General

TikTok’s Parent Company is Splitting into 6 Units

TikTok’s parent company ByteDance is going through its biggest organizational restructuring in history. The Chinese conglomerate will split into 6 different business units as CFO Shou Zi Chew is stepping down from his role to solely focus on being TikT…

General

Tiktok Ban to Remain Intact: PTA

Pakistan Telecommunication Authority (PTA) would consider withdrawing the ban on TikTok in Pakistan if the social media application develops an acceptable mechanism for content moderation in line with local laws and societal norms.This was revealed by …

Affairs

Govt Scrambles to Secure LNG Cargoes to Avoid Shortfall

The government has urgently issued fresh tenders to meet the peak LNG demand in winter as two suppliers chose to default on their November shipments.Failing to secure new LNG shipments will worsen Pakistan’s expected shortage.The government is in a sta…

Affairs

Petroleum Dealers Call Off Their Strike

Petroleum dealers called off their strike after a successful meeting with the Ministry of Energy on increasing the dealer’s margin from 2 percent to 6 percent.The meeting ended with the conclusion that the Ministry of Energy will send a summary contain…

Affairs

These Banks Will Roll Out Collateral-Free Loan Scheme for SMEs

Governor State Bank of Pakistan, Dr. Reza Baqir, announced that banks have shown an overwhelming response to an innovative financing scheme for collateral-free lending to SMEs introduced by the State Bank and supported by the Government of Pakistan.The…