AL Habib Exchange, a subsidiary of Bank AL Habib, has officially started its operations in Pakistan. It has opened ten branches across four major cities: Karachi, Lahore, Islamabad, and Peshawar. Last year in September, following an announcement by Bank AL Habib, the Board of Directors unanimously agreed to establish an Exchange Company as a wholly-owned…
In a collaborative effort between the public and private sectors, the Capital Development Authority (CDA) has embarked on a significant endeavor to build Pakistan’s most extensive Information Technology Park (IT Park) in the nation’s capital, as reported by The News on Thursday. This initiative is a pivotal component of Prime Minister Shehbaz Sharif’s agenda, aiming…
Residents of Pakistan are confronting persistent inflationary pressures, with Sui Northern Gas Pipelines Limited (SNGPL) now advocating for a substantial rise in gas tariffs. According to reports from local media outlets, the Sui Northern Gas company has put forth a proposal for the third gas price hike in 2024. Insiders familiar with the situation have…
The hopes for relief from soaring utility bills in Pakistan appear to be fading away as the government’s promises collide with the stark reality of impending electricity tariff hikes. Despite pledges to alleviate the financial strain on the populace, a new wave of price adjustments threatens to further burden consumers. With many already paying over…
In a recent incident in Karachi’s historic Jodia Bazaar, the country’s oldest and largest wholesale market for essential goods, a vendor faced penalties for allegedly selling flour at a price below the officially prescribed rate. This occurrence has stirred controversy and brought attention to the complexities surrounding pricing regulations in Pakistan’s bustling markets. The Karachi…
Saudi Arabia and Pakistan are gearing up to celebrate Eidul Fitr with extended holidays for employees across both public and private sectors. In Saudi Arabia, the Ministry of Human Resources and Social Development has announced a four-day holiday, beginning on Monday, April 8th. This decision allows most workers to enjoy a well-deserved break, with the…
In Pakistan, it has been a customary practice for the State Bank to release fresh currency notes during festive occasions like Eidul Fitr. These new notes serve the purpose of facilitating the public in exchanging old currency for new ones, particularly for the tradition of giving Eidi to the younger generation amidst celebrations. However, sources…
In the bustling streets of Lahore, the Suzuki Wagon R has carved out a niche for itself as one of the most sought-after models offered by Pak Suzuki. Boasting a fuel-efficient engine and user-friendly driving experience, it has garnered significant attention from car enthusiasts across the country. One of the standout features of the Suzuki…
The Securities and Exchange Commission of Pakistan (SECP) has made a significant decision. They’ve decided that securities brokers can now offer services that comply entirely with Shariah law. This decision comes with certain rules and conditions, as outlined in the SECP’s S.R.O. 427(I)/2024, which they issued on Thursday. Here’s what the regulations say: These decisions…
Turkey is a popular tourist destination known for its historical sites, seaside resorts, and a wide range of entertainment options. Many Pakistani citizens visit Turkey annually for tourism purposes. To enter Turkey, Pakistani citizens holding ordinary passports need to obtain a visit visa. However, there’s good news for those with valid Schengen, USA, or UK…