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The Securities and Exchange Commission of Pakistan (SECP) has released a comprehensive guide to facilitate Modaraba Companies and Modarabas in complying with requirements of the Modaraba Ordinance 1980, Modaraba Rules 1981, Modaraba Regulations 2021, and related directions and circulars. The guide consolidates all reporting obligations and summarizes required approvals under…

Federation of Pakistan Chambers of Commerce and Industry (FPCCI) President Atif Ikram Sheikh Monday urged the government to open the Chaman border. In a statement, Sheikh highlighted that the Chaman border has been closed for the past week and thousands of trucks and other vehicles have been stuck under uncertain…

Pakistan Stock Exchange (PSX) closed at a new all-time high in today's session after briefly crossing 74,000 amid positive vibes from talks with the International Monetary Fund (IMF). Pakistan equities closed the day's affairs at 73,799 level, up 714 points or 0.98 percent. According to Topline Securities, positive vibes from…

The International Monetary Fund (IMF) has projected a decline in inflation to less than 6.5 percent by financial year 2027-28, high-level sources told ProPakistani. The Fund also noted that Pakistan's GDP will continuously grow in the next four years and is projected to reach 5 percent by FY27. The Fund…

Prime Minister Shehbaz Sharif will meet the International Monetary Fund (IMF) Mission next week, sources told ProPakistani. The lender will meet the premier seeking assurances on targets in the new loan program. Meanwhile, PM Shehbaz is expected to discuss the possibility of securing additional funding from the lender. Sources added…

United Bank Limited (UBL), a leading bank in Pakistan, has acquired a 14,092 sq. yards commercial plot in Naya Nazimabad, Karachi, to build its regional office. Naya Nazimabad is located at the cusp of District West and Central of Karachi. The area is a major hub for the professional talent…

The International Monetary Fund (IMF) mission led by IMF Mission Chief Nathan Porter called on the Finance Minister Muhammad Aurangzeb today at the Finance Ministry to kickstart the discussions on further engagement with the Fund. The meeting was attended by Governor State Bank of Pakistan, Chairman Federal Board of Revenue,…

Most federal ministries have disregarded Prime Minister Shehbaz Sharif's order regarding the adoption of E-Office. If they transition from a paper-based environment to E-Office, the government could save Rs. 1 billion annually. Sources told ProPakistani that the high-ups sitting in the major ministries are reluctant to extract the official files…

Trina Solar Asia Pacific - one of the leading solar energy companies in China - has announced plans to inject 200 megawatts (MW) of solar energy into Pakistan's power grid to reduce the dominance of costly thermal power generation. The initiative involves the supply of cutting-edge Vertex N modules and…

Prime Minister Shehbaz Sharif has approved the immediate release of Rs. 23 billion for Azad Jammu and Kashmir (AJK). This was decided during a special meeting convened on Monday to address the current situation in Azad Kashmir. A comprehensive review of the current state of affairs in the region was…

The National Transmission and Despatch Company (NTDC) is spearheading the development of the Islamabad West Substation, slated to be operational by 2026. Funded by the World Bank through the National Transmission and Modernization Project Phase-I, in addition to NTDC's own equity, the project aims to bolster the capital city's transmission…

The Pakistan Stock Exchange (PSX) Monday announced that it is planning to implement the 5th batch of existing 500 Lot size Regular Market companies for transition into ONE Share Lot Size w.e.f. May 20, 2024. As a result of said transition, these companies shall be discontinued from the ODD Lots…