FLASHNEWS:

Day: January 30, 2025

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…

New Tax Filing Rules Pose Challenges for Small Businesses: Bilwani

KARACHI: The recent changes by the Federal Board of Revenue (FBR) have made it nearly impossible for small businesses to file timely sales tax returns, according to Muhammad Jawed Bilwani, President of the Karachi Chamber of Commerce and Industry (KCC…

Interloop Limited Earnings Outlook Amid Expansion Challenges

Karachi: Interloop Limited (ILP) anticipates a modest improvement in earnings for the second quarter of the fiscal year 2025, with an expected earnings per share (EPS) of Rs0.68. This reflects a quarter-over-quarter improvement, though year-over-year …