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…
Wahab Riaz Unveils Pakistan’s Power-Packed T20I Squad for New Zealand Series Pakistan’s men’s chief selector, Wahab Riaz, reveals a formidable 17-member squad for the upcoming five-match T20I series against New Zealand, commencing on January 12 in Auckland. Strategic Rest for Mohammad Haris as Pakistan Shapes Future T20I Plans Wahab Riaz announces the exclusion of Mohammad…
The Pakistan Banks Association (PBA), under the guidance of the State Bank of Pakistan (SBP), is spearheading the development of a “shared e-KYC platform” for banks and financial institutions. The primary objective is to enhance efficiency in KYC compliance and streamline customer onboarding processes. The shared e-KYC platform offers various benefits to banks, including the…
Pakistan’s investment climate has shown remarkable resilience and attractiveness amid global economic challenges, as evidenced by the 12 percent growth in Foreign Direct Investment (FDI) in November 2023. According to the data released by the State Bank of Pakistan, the FDI inflows reached $131.4 million in the month under review, compared to $117 million in…
