City Pharma Limited announced its entry into the direct marketing sector as of January 1, 2025, as part of its 2030 vision, “From Care to Treatment.” This strategic shift will allow the company to deliver high quality pharmaceutical products directly to the public across Pakistan. According to a PSX filing on Monday, Citi Pharma has … Read more
Islamabad: As the government intensifies efforts to re-evaluate agreements with independent power producers amid rising electricity tariffs, Special Assistant to the Prime Minister on Energy Mohamed Ali accused energy companies of obstructing regulatory audits. Speaking on a talk show, Ali criticized independent power producers for resisting attempts by regulators to review their operations. He stressed … Read more
At a recent high-level meeting of the Prime Minister’s Committee on IT Export Transfers, a stark fact emerged: only 38,000 of Pakistan’s 2.32 million freelancers currently have bank accounts in the country. The revelation has highlighted critical bottlenecks in capital flow to the booming IT sector. The meeting, chaired by Finance Minister Muhammad Aurangzeb, emphasized … Read more
Islamabad: Pakistan’s Citi Pharma Limited (CPHL) and Martin Dow have partnered with Chinese pharmaceutical company Kingbo Pharmatec to develop biotechnology and biomanufacturing. The collaboration has been formalized through a Memorandum of Understanding (MoU), as revealed by CPHL in its notification to the Pakistan Stock Exchange (PSX) on Tuesday. “This partnership seeks to reduce Pakistan’s dependence … Read more
IslamabadThe Securities and Exchange Commission of Pakistan (SECP) has approved its strategic action plan for 2024-26, which aims to promote the growth and development of Islamic finance in the non-banking financial sector. According to details, the plan has been formulated by the Supreme Committee of the Securities and Exchange Commission of Pakistan, headed by Mr. … Read more
Pakistani public sector companies made net profits of Rs102 billion during the first half of the last fiscal year 2023-24, despite continuing losses from power distribution companies and Pakistan International Airlines (PIA). The Ministerial Committee on State-Owned Enterprises, headed by Finance Minister Muhammad Aurangzeb, approved the semi-annual report for the period July-December 2023, which shows … Read more
KARACHI: Private sector organizations engaged in providing healthcare facilities to patients are providing praiseworthy services and should be recognized by every quarter of our society, says Director General Public Relations (DGPR), Information Department, Government of Sindh Muhammad Saleem Khan. press release.He said this during a visit to the Sundas Foundation, an organization that works to … Read more
Islamabad: The Securities and Exchange Commission of Pakistan (SECP) has rejoined the International Organization of Pensions Supervisors (IOPS) as a governing member, reaffirming its commitment to strengthening the pension sector in the country. This renewed membership underscores the Pakistan Securities and Exchange Commission’s focus on adopting global best practices to strengthen retirement income systems in … Read more
Islamabad: The Balochistan government has collected Rs 2.5 billion from the mineral sector during the current fiscal year, despite the coronavirus pandemic and the subsequent lockdown imposed to curb the spread of the virus. An official in the Balochistan government said that the government collected the huge amount from the mining sector and deposited it … Read more
Dubai, Oct 15 (APP): The special networking event, ‘Pakistan Night’, held at the Pakistan Society in Dubai as part of GITEX Global 2024 activities on Tuesday, highlighted the growth opportunities of the IT sector. Organized to strengthen connections between technology professionals and business leaders, the event attracted hundreds of technology executives of different nationalities, providing … Read more