Trending Topics
Bank Al Habib to shut down Kenya office amid Global Restructuring
Bank Al Habib Kenya operations will officially end on May 15, 2025, after seven years of presence in the country. The decision, approved by the…
Utility Stores Employees Forced to Work Without Pay
Thousands of employees at Utility Stores Corporation (USC) are facing a financial crisis after the government abruptly halted their salaries, despite ongoing service and a…
SBP Lowers Interest Rate to 11% on Inflation Relief
The State Bank of Pakistan (SBP) has lowered the policy rate by 100 basis points, bringing it down to 11 percent, effective May 6, 2025.…
Temu Halts China-to-U.S. Shipments Amid Rising Tariffs
Temu, the Chinese e-commerce platform known for its budget-friendly offerings, has ceased shipping products directly from China to the United States in response to shifting…
Buffett to Step Down as Berkshire CEO, Greg Abel Named Successor
In a historic shift at Berkshire Hathaway, legendary investor Warren Buffett announced that he will step down as Chief Executive Officer at the end of…
Meezan Bank Offers Shariah Financing for Peugeot 2008
Meezan Bank has rolled out a new Car Ijarah offer, allowing customers to lease the Peugeot 2008 Active 1.2 Turbo with reduced monthly rentals starting…
Italy Throws Support Behind Pakistan Textile Sector
KARACHI: Italian Ambassador to Pakistan, Marilina Armellin, has reiterated Italy’s commitment to strengthening the Pakistan textile sector, calling it a key driver of the nation’s…
Pakistan Foreign Reserves See Slight Weekly Increase to $10.214 Billion
Pakistan foreign reserves recorded a slight uptick on a weekly basis, according to the latest data released by the State Bank of Pakistan (SBP). As…
Dubai Islamic Bank New CEO Muhammad Ali Gulfaraz Takes Charge
Dubai Islamic Bank Pakistan Limited has appointed Muhammad Ali Gulfaraz as its new Chief Executive Officer, effective May 2, 2025, strengthening its leadership with his…
Bank Alfalah sells entire Stake in Alfalah Securities
KARACHI: Bank Alfalah Limited (PSX: BAFL) has finalized the complete sale of its subsidiary, Alfalah Securities (Private) Limited, effectively ending its equity involvement in the…
Octopus Digital Faces Sharp Profit Drop in Q1 2025
Octopus Digital Limited (PSX: OCTOPUS) has reported a significant decline in its financial performance for the first quarter ending March 31, 2025. According to the…
FBR Seals Famous Clothing Brand in Karachi for Major Tax Evasion
KARACHI: The Federal Board of Revenue (FBR) has sealed the offices and outlets of a well-known clothing brand, Sowears, in Karachi due to tax evasion…
