KARACHI, November 11 2024: Car sales in Pakistan clocked in at 13,108 units in Oct 2024, reflecting a 112% YoY and 27% MoM increase in sales, as reported by PAMA. This takes 4MFY25 sales to 40,693 units a 50% YoY rise from 27,162 units in 4MFY24. This increase is primarily driven by improved auto financing…
KARACHI, November 11th, 2024: Jubilee Life Insurance, Pakistan’s leading private-sector life insurance company, has expanded its partnership with Sehat Kahani, the nation’s leading telemedicine platform, to introduce outpatient department (OPD) claims management services. This enhancement significantly broadens the range of benefits available to Jubilee Life Insurance policyholders, who can now enjoy streamlined access to OPD…
ISLAMABAD, November 11, 2024: The Securities and Exchange Commission of Pakistan (SECP) has announced a temporary deferment of the Expected Credit Losses (ECL) Model, under International Financial Reporting Standard (IFRS)-9 ‘Financial Instruments’, for companies holding financial assets directly or indirectly owed by the Government of Pakistan in connection with inter-corporate circular debt. This deferment extends…
KARACHI, November 11 2024: In a recent briefing to the Senate Standing Committee on Power, an update on the government’s negotiations with Independent Power Producers (IPPs) took centre stage. The co-chair of the Energy Task Force announced the potential for major savings an estimated Rs300 billion annually which could translate to a reduction of Rs2-3…
KARACHI, November 09 2024: Attock Refinery Limited (ATRL) conducted a corporate briefing session on November 8th, 2024, to discuss the company’s FY24 financial results and its outlook for the future. Below are the key highlights from the session: These developments reflect ATRL’s ongoing efforts to enhance its operational efficiency, resolve industry challenges, and capitalize on…