The Institution of Banking Mohtasib Pakistan (BMP) has provided relief amounting to Rs. 1.26 billion to Banking Customers by disposing of 25,493 complaints against commercial banks during the calendar year 2023.
Addressing a press conference at the …
Mari Petroleum Company Limited (MARI) announced its financial result today, posting a bottom line of Rs. 51.629 billion during 9MFY24 against Rs. 40.291 billion in 9MFY23, up by 28 percent YoY.
On a quarterly basis, the company’s profitability arriv…
Standard Chartered Bank Pakistan Limited (SCBPL) delivered a strong performance, that has led to a growth of 53 percent in profit before tax to Rs. 24.7 billion. The profit after tax saw an increase of 22.2 percent to Rs. 11.23 billion in the first q…
On the sidelines of the World Economic Forum Special Meeting in Riyadh, Prime Minister Muhammad Shahbaz Sharif met Kristalina Georgieva, Managing Director (MD) of the International Monetary Fund (IMF).
The Prime Minister thanked Georgieva for her su…
The Executive Board of the International Monetary Fund (IMF) will meet today to discuss releasing SDR 828 million (around US$1.1 billion) to Pakistan as the third and final token of its $3 billion Stand-By Arrangement, Finance Ministry sources told P…
The Ministry of Planning, Development and Special Initiatives is seeking exemption from the Public Procurement Regulatory Framework (including PPRA Rules and Regulations) for the special program for hiring consulting firms to support the ministries.
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The Board of Directors of Mari Petroleum Company Limited (PSX: MARI) in its meeting held on April 26, 2024, approved an investment of upto Rs. 2.5 billion in Mari Mining Company (Pvt) Limited (MMC) by way of equity injection, the exploration firm tol…
Almost 3 months into office, the coalition government has pulled off a critical feat in a country long ravaged by inflation. Believe it or not, the new finance team has stabilized the currency – by tampering with it.
A high-profile Karachi-based cur…
The Competition Commission of Pakistan (CCP) approved a 40% equity stake acquisition in Gas and Oil Pakistan Ltd (GO) by Aramco, a global leader in integrated energy and chemicals.
This transaction marks Aramco’s first entry into Pakistan’s fuels re…
Hascol Petroleum Limited (PSX: HASCOL) has conditionally accepted an offer from Millat Global Holdings to proceed with negotiations and documentation and engaging with banks to accept it as majority sponsor shareholder of the petroleum company, a HAS…
