ISLAMABAD, November 19 2024: The ECC deliberated on a proposal from the Ministry of Energy (Power Division) regarding a winter demand initiative aimed at optimizing system generation capacity while reducing gas demand. This initiative is designed to shift favorable demand towards electricity for industrial, domestic (ToU and non-ToU consumers exceeding 200 units), commercial, and general…
KARACHI, November 19 2024: The Governor of the State Bank of Pakistan (SBP), Jameel Ahmad, stressed the critical importance of empowering women entrepreneurs, highlighting that they currently account for less than 10% of total borrowers and hold only 26% of bank accounts. The SBP organized Women Entrepreneurship Day on November 19, 2024, in Karachi, reaffirming…
KARACHI, November 18 2024: In a pioneering collaboration, TPL Insurance Ltd. has teamed up with Samba Bank Limited to launch a cutting-edge digital transaction insurance product. This new offering aims to protect Samba Bank’s customers from digital transaction risks such as account hijacking, unauthorized transactions, social engineering, and ATM theft. As Pakistan’s leading Insurtech provider,…
KARACHI, November 15, 2024: The State Bank of Pakistan (SBP) has taken strict action against M/s Islamabad Exchange Company (Pvt.) Limited, suspending its authorization with immediate effect due to violations of SBP’s rules and regulations. As a result of this suspension, the exchange company, along with its head office and authorized branches, has been barred…
ISLAMABAD, November 15, 2024: Federal Minister for Commerce Jam Kamal Khan has reiterated the government’s commitment to revitalizing Pakistan’s textiles and apparel industry, addressing its growing challenges and reaffirming its critical role in the nation’s economic stability. During a detailed discussion with a delegation from the All Pakistan Textile Mills Association (APTMA), led by Chairman…