Trending Topics
No Tax on Electricity Exported to Grid by Rooftop Solar Users
ISLAMABAD: The government has confirmed that rooftop solar panel users will not be taxed on the electricity they generate and export to the national grid.…
Winners of Rs200 Prize Bond Draw for March Announced
The Rs200 prize bond draw was conducted on Monday, March 17, at the National Savings Centre in Faisalabad. The State Bank of Pakistan (SBP) conducted the…
PEL Sends First Transformer Shipment to the US
KARACHI: Pak Elektron Limited (PEL), a key player in Pakistan’s electrical manufacturing industry, has officially commenced exports to the United States. The company’s first batch…
Pakistan’s CCP Approves NLC-DP World Joint Venture to Boost Logistics Sector
ISLAMABAD: The Competition Commission of Pakistan (CCP) has granted approval for the National Logistics Corporation (NLC) to acquire a 60% stake in DP World Logistics…
IFC Names Pakistani Amena Arif as New Country Manager for the Philippines
ISLAMABAD: Pakistani banker Amena Arif has been appointed as the International Finance Corporation (IFC) country manager for the Philippines, making her one of the few…
IMF Endorses Pakistan’s Fiscal Policies, Confirms No Mini-Budget Before June
Islamabad: Pakistan has successfully concluded negotiations with the International Monetary Fund (IMF), but the release of the $1 billion tranche under the ongoing $7 billion…
SECP Proposes Alternate Dispute Resolution Mechanism for Islamic Finance Contracts
Islamabad: Under strategic action plan 2024-26 to develop Islamic finance in the non-bank financial sector, the SECP intends to introduce an alternate dispute resolution (ADR)…
Samba Bank Secures Board Approval for Full Islamic Banking Conversion
Samba Bank Limited, a subsidiary of Saudi National Bank, has officially announced its intention to transition from conventional banking to a fully Islamic financial institution.…
SECP Streamlines Digital Distribution of Life Insurance Savings Products
ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has issued the Directive for the Sale of Life Insurance Savings Products through Technology-Based Distribution Channels,…
Moody’s Upgrades Pakistan’s Banking Outlook to Positive
ISLAMABAD: In a major boost for Pakistan’s banking sector, global credit rating agency Moody’s has revised the country’s banking outlook from stable to positive. “We…
SECP Registers 3,046 New Companies in February 2025
ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) registered 3,046 new companies in February 2025, bringing the total number of registered businesses in the…
Silk Bank Merges into United Bank Following SBP Approval
KARACHI: The State Bank of Pakistan (SBP) has approved the integration of Silk Bank Limited (SBL) into United Bank Limited (UBL), as announced in a…
