ZAREA LIMITED, one of the largest B2B commodity platforms in Pakistan, was appointed to launch an initial general offer (IPO) on the Pakistani Stock Exchange (PSX) to raise at least 1 billion rupees ($ 3.59 million). The company will offer 62.5 million shares, representing 23.81 % of the paid -up capital after the primary, at … Read more
PeshawarBOK Bank (Bok) revealed ambitious plans to expand its operations and enhance its presence in the market in 2025. As part of its strategic vision, the bank will open 52 new branches throughout Khyber Pthavtongua (KP) and turns completely into Islamic banking services, which reflects its commitment to providing financial services Modern, moral and comprehensive. … Read more
IslamabadAfter the advice of the federal government, the Oil and Gas Regulatory Authority (OGRA) informed a review of the sale price of gas exclusively for the public industry category (captive), as of February 1, 2025. According to OGRA, the federal government issued, while responding to the OGRA decisions for SNGPL and SSGCL for the estimated … Read more
Intel announced plans to spin off its venture capital and investment unit, Intel Capital, into an independent company to improve operational efficiency. The standalone entity, expected to launch in the second half of 2025, will operate under a new name, with Intel remaining a major investor. The transition will see the existing Intel Capital team … Read more
ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has updated the regulatory framework for the mutual fund industry by introducing specific requirements for “investment plans”. These updates are based on provisions added through the amendments to the Non-Banking Finance Companies and Reported Entities Regulations 2008 (NBFC Regulations), according to a press release. The framework … Read more
Chinese authorities have agreed to issue three trillion yuan ($411 billion) in special treasury bonds next year, which would be the highest ever, as Beijing steps up fiscal stimulus to revive the faltering economy, two sources said. The 2025 sovereign debt issuance plan would be a sharp increase from 1 trillion yuan this year, and … Read more
The Power Department has initiated an investigation against the National Transmission and Dispatch Corporation (NTDC) over the removal of several development schemes from the Public Sector Development Program (PSDP). Business Registrar It stated that the plans that were removed include the World Bank-financed Electricity Distribution Efficiency Improvement Project (EDEIP). The deletion of major development plans … Read more
Islamabad: Finance Minister Muhammad Aurangzeb categorically denied any proposal to reduce the retirement age for government employees to 55 years. Addressing the Senate Standing Committee on Finance on Wednesday, he dismissed the idea as baseless and made clear that no such plan was under consideration. The committee meeting, chaired by Senator Salim Mandviwala, included a … Read more
Mythri Movie Maker’s “Pushpa 2: The Rule,” headlined by Allu Arjun, grossed $1.4 million at the global Imax box office in 16 markets. In India, the film grossed $650,000 from 31 IMAX screens, marking the biggest local-language IMAX opening of 2024 and the fourth-highest IMAX opening ever in the market. This strong performance comes as … Read more
US President-elect Donald Trump has issued a stark warning to the BRICS alliance, threatening to impose 100% tariffs on member states if they continue their efforts to reduce dependence on the US dollar in global trade. Through his post on his social media platform, Truth Social, Trump affirmed his firm stance against any attempt to … Read more