Advisor to the Prime Minister on Commerce Abdul Razak Dawood has stated that regional connectivity is one of the most important pillars of the new and special Strategic Trade Policy Framework (STPF), compiled by the Ministry of Commerce.He made these r…
The recent amendments carried out through the Companies Amendment Bill, 2021 would significantly promote start-ups, business innovation, entrepreneurship and improve the general business climate in the country.Significant amendments include the additio…
The cost of Islamabad Model Prison, a project started in 2017 with an estimated cost of Rs. 3.9 billion, has escalated to Rs. 12 billion due to the increase in prices of raw material amid the delayed execution.This was unearthed in a meeting of the Sen…
The PTI government will pay $55 billion in foreign debt payment during its five years tenure that ends in 2023, claimed the Minister for Information and Broadcasting Fawad Chaudhry.In a tweet, the minister pointed out that the foreign debt payment was …
Auto financing has broken all previous records this year with a massive increase in demand resulting from the arrival of new cars and decreased rates of interest. Ironically, it had a minimal increase of just one percent on a Month-over-Month (MoM) bas…
Shoaib Mumtaz has assumed the charge of Acting President and CEO of MCB Bank Ltd with effect from 21 December (today). Mumtaz replaces outgoing President and CEO, Imran Maqbool, whose term of employment ended on Monday.Mumtaz, a graduate from the Unite…
Railway Constructions Pakistan Limited (RAILCOP) has signed a memorandum of understanding (MoU) with M/s Al Furqan Holdings Private Ltd and BIL Pakistan (Pvt.) Ltd for the construction of a new 105-kilometer rail track in Thar Coal.The project, linking…
Gulf Islamic Investments LLC, a UAE-based Company, has also shown its interest in acquiring shares of Samba Bank being one of the partners of Fatima Fertilizer Limited in the potential deal.According to the stock filing, Fatima Fertilizer Group, which …
Although it is a redundant movement, the Pakistani Rupee (PKR) slid to a new all-time low against the US Dollar (USD) and depreciated by one paisa against the greenback in the interbank market today. It hit an intra-day low of Rs. 178.22 against the US…
Overjet, a Pakistani Led startup, has raised $42.5 million in a Series B funding round led by General Catalyst and New York-based venture capital firm, Insight Partners. Other investors in the round included Crosslink Capital and the MIT-affiliated E14…
