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 Security cameras, baggage scanners, and other crucial equipment, valued in the millions of rupees, are either outdated, broken, or non-functional, leaving railway stations across the country vulnerable to criminal…
NEW DELHI, November 11 2024: The Pakistan High Commission in New Delhi announced on Sunday that it has issued more than 3,000 visas to Sikh pilgrims from India, enabling them to participate in the birthday celebrations of Baba Guru Nanak, the founder of Sikhism, in Pakistan from November 14 to 23, 2024. The announcement follows…
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…