Pak Oman Microfinance Bank Appoints New CEO
The Board of Directors of the Pak Oman Microfinance Bank has appointed Farooq Rashid as its new Chief Executive Officer (CEO).Rashid has more than 25...
ECC Approves $17.3 Million for PIA to Pay Off Roosevelt Hotel’s Liabilities
The federal Minister for Finance and Revenue, Shaukat Tarin, chaired a meeting of the Economic Coordination Committee (ECC) of the cabinet today.The ECC approved $17.3...
Banks Can Now Charge Fee on Interbank Funds Transfers Above Rs. 25,000
Seemingly on the insistence of commercial banks, the State Bank of Pakistan (SBP) has allowed banks and various service providers to charge a minimal fee...
Govt Launches Smart Village Projects Throughout Pakistan
Initially, one Smart Village will be established each in Islamabad, Punjab, Balochistan, Sindh, Khyber Pakhtunkhwa, and Gilgit-BaltistanThe Ministry of Information Technology and Telecommunications (MOIT&T), through...
Coca-Cola ?çecek to Invest $50 Million for Another Production Plant
A delegation of Coca-Cola Icecek (CCI Pakistan), including General Manager Ahmet Kursad Ertin, met with the Prime Minister of Pakistan and announced an investment of...
SECP Issues Draft Regulatory Framework for Digital-only Insurers & Micro-Insurers
The Securities and Exchange Commission of Pakistan (SECP), as part of its agenda to promote digitalization and encourage innovation in financial services, has introduced a...
Citi Pharma Raises Rs. 2.32 Billion in 2021’s Single Largest IPO
The book-building process of Citi Pharma’s Initial Public Offer (IPO) has concluded with an oversubscription of 2 times, according to Topline Securities, advisor and book-runner...
Senate Committee Rejects Govt’s Plan to Charge Sales Tax on Basis of Printed Retail Price of Sugar
The Senate Standing Committee on Finance and Revenue on Tuesday rejected the government plan to charge sales tax on the basis of the printed retail...