Pakistan’s Tractor assembling grew by 77 percent
Tractor assembling in the country during first 07 months of current financial year increased 77 percent.
Editor
Telecom sector role vital for country’s economic uplift
President and Group CEO PTCL Hatem Bamatraf called on Minister of State for IT and Telecommunication Shaza Fatima Khawaja in her office. Matters related to Telecom sector, 5G rollout, Right of Way (RoW) and fiberization were discussed in the meeting.
Mehfooz
Final review of SBA for $1.1 billion tranche with IMF positively concludes
Pakistan and International Monetary Fund (IMF) reached a staff-level agreement on the second and final review of the 9-month Stand-By Arrangement (SBA) for the final tranche of US$1.1 billion in April.
Adil Aziz
Wilmar unit to make further investment in Pakistan-listed Unity Foods
Wilmar Pakistan Holdings Pte. Ltd. (“WPH”, a wholly owned direct subsidiary of Wilmar International Limited), Unity Wilmar Agro (Private) Limited (“UWA”, a 52% subsidiary of WPH) and certain shareholders of Unity Foods Limited (“UFL”) have, through Arif Habib Limited (in its capacity as the manager to the public offer), made a public announcement to the Pakistan Stock Exchange Limited of their intention to acquire up to 277,070,908 shares of UFL in the public offer, at the price that complies with the pricing formula and other applicable Pakistan laws and regulations including the Securities Act 2015 and Listed Companies (Substantial Acquisition of Voting Shares and Takeovers) Regulations 2017 (“PAI”).
Pakistan’s rice export surged by 85% in eight months
Rice exports from the country during the first 08 months of the current financial year grew by 85.83 percent.
SBP keep policy rate at 22 percent
State Bank of Pakistan (SBP), cautiously decided to keep policy rate at 22 percent on pretext of elevated inflation expectations that required continuity of the current monetary stance to bring inflation down.
SECP issues advertisements, call centre management guidelines for digital lenders
The Securities and Exchange Commission of Pakistan (SECP) has issued guidelines to NBFCs involved in digital lending to ensure best practices in advertisements and call centre management. The guidelines were designed to prioritize borrower protection and to prevent deceptive marketing and unethical call centre practices.
Food exports grew by 54.05% in 08 months
Food group exports from the country during the first 08 months of the current financial year grew by 54.05 percent.
Benish Irshad joins Begin.Watch COO
After over three years as chief operating officer of Brainchild, Benish Irshad has joined premium SVOD/TVOD OTT platform Begin.Watch in the same role.
Final IMF SBA review to start on Thursday
The second and final review of Stand-By Arrangement (SBA) with the International Monetary Fund (IMF) is scheduled from March 14 to 18 in Islamabad, finance ministry reported.