As part of newly signed petroleum concession agreements (PCAs) and exploration licences (ELs), Pakistani petroleum exploration and production firms are preparing for significant investments exceeding $33 million. This development was announced by the nation's energy ministry, which also highlighted...
A significant step forward in bilateral commercial relations was taken when Pakistan approved Brazil's sale of live cattle to the South Asian nation.The biggest nation in South and Latin America, Brazil, verified the fact in a statement from its...
In addition to James's current duties, the board of directors of Daraz Group has named Lazada Group CEO James Dong to succeed Bjarke Mikkelsen as interim CEO of the company.The date of the appointment is January 24, 2024.The outgoing...
The leading telecom provider in Pakistan, Zong 4G, has partnered with JoChaho.pk to offer consumers attractive discounts on online purchases made through the My Zong App. Additionally, users will have the opportunity to enter a lucky draw to win...
The first-ever She's Next programme in Pakistan has five winners, according to Visa (NYSE: V), a worldwide leader in digital payments, and HBL, the top bank in Pakistan. She's Next is a global platform that supports women entrepreneurs by...
On Thursday, Sui Southern Gas Company Limited (SSGC) declared that all CNG stations in Sindh would be closed for a 48-hour period.A business spokesman stated in a statement that all CNG stations would be closed for two days, starting...
China has demanded "restraint" from Pakistan and Iran in response to Tehran's airstrike on its territory, which left two children dead and three females wounded."We call on both sides to exercise restraint, avoid actions that would lead to an...
Drivers, be ready! The government has increased the cost of obtaining a driver's licence by a considerable amount.Permits for learners cost Rs 500 currently, a huge increase from Rs 60. Some people may be deterred from pursuing their aspirations...
The Federal Board of Revenue (FBR) decided to postpone blocking non-filers' utility connections and mobile SIM cards.According to ProPakistani's sources, FBR intended to take action against non-filers in accordance with Income Tax Ordinance 2001, Section 114B. The authority to...
In collaboration with INNOVentures Global (Private) Limited, Standard Chartered Bank (SCBPL) has revealed the #SCWomenInTech Cohort 5/2023 winners. The goal of the WomeninTech programme is to increase the representation of women in technology-based business, with a focus on financial...
In October 2023, auto finance fell for the sixteenth consecutive month, with the total amount of auto loans reducing by 3% on a monthly basis to Rs. 264 billion from Rs. 272 billion in September.Auto finance may have peaked...
The Cabinet's Economic Coordination Committee (ECC) postponed its decision on Thursday to raise the maximum retail prices (MRPs) of 262 medications.Dr. Shamshad Akhtar, the federal minister of finance, chaired a meeting of the Cabinet's Economic Coordination Committee (ECC).The ECC...
Pakistan has inked a Letter of Intent (LOI) with the international conglomerate Al-Bawani Holdings, located in Saudi Arabia, with the aim of improving job prospects for Pakistani labourers in the Kingdom of Saudi Arabia (KSA).Jawad Sohrab Malik, Special Assistant...
The banks have been allowed until November 30, 2023, by the Federal Board of Revenue (FBR) to pay an extra 40% tax on windfall income, profits, and gains that arise during the 2021 and 2022 calendar years.The Federal Government...
The financial year (FY) that concluded on June 30, 2022, had a combined loss after taxes of Rs. 11.41 billion for Sui Southern Gas Company Limited (SSGC).The government-owned company's financial reports show that losses followed a Rs. 2.26 billion...
Despite continuing talks to renegotiate his return on Sunday, Sam Altman, a pivotal participant in the artificial intelligence revolution, will not be taking over as CEO of OpenAI. One of the most heated boardroom confrontations in Silicon Valley just...
MCB Islamic Bank is dedicated to improving your dining experience and is providing amazing savings of up to 40%. By using the MCB Islamic Debit Card package, you may benefit from these savings.With these amazing savings, every occasion—whether you're...
An agreement between Pakistan and the International Monetary Fund (IMF) over the first review of the $3 billion loan program almost certain. Kristalina Georgieva, the IMF's managing director, stated on Wednesday.The head of the IMF commended the Pakistani government...
Recent rumours on social media suggested that real estate mogul Malik Riaz was about to declare bankruptcy.The Supreme Court's 2019 fine of Rs. 460 billion on Malik Riaz's Bahria Town was the impetus for the bankruptcy rumours.The reports further...
The most anticipated shopping event in Pakistan is quickly approaching! From November 11 to November 21, Daraz's 11.11 Sale—which is known as the largest sale of the year—will reveal the finest bargains. A countrywide event, the eleven-day sales marathon...
