ISLAMABAD, November 1 2024: In response to growing speculation and misinformation circulating on social media regarding the participation of Dnata (Emirates) in the privatization of Pakistan International Airlines (PIA), the Government of Pakistan’s Ministry of Privatisation has issued a clarification today. The statement addresses claims suggesting that Dnata was barred from qualifying for the privatization…
Karachi, November 1, 2024: United Bank Limited (UBL) has officially submitted an offer to amalgamate Silkbank Limited with itself, as part of a strategic initiative aimed at enhancing its market presence and operational efficiency. The proposed amalgamation will be executed under a scheme to be filed with and sanctioned by the State Bank of Pakistan…
KARACHI, November 1 2024: Sindh Energy Minister Syed Nasir Hussain Shah has said that the TharLodges managed by the Sindh Coal Authority will be outsourced for the quality and best accommodation and food facilities for local and foreign investors in Thar However, its ownership will remain with the Sindh government. Minister directed Energy Department Mossadiq…
KARACHI, November 1 2024: President Karachi Chamber of Commerce & Industry (KCCI) Muhammad Jawed Bilwani has urged the Central Bank to reduce the policy rate by 300 to 500 basis points in the next Monetary Policy Committee (MPC) meeting, in response to a notable decrease in inflation to 6.9 per cent in September 2024. In…
Islamabad, November 01 2024: In a significant development for bilateral relations, a high-level meeting between Pakistani and Saudi ministers was convened in Riyadh to discuss and finalize a roadmap for increased investment between the two nations. The meeting focused on the implementation of existing Memoranda of Understanding (MOUs) and the progression of agreements established during…