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PM Sharif writes letter to Chinese govt seeking debt reprofiling Pakistan needs three to five-year extension on the maturity of $12 billion in debt from Saudi Arabia, China, and the UAE to secure IMF’s bailout ISLAMABAD   (  WEB NEWS  ) Prime Minister Shehbaz Sharif said on Friday that he hadRead More →

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Cleric held over Haniyeh sermon at Al-Aqsa Mosque: lawyer Jerusalem   (  WEB NEWS  ) A senior Muslim cleric was detained on suspicion of inciting “terrorism” on Friday after he mourned slain Hamas leader Ismail Haniyeh at Jerusalem’s flashpoint Al-Aqsa Mosque, his lawyer told AFP. Later the Cleric Sheikh Ekrima Sabri release.Read More →

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In: Banking Sector
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The Bank of Punjab Hosts Professor Stefan Dercon: A Vision for Economic Growth LAHORE   (  WEB NEWS  ) The Bank of Punjab Management held a client event in Lahore this week with Professor Stefan Dercon as Chief Guest.  Mr. Stefan is Professor of Economic Policy at the Blavatnik School of GovernmentRead More →

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Pakistan seeks to block VPN workaround to ban on X Social media platform has been blocked since February due to security concerns Despite a 70 percent drop in platform’s use, users have resorted to VPN to sidestep the block ISLAMABAD  (  WEB  NEWS  ) Pakistan is aiming to block theRead More →

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Designate Ambassador to US Rizwan Saeed Sheikh visits ICCI ISLAMABAD   (  WEB  NEWS   ) Pakistan’s designated Ambassador to the United States Rizwan Saeed Sheikh has said that America is the most attractive market for Pakistan and that we have to focus on it to explore more and more economic opportunities.Read More →

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Mobilink Bank Launches Pakistan’s First Women-Led Incubator Program ISLAMABAD  (   WEB  NEWS   ) Pakistan’s leading digital microfinance bank, Mobilink Bank strengthens its commitment to women’s economic empowerment with the launch of Pakistan’s first-ever industry-specific incubation program designed exclusively for women entrepreneurs. This initiative falls under the umbrella of the Bank’sRead More →

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Enhancing Commercial Real Estate Development, CCP Approves Acquisition ISLAMABAD   (  WEB NEWS  ) The Competition Commission of Pakistan (CCP) has approved a merger in real estate sector. This approved transaction involves M/s Enaara Properties Rawalpindi Ltd acquiring 100% shareholding of M/s Sprint Services Rawalpindi Ltd under a Share Purchase Agreement.Read More →

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ISLAMABAD  (  WEB  NEWS  ) President Asif Ali Zardari has called for finding a win-win solution to address the issue of rising energy costs in the country. He proposed that the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) should form a committee and work with the President’s officeRead More →

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ISLAMABAD  (  WEB  NEWS  ) The Supreme Court of Pakistan’s Practice and Procedure Committee had formed a five member bench to hear suo-moto case regarding transparent investigation into Arshad Sharif murder case. Justice Jamal Khan Mandokhail would head the bench while Justices including Muhammad Ali Mazhar, Ayesha Malik, Hassan AzharRead More →

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Bank Alfalah on a sustainable way forward LAHORE  (  WEB  NEWS  ) The Board of Directors of Bank Alfalah Limited (BAFL), in its meeting held on August 01, 2024, approved the Bank’s financial results for the half year ended June 30, 2024. The Bank reported profit after tax of PKRRead More →

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Danyal Chaudhry visits ICCI: Terms Trade Counselors’ Role Vital for Attracting Foreign Investment ISLAMABAD  (  WEB  NEWS  ) Danyal Chaudhry, Member National Assembly and Standing Committee on Foreign Affairs, emphasized that Pakistan has immense potential for foreign investment, requiring dedication and passion to showcase its products globally. Mentioning government’s initiativesRead More →

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Hamas’ top political leader is killed in Iran in strike that risks triggering all-out regional war Hamas leader Ismail Haniyeh was assassinated in Tehran, Iran’s paramilitary Revolutionary Guard said early Wednesday. Hamas blamed Israel for the attack. Haniyeh was in Tehran to attend Iran’s President Masoud Pezeshkian’s swearing-in ceremony onRead More →