Business
Five Major Pharma Companies Shift Operations from Pakistan
Over the past three years, five multinational pharmaceutical companies have strategically shifted their manufacturing operations from Pakistan, the National Assembly was informed. Health Minister Syed Mustafa Kamal confirmed that these divestments are part of a global business strategy rather than…
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FBR Grants PRAL Data Access for Enhanced Compliance and Governance
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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
3 min read
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
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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
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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
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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
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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
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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
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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
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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…
Govt Raises PKR 2.25 Trillion Through Ijarah Sukuk Since December 2023
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ISLAMABAD: The Securities & Exchange Commission of Pakistan has helped the DMO in conducting 18 auctions and raising a gross amount of PKR 2.25 trillion…
NA Body Reviews PIACL Privatization, PECO’s Future
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ISLAMABAD: The National Assembly Standing Committee on Privatization reviewed the expenditures incurred in the privatization of Pakistan International Airlines Corporation Limited (PIACL) during its 7th…
Pakistan Banking Summit 2025: Finance Minister Calls for Resilient and Export-Driven Economy
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Islamabad: Federal Finance Minister, Senator Muhammad Aurangzeb, reiterating the government’s determination to structural reforms for paving a foundation of resilient economy and sustainable growth, on…
SBP Introduces Raast Participation Criteria for Seamless Digital Payments
2 min read
KARACHI: The State Bank of Pakistan (SBP) has issued the Raast Participation Criteria to enable various entities to join the Raast instant payment system, as…
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