Meezan and HBL Lead as BML and BOP Struggle in Pakistan’s Banking Sector
ISLAMABAD: Pakistan’s banking sector reported strong earnings for 2024, but newly released 4Q2024 financial data reveals a growing gap between leading banks and struggling institutions.…
Image to Launch Real Estate Investment Trust for Karachi Properties
KARACHI: According to reports, Pakistan’s fashion brand Image is set to launch a real estate investment trust (REIT) next month, targeting two of its properties…
SECP Policy Board Approves Amendments to Modaraba Ordinance 1980
ISLAMABAD: The Policy Board of the Securities and Exchange Commission of Pakistan (SECP) has approved proposed amendments to the Modaraba Companies and Modaraba (Floatation and…
FBR Grants PRAL Data Access for Enhanced Compliance and Governance
ISLAMABAD: The Federal Board of Revenue (FBR) has authorized comprehensive access to Pakistan Revenue Automation Limited (PRAL) data for its officials, aiming to strengthen enforcement…
Hutchison Ports Announces $1 Billion Investment in Pakistan
The Hutchison Ports has unveiled a $1 billion investment plan for Pakistan, focusing on upgrading its existing terminals to improve operational efficiency, logistics connectivity, and…
PayPal Enhances Security with Single-Step Login, Replacing 2FA Codes
In an effort to streamline its security process, PayPal has announced that it will replace its traditional two-factor authentication (2FA) codes with a more efficient…
Air Link Communication Limited Reports Rs1.48Bn Profit in 2QFY25
Air Link Communication Limited (PSX: AIRLINK) has reported a profit-after-tax (PAT) of Rs1.48 billion for the second quarter of fiscal year 2025 (2QFY25), reflecting an…
Toyota Indus Motor Profit Up 179% in 2QFY25
KARACHI: Toyota Indus Motor Company (IMC) Limited has reported a significant financial boost, posting a profit of Rs4.87 billion for the second quarter of FY…
ABHI and TPL Corp Relaunch FINCA Under the New Identity of ABHI Microfinance Bank
ABHI, in collaboration with TPL Corp Limited, has officially rebranded FINCA Microfinance Bank as ABHI Microfinance Bank following the acquisition of its stake. The relaunch…
HBL Approves Rs2 Billion Investment in Microfinance Subsidiary
KARACHI: Habib Bank Limited (HBL) has announced a significant investment, approving up to Rs2 billion in equity for its subsidiary, HBL Microfinance Bank Limited (HBL…
Senate Defers Income Tax Amendment Bill 2025 Amid Trade and Transparency Concerns
Islamabad: The Senate Standing Committee on Finance and Revenue convened under the chairmanship of Senator Saleem Mandiwalla. The meeting was attended by Senators Farooq Hamid…
Electrolux and PEL Announce Partnership for Home Appliance Expansion in Pakistan
Karachi: Pak Elektron Limited (PEL) has announced a partnership with Electrolux AB, a global home appliance manufacturer, to expand its market presence and product offerings…

