Workers’ remittances increase by 38.76% to $8.785B inflow in 1st quarter
The overseas workers’ remittances witnessed an increase of 38.76 percent during the first quarter (July-September) of the current fiscal year 2024-25, according to the State Bank of Pakistan.
Adil Aziz
PSX crosses another milestone, reaches historic level of 84,910.30 points
Positive sentiments prevail over the 100-Index of the Pakistan Stock Exchange as it continued with bullish trend on Monday (Oct 07), gaining 1,378.34 more points, a positive change of 1.65 percent, reaching all time high level of 84,910.30 points against 83,531.96 points on the last trading day.
Jazz brings iPhone 16 to Pakistan for its customers
Jazz, Pakistan’s leading digital operator, has announced a partnership with Mercantile, the authorized Apple distributor for Pakistan and South Asia, to officially introduce the iPhone 16 series phones to the Pakistani market.
Mehfooz
World Investor Week 2024 Marked at PSX with a Gong Ceremony
Pakistan Stock Exchange (PSX), under the aegis of World Federation of Exchanges (WFE), of which PSX is an Affiliate Exchange, in partnership with International Organization of Securities Commission (IOSCO), marked World Investor Week (WIW) 2024 through a gong ceremony held at PSX Trading Hall. The WIW with the theme of ‘Ring the Bell for Financial Literacy’ is being held from October 7 – 13, 2024. This is the fourth consecutive year that PSX is holding and organizing the World Investor Week.
Pakistan’s total liquid foreign reserves surge to $15.98 billion
The total liquid foreign reserves of Pakistan reached at 27-month high level of US$ 15,982.9 million, mainly backed by the receipt of EFF program’s first tranche of over $ 1 billion from International Monetary Fund (IMF).
Mobilink Bank’s Invisible Heirs campaign bags Digital Nations Video Creativity Award at M360 APAC
Pakistan’s leading digital microfinance bank, Mobilink Bank, has achieved a significant milestone on the global stage by winning the prestigious ‘Digital Nations Video Creativity Award’ at the high-profile M360 APAC event held in Seoul, organized by the Global System for Mobile Communications Association (GSMA).
Al-Ghazi Tractors Limited launches high-performance, fuel-efficient NH-850 tractor
Al-Ghazi Tractors Limited launched its latest product the New Holland NH-850. The 85-horsepower engine tractor is designed to set new standards in modern farming.
Editor
Pakistan, Denmark sign MOU for restructuring in Pakistan’s Maritime sector
Minister for Maritime Affairs Qaiser Ahmed Shaikh signed the memorandum of understanding (MOU) on the behalf of Pakistani government and Denmark’s Minister for Industry, Business and Financial Affairs Morten Bodskov from the Danish government.
Alert for the Investing Public: Beware of Online Trading Frauds
Pakistan Stock Exchange Limited alerts the investing public regarding the surge in fraudulent activities through different social media platforms. Some illegal social media groups and forums are using AI technology and conventional methods to entice the investing public to join in or fill in forms through WhatsApp groups, Facebook/ Meta and other social media channels.
CCP hearing on PTCL-Telenor merger continues
The Competition Commission of Pakistan (CCP) is actively progressing with the Phase II Merger Review of PTCL’s proposed acquisition of 100 percent shareholding in Telenor Pakistan (Private) Limited (TP) and Orion Towers Private Limited (OT).