Karachi: The Salt Manufacturers Association of Pakistan (SMAP) has urgently requested intervention from Prime Minister Shahbaz Sharif and the Federal Minister of Communications, Abdul Aleem Khan, regarding the misuse of axle load regulations by transp…
Karachi: In a significant move to support local industries, the Sindh Food Authority (SFA), directed by Muzamil Hussain, has granted a two-month grace period to businesses in Korangi to improve their food quality standards. This decision follows a req…
Karachi: VIS Credit Rating Company Limited (VIS) has officially announced the maturity of the TFC-I, a Basel 3 Compliant Tier-II debt instrument issued by U Microfinance Bank Limited (UMBL), valued at Rs. 600.0 million. The financial instrument, which…
Karachi: VIS Credit Rating Company Limited has assigned a preliminary rating of ‘A-1+’ to the proposed Short-Term Sukuk VI (STS-VI) of Pakistan Telecommunication Company Limited (PTCL), amounting to PKR 10 billion. This rating indicates the highest ce…
Jeddah: In a significant move to enhance domestic tourism, Saudia Group, which includes Saudia Airlines and flyadeal, has launched eight new daily flights connecting Jeddah, Riyadh, and Dammam to Abha. This initiative aligns with ongoing efforts by th…
Islamabad: In a robust display of economic support, overseas Pakistani workers remitted a record $30.3 billion back home during the fiscal year 2023-24, as per the State Bank of Pakistan (SBP). This marks a significant increase of 10.7% from the previ…