Pakistan
Abhi and TPL Corp Secure Approval to Acquire FINCA Microfinance Bank
Karachi, Pakistan – 12th November 2024: Abhi Private Limited and TPL Corp Limited have received the State Bank of Pakistan’s approval for a joint acquisition of FINCA Microfinance Bank Limited, marking a milestone in financial inclusion efforts across the country. This alliance leverages FINCA’s extensive microfinance expertise, Abhi’s cutting-edge digital financial solutions, and TPL Corp’s…
Pak-Qatar Asset Management Company Limited Declares Monthly Dividend for Pak-Qatar
Karachi, 12 November 2024: Pak-Qatar Asset Management Company Limited (PQAMC), a premier Shariah-compliant asset management firm and part of Pakistan’s pioneering Islamic finance group, has announced a dividend of PKR 1.9730 per unit for its Pak-Qatar Monthly Income Plan (PQMIP) for October 2024. This distribution reflects an impressive annualized return of 20.97% YTD, as of…
Pakistan Railways Faces Major Security Crisis as Faulty Equipment Puts Passengers at Risk
LAHORE, November 12 2024: A recent expose has uncovered serious security lapses within Pakistan Railways, putting the lives and safety of millions of passengers at risk. Security cameras, baggage scanners, and other crucial equipment, valued in the millions of rupees, are either outdated, broken, or non-functional, leaving railway stations across the country vulnerable to criminal…
Government’s Push to Cut Power Costs: A Double-Edged Sword?
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…
KCCI Chief Strongly Opposes Affidavit Requirement for Sales Tax Returns
KARACHI, November 09 2024: President Karachi Chamber of Commerce and Industry (KCCI) Muhammad Jawed Bilwani, while vehemently condemning the reinstatement of the requirement to file an affidavit with sales tax returns, demanded that the authorities must suspend the affidavit requirement immediately until comprehensive consultations are conducted and effective alternative measures are established. President KCCI stated…