In a recent announcement, the State Bank of Pakistan (SBP) revealed its holiday on Monday, December 25, 2023, in observance of Quaid-e-Azam Day and Christmas. This public holiday, declared by the Government of Pakistan, will result in commercial banks also closing their doors for three consecutive days, spanning Saturday, Sunday, and Monday. The central bank,…
National Foods Limited, a leader in the food industry, hosted the National Spice Summit 2023 on December in Karachi. This successful event brought together key stakeholders and players in the red chili value chain for a day of insightful round table discussions. In response to the dynamic shifts in the regulatory landscape of export markets and…
NITB said Critical licenses for firewalls and switches safeguarding 32 ministries/divisions from cyber threats are set to expire on January 23, posing a substantial risk to their cybersecurity and essential services. The Ministry of Information Technology and Telecommunication has submitted a request to the Cabinet for relaxation in Pakistan Public Regularity Authority (PPRA) rules to…
In observance of Quaid-e-Azam Day/Christmas holiday, the Pakistan Stock Exchange (PSX) will be closed on December 25, 2023. This public holiday, declared by the Government of Pakistan, will see the PSX Limited shuttered for the day. Read More: Explore 2024’s Holidays Calendar with 6 Extended Weekends A formal announcement from the PSX on Wednesday notified…
In a groundbreaking move, the Ministry of Information Technology and Telecommunications (MoITT) has launched the Pak Hajj App, revolutionizing the digitalization of Hajj operations for pilgrims. Developed by the National Information Technology Board (NITB), the Pak Hajj App, was jointly inaugurated by Caretaker IT Minister Dr. Umar Saif and Caretaker Minister for Religious Affairs Aneeq…
In a remarkable move, Regal Automobiles has decided to slash the price of its locally assembled Seres 3 Electric Vehicle (EV) in Pakistan, merely a month after its official launch. The company attributes this significant reduction to the strengthened position of the Pakistani rupee against the US dollar and adjustments in duty and levies for…
Discover the comprehensive list of public and optional holidays scheduled for the year 2024, as released by the Cabinet Division. The official notification, released on Wednesday, outlines 11 public holidays, kicking off with the observance of Kashmir Day on 5 February. In addition to these public holidays, the government has designated 3 bank holidays and…
The 63rd meeting of Meezan Bank Shariah Board held at Darul Uloom, Karachi under the Chairmanship of Justice (Retd.) Muhammad Taqi Usmani, along with other members of the Shariah Board, Dr. Muhammad Imran Ashraf Usmani, Sheikh Esam Mohamed Ishaq and Mufti Muhammad Naveed Alam (Resident Shariah Board Member). Meezan Bank’s Founding President and CEO, Mr….
The federal government is likely to raise the power tariff by up to Rs.4.66 per unit for collection in January 2024 bills. Distribution companies excluding K-Electric have asked the National Electric Power Regulatory Authority (NEPRA) to raise the electricity tariff. This hike comes as a result of a fuel charges adjustment (FCA) for the November…
The Ministry of Energy has submitted a proposal to the Economic Coordination Committee (ECC) seeking approval for the clearance of Rs. 262 billion in payables owed to power plants owned by the government. Insiders reveal that, in compliance with the directives of the International Monetary Fund (IMF), the Ministry of Energy has finalized a plan…
