FLASHNEWS:

Day: January 30, 2025

Karachi Cracks Down on Unauthorized Industrial Waste Disposal

Karachi: Sindh Solid Waste Management Board (SSWMB) Managing Director Tariq Ali Nizamani has issued a stern warning to industries that bypass the board’s services for waste disposal. Legal action will be taken against those using private contractors o…

Storm Fiber Expands Internet Services to Chitral

Karachi: Storm Fiber, powered by Cybernet, has announced the official launch of its services in Chitral, marking the company’s expansion into its 25th city in Pakistan. The move highlights Storm Fiber’s ongoing efforts to enhance digital connectivity …

KE CEO Engages with ADB to Boost Karachi’s Power Sector

Karachi: K-Electric’s CEO, Moonis Alvi, recently held discussions with the Asian Development Bank’s private sector operations team, led by Deputy Director General Cathy Marsh, to explore collaborative opportunities aimed at strengthening Karachi’s pow…

VIS Finalizes Rating for K-Electric’s PKR 5 Billion Sukuk

Karachi: VIS Credit Rating Company Limited (VIS) has concluded the rating process for K-Electric Limited’s (KEL) Short Term Sukuk (STS-25), which was valued at PKR 5.0 billion. The issuance and maturity of this financial instrument took place on May 2…

AlBaraka Forum Elevates Sukuk’s Role in Sustainable Finance

Karachi: The 4th AlBaraka Forum Regional Conference, held on January 28, 2024, at the Marriott Hotel in Karachi, spotlighted the critical role of Sukuk in sustainable economic growth. Organized by the AlBaraka Forum for Islamic Economy in collaboratio…