Karachi: The United Nations Development Programme (UNDP), in collaboration with Unilever Pakistan and Seed Ventures, has launched the 2nd Life Pakistan 2.0 initiative, a groundbreaking effort to innovate waste management solutions in Pakistan. Building on the success of its first edition, 2nd Life Pakistan 2.0 expands its focus beyond plastics to include food waste, e-waste, […]
ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has uncovered another illegal deposit-taking and investment scheme operating under the names of Summit 4X Trade and Summit AH Experts. According to the SECP, the scheme’s sponsors, Abdul Hai and Summer Abbas, are primarily targeting residents of Layyah district through branch offices, WhatsApp, and phone calls. […]
Karachi, January 2025 – The State Bank of Pakistan (SBP) is expected to announce a 100 basis points (bps) cut in the monetary policy rate during its upcoming meeting, following five consecutive reductions in 2024. The anticipated adjustment would bring the policy rate down to 12%, as per a report by Arif Habib Limited. The […]
Karachi: Dubai Islamic Bank Pakistan Limited (DIBPL) has joined hands with Nestle Professional to enhance customer experience at its Wajaha Priority Banking Lounges by offering a premium selection of hot beverages. The collaboration introduces an array of choices, including Nescafé and traditional beverages like Nestea Cardamom, Karak, and Kashmiri Chai, aiming to create a relaxing […]
In a remarkable achievement for Pakistan’s banking sector, six Pakistani banks have secured spots among the top 15 best-performing bank stocks in the Asia-Pacific (APAC) region, according to a report by S&P Global Market Intelligence. The report, released on Tuesday, highlights that four Pakistan-based lenders, led by United Bank Limited (UBL), ranked among the top […]
Islamabad – The Senate of Pakistan is set to deliberate on the Virtual Assets Bill 2025, introduced as a private member’s bill by Senator Dr. Afnan Ullah Khan. The proposed legislation aims to regulate virtual assets, including cryptocurrencies and blockchain-based technologies, while also paving the way for the introduction of a Digital Rupee backed by […]
KARACHI: Faysal Bank Limited (FBL) has achieved a remarkable milestone by securing 14 awards at the prestigious Global Diversity, Equity & Inclusion Benchmark (GDEIB) Awards 2025. This achievement underscores the Bank’s leadership in Diversity, Equity, and Inclusion (DEI) initiatives in Pakistan. The awards include 10 in the ‘Best Practice’ category and four in the ‘Progressive’ […]
Karachi, Pakistan — Shareholders of the National Bank of Pakistan (PSX: NBP) have approved a Scheme of Arrangement to demerge a specified portion of SME Bank’s lending portfolio, transferring it to NBP. According to a filing submitted to the Pakistan Stock Exchange (PSX), the plan has been structured under Sections 279-283 and 285(8) of the […]
ISLAMABAD: Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, has emphasized that the revival of the Export and Import (EXIM) Bank is a top priority for the government, citing its critical role in fostering export-led economic growth. Briefing the Senate Standing Committee on Finance on Monday, the minister underscored the bank’s potential to enhance […]
Karachi – Symmetry Group Limited (SYM), a leading digital technology company based in Pakistan, has announced a strategic partnership with Aleph Holdings, a prominent Dubai-based technology firm. The development was disclosed in a notice to the Pakistan Stock Exchange (PSX) on Monday, with Symmetry expressing optimism about generating approximately $5 million in additional business during […]