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BUSINESS
SECP, AADIFI to host international conference on Islamic capital markets in Islamabad
ISLAMABAD, May 25: The Securities and Exchange Commission of Pakistan (SECP) and Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) will be hosting the inaugural conference on Islamic Capital Markets (ICM), in…
Discriminatory taxation may force beverage industry to shut down permanently
KARACHI : May 24,2023: A high-tax-paying industry in Karachi is facing imminent closure, exacerbating the economic crisis in the country. Prominent entities such as Toyota Indus Motors, Honda Pakistan, Suzuki Pakistan, and several textile…
SBP cancels license of M/s Noble Exchange International over violation of rules
KARACHI : May 18, 2023:The State Bank of Pakistan (SBP) has cancelled the authorization/license of M/s. Noble
Exchange International (Pvt.) Limited on account of contraventions of the relevant laws and
regulations.
Therefore, the…
Date for Encashment of Withdrawn Prize Bonds Extended
KARACHI: May 16, 2023: The Federal Government has given another opportunity to the public to get the withdrawn prize bonds
of Rs.7500, 15,000, 25,000 and Rs. 40,000 redeemed/encashed by June 30, 2023. Earlier, the
government had fixed…
JazzCash, CBA partner to bring greater financial empowerment to people
ISLAMABAD : May 8,2023: In a recent development, JazzCash and Community Business Agent CBA) have formed a partnership to provide Cash-In and Cash-Out services to JazzCash customers through CBA's retail network. This collaboration is…
SBP cancels license of M/s Mega Currency Exchange Company for violation of rules
KARACHI: May 8, m2023: The State Bank of Pakistan (SBP) has cancelled the authorization/license of M/s. Mega
Currency Exchange Company ‘B’ (Pvt.) Limited on account of contraventions of the relevant laws and
regulations.
SBP,…
NEPRA concludes public hearing on KE’s generation tariff petition
ISLAMABAD, May 02, 2023: The National Electric Power Regulatory Authority (NEPRA) concluded its public hearing today on KE’s tariff petition for its existing power generation plants. During the hearing, KE’s leadership shed light on details…
Gold rates cross another peak today in Pakistan
RAWALPINDI : May 1,2023: Gold set yet another peak record in its price in Pakistan market on May 1,2023.
According to Markazi Sarafa Bazar Rawalpindi, gold per tola price for 24 Carat jumped up to Rs 217500 in local market today..…
Friesland Campina Engro Pakistan Limited posts strong financial results for for Q1 of 2023
ISLAMABAD : April 19, 2023:
FrieslandCampina Engro Pakistan Limited (FCEPL) announced its financial results for Q1, 2023. The Company reported a revenue of PKR 22,651 million in the first quarter, showcasing 62% topline growth versus last…
Plan to get additional urea production for Kharif season seems in limbo as fertilizer plants are…
ISLAMABAD : April 17, 2023: As Kharif season 2023 is approaching closer , a top level committee assigned the task to increase local urea production is yet to have the first meeting to formulate a strategy to ensure continuous supply of…
