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Bank Alfalah Bangladesh Acquisition Falls Through as HNB Withdraws Interest
Bank Alfalah Limited (PSX: BAFL) confirmed on Friday that the proposed Bank Alfalah Bangladesh acquisition by Sri Lanka’s Hatton National Bank (HNB) will no longer…
PSX Hits All-Time High After Power Tariff Relief
The Pakistan Stock Exchange (PSX) hit an all-time high on Friday, following the government’s major announcement of reduced electricity tariffs for both domestic and industrial…
Pakistan’s Exports to US Face Uncertainty Amid New 29% Tariff Hike
Pakistan’s exports to the United States, valued at nearly $6 billion, now face uncertainty due to the latest reciprocal tariff adjustments announced by US President…
Elon Musk Reclaims World’s Richest Title as Billionaire Count Hits Record High
The billionaire elite is growing, and at the top of this ever-expanding financial mountain stands one man: Elon Musk. Forbes’ latest annual World’s Billionaires list…
Federal Cabinet Postpones Approval of Controversial Solar Net Metering Policy
The federal government has made a significant policy shift by deciding to delay the approval of the controversial solar net metering policy. The decision, which…
Pakistan’s GDP Growth Rises to 1.73% in Q2 Amid Economic Adjustments
ISLAMABAD: Pakistan’s Gross Domestic Product (GDP) grew by 1.73% in the second quarter (Q2) of the fiscal year 2024-25, up from the revised 1.34% in…
Philip Morris Pakistan to Delist from PSX
KARACHI: Philip Morris (Pakistan) Limited has announced plans to voluntarily delist from the Pakistan Stock Exchange (PSX), following approval from its Board of Directors in…
Pakistan Secures IMF Staff-Level Agreement for $1.3 Billion Loan
ISLAMABAD: Pakistan has reached a staff-level agreement (SLA) with the International Monetary Fund (IMF) under the Extended Fund Facility (EFF) and the Resilience and Sustainability…
NA Committee seeks urgent resolution as 1,000 containers remain stuck under Export Facilitation Scheme
Islamabad: The National Assembly Standing Committee on Commerce expressed concern over more than 1,000 containers stuck at the port due to changes in the Export…
SECP eZfile Portal to Enable Same-Day Corporate Bank Account Opening
ISLAMABAD: The SECP eZfile portal is set to introduce a same-day corporate bank account opening feature, streamlining business registration and banking access. The Securities and…
Net Metering Contracts Capped at 5 Years
ISLAMABAD: The government has introduced new regulations for net metering, capping contracts at five years and lowering the buyback rate for surplus electricity to Rs10…
Systems Limited Announces 5-for-1 Stock Split to Boost Market Liquidity
Systems Limited has announced a 5-for-1 stock split, reducing its share value from Rs10 to Rs2. The company’s Board of Directors approved the move, aligning…
