanveer Hussain said, around 31 companies have expressed interest in investing in electric vehicles in Pakistan while 2 companies were granted permission to manufacture eclectic vehicle.
Editor
Banks, Financial Institutions, and PSX to Close on November 9 for Iqbal Day
The State Bank of Pakistan (SBP) and all the banking and financial institutions will observe public holiday on November 9, 2024 on the occasion of Allama Iqbal Day.
Mehfooz
Pakistani Ambassador and CE TDAP open Pakistan Pavilion at Gulfood Manufacturing 2024
Chief Executive Trade Development Authority of Pakistan (TDAP) Zubair Motiwala along with Ambassador Faisal Niaz Tirmizi, Pakistan’s Envoy to the United Arab Emirates inaugurated the Pakistan Pavilion at the 10th Edition of Gulfood Manufacturing 2024 at the Dubai World Trade Centre.
Muhammad Aurangzeb Inaugurates SECPs Electronic Mortgage Register for Banks and Financial Institutions
Federal Minister for Finance and Revenue, Muhammad Aurangzeb launched SECPs Electronic Mortgage Register of Companies, a landmark initiative designed to provide a centralized system for accessing and verifying mortgage information of companies.
PTA organizes Telecom Cybersecurity Awards 2024
The Pakistan Telecommunication Authority held the Cybersecurity Awards 2024 to honor outstanding achievements in enhancing cybersecurity within Pakistan’s telecom sector.
Adil Aziz
PSX appoints Farrukh H. Sabzwari as new CEO
Pakistan Stock Exchange (PSX) announced the appointment of Farrukh H. Sabzwari as its Chief Executive Officer (CEO).
Karachi Hosts SECP’s 2024 Startup Summit
Securities and Exchange Commission of Pakistan held a press briefing at its Head Office in Islamabad on the upcoming Pakistan Start-up Summit. The event, scheduled for November 11 and 12 in Karachi, is a transformative platform for Pakistan’s entrepreneurial ecosystem. The technology has changed the way business is done.
First Pakistani Company, SI Global Solutions, Joins IALA
SI Global Solutions, has become the first Pakistani company to receive a membership of the International Association of Lighthouse Authorities (IALA).
2.5% Rate Cut in Interest Not Reflective of Inflation’s Downward Trend
President of the Karachi Chamber of Commerce and Industry (KCCI), Muhammad Jawed Bilwani, while commenting on the State Bank’s decision to reduce the interest rate by 2.5 percent, bringing it down to 15 percent, stated that while KCCI had anticipated a more substantial reduction of at least 5 percent, the actual cut of 2.5 percent was inadequate and did not align with the declining trend in inflation, which has now fallen to single digit.
InfraZamin Pakistan and Sunridge Foods Ink Deal for Agri-Infrastructure Sukuk
InfraZamin is pleased to announce a partnership with Sundridge Foods Limited in launching a PKR 2 billion Agri-Infrastructure Sukuk. This Shariah-compliant financing instrument will be issued by Sunridge Foods Limited, a subsidiary of Unity Foods Limited.