Karachi, The credit ratings for Shahbaz Garments (Private) Limited have been reaffirmed by VIS Credit Rating Company Limited at ‘A-/A-2’, indicating a stable financial outlook and good credit quality. The medium to long-term rating of ‘A-‘ suggests ade…
Islamabad, In response to recent heavy rains that led to water accumulation and traffic disruptions, the Capital Development Authority (CDA) has launched a new helpline dedicated to addressing rain-related emergencies in Islamabad. The initiative aims …
Islamabad, Small and medium enterprises (SMEs) are highlighted as essential contributors to economic growth, particularly in developing countries like Pakistan, where they form a significant portion of the business landscape and employment. This sector…
Karachi, Amidst the intermittent showers affecting the city, the electricity supply in Karachi has remained stable. The operations and readiness of K-Electric (KE) were notably robust, with almost all feeders fully energized and active response teams m…
Islamabad, Saudi Arabia plans to invest up to $1 billion in the Reko Diq Copper Gold project in the Chagai district of Balochistan, a move that is set to significantly boost the region’s mining sector. This investment is part of a broader initiative to…
Islamabad, In a major compliance drive, the Federal Board of Revenue (FBR) has approved the suspension of mobile phone SIM cards for 1.8 million individuals in Pakistan who have failed to file their tax returns. This measure is part of a broader strate…
Lahore, The Federal Board of Revenue (FBR) is set to clamp down on tax evasion among traders and industrialists in Lahore, who are reported to have discrepancies between their declared incomes and their actual wealth, including substantial investments …
Islamabad, The Islamabad police have launched a new campaign named “Knock the Door,” aimed at registering household workers and tenants to enhance safety and prevent criminal activities within the city. This initiative is part of a broader effort to st…
Karachi, Bank Al Habib Limited announced a series of updates to its mobile and netbanking platforms, introducing new security features to enhance protection against digital banking scams. The update is in compliance with the State Bank of Pakistan’s se…
Islamabad, The International Finance Corporation (IFC) has approved financing for the Pakistan Telecommunication Company Limited (PTCL) Group’s acquisition of Telenor Pakistan. This move paves the way for one of the most significant transactions in the…