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Pace Pakistan Finalizes Sale of Stake in Pace Super Mall
Pace (Pakistan) Limited has confirmed that it has completed the sale of its entire 56.79 percent shareholding in Pace Super Mall Private Limited to First…
SBP Reserves Rise Again, Cross $14.5 Billion Mark
Pakistan’s foreign exchange reserves have continued to strengthen, with the State Bank of Pakistan (SBP) reporting another weekly gain, pushing its total reserves above $14.5…
MoITT Seeks Third-Party Review for Cashless Economy Initiative
The Ministry of Information Technology and Telecommunication has announced that it will conduct a third-party evaluation of the federal government’s cashless economy program. The ministry…
IMF Urges Pakistan to Include SPS Officials in Asset Declarations
The International Monetary Fund (IMF) has advised Pakistan to broaden its asset declaration requirements by including officials appointed on the Special Pay Scale, in addition…
Pakistan, Germany Seal €114m Development Deal
Pakistan and Germany on Wednesday wrapped up their bilateral negotiations on development cooperation in Islamabad, with Berlin announcing a new financial and technical commitment worth…
Qatar’s Al-Thani Group Signals Exit From Port Qasim Power Project
Qatar’s Al-Thani Group has indicated plans to withdraw its 49 percent share from the Port Qasim coal power project, becoming the latest foreign investor to…
Punjab Govt Ends Pension for Future Employees
The Punjab government has introduced a major policy shift that eliminates pension benefits for future provincial employees under a new ordinance aimed at restructuring its…
DISCOs Push for Fixed Charges on Solar Net Metering Users
Power distribution companies (DISCOs) have asked the National Electric Power Regulatory Authority (NEPRA) to approve fixed charges for solar net metering users as more consumers…
Federal Government Rental Ceiling Raised by 85pc for Employees
The Ministry of Housing and Works has announced an 85 percent increase in the federal government rental ceiling, a move that took effect from November…
AGP Flags Major Irregularities in NBP Stake Sale to Bestway Group
The Auditor General of Pakistan (AGP) has accused the National Bank of Pakistan (NBP) of major procedural and financial discrepancies in the NBP stake sale,…
Pakistan and Canada Finalize Canola Export Plan
Canada and Pakistan have announced their decision to support the export of Canadian canola to the Pakistani market, according to a joint statement issued late…
UBL Faces Criticism Over Withholding Salary Funds on Credit Days
United Bank Limited (UBL) is facing growing public criticism after multiple reports surfaced alleging that the bank has been withholding customer salary funds on credit…
