In a recent development, the State Bank of Pakistan (SBP) initiates the process for issuing new currency notes. This strategic move is part of the central bank’s ongoing efforts to enhance the security features, durability, and overall quality of the country’s currency, ensuring a robust and reliable monetary system. Key Highlights of SBP’s Initiative: Enhancing…
In a recent development, the State Bank of Pakistan (SBP) has decided to maintains the interest rate for banks at the existing level of 22%. This decision comes after a thorough assessment of the prevailing economic conditions, inflationary pressures, and other relevant factors influencing the country’s monetary landscape. The central bank’s move to keep the…
In a groundbreaking move, leading fertilizer manufacturing companies in Pakistan, including Fauji Fertilizer Company Limited (FFC), Fauji Fertilizer Bin-Qasim Limited (FFBL), Engro Fertilizers Limited, Fatima Fertilizer Company Limited, and Agritech Limited, jointly hosted a convention with nationwide dealers on January 29, 2024, at Falettis Hotel, Lahore. The primary objective of this convention was to engage…
Present at the event were Omer Ahmed Khan, CEO; Jalil Ahmed Farooqui, Group Head of Sales and Business Development; Danish Farooque, Group Head of Professional Services and Adnan Farooq, Regional Manager Asia Pacific from Avanza Solutions; and Imran Samad President & CEO, Muhammad Anwaar, Deputy CEO, Ata Hussain, Head IT, Baqir Hussain, Head HR, Hassnain…
In a significant move, the State Bank of Pakistan (SBP) has decided to introduce the designs of all currency notes currently in circulation. This decision comes as part of the SBP’s ongoing efforts to enhance the security features of currency notes, promote visual aesthetics, and incorporate advanced printing technologies to stay ahead of counterfeit threats….
Pakistan Telecommunication Company Limited (PTCL), the largest integrated Information Communication Technology (ICT) company in Pakistan, and DE-CIX, the world’s leading Internet Exchange (IX) operator, celebrated today the inauguration of ‘Pakistan Internet Exchange (PIE) powered by DE-CIX’, the first carrier-neutral IX in the country. Housed in the PTCL data center in Karachi, the IX is operated…
The All Pakistan Textile Mills Association (APTMA) shares an ambitious plan to significantly boost the country’s textile exports. According to the shared vision, APTMA aims to achieve a remarkable milestone by increasing yearly textile exports to over $50 billion within the next five years. This strategic initiative comes as the textile sector plays a crucial…
Austrian Ambassador to Pakistan and Afghanistan Andrea Wicke, joined by Hussain Islam, chairman of the Prime Minister’s Task Force in the Strategic Reforms Unit, and Johannes Brunner, commercial counsellor of the Austrian Embassy Commercial Section, visited the Overseas Investors Chamber of Commerce and Industry (OICCI) to engage with the Chamber’s leadership and gain insights into…
The Petroleum Division of the Ministry of Energy is gearing up to host the much-anticipated Petroleum Conference 2024 in the capital city, Islamabad. This strategic initiative is set to bring together industry leaders, experts, and stakeholders to deliberate on crucial aspects of the petroleum sector, fostering discussions on innovation, challenges, and future prospects. Key Aspects:…
In a notable economic development, profit repatriation has witnessed a remarkable upswing, experiencing a substantial surge of 245% during the initial half of the fiscal year 2024. This surge indicates a significant shift in the financial landscape, reflecting increased profits being repatriated by businesses and investors. Key Highlights: Staggering 245% Increase: The standout feature of…
