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PM Discusses Naval Preparedness with Admiral Naveed Ashraf

Islamabad: Prime Minister Muhammad Shehbaz Sharif met with Chief of Naval Staff, Admiral Naveed Ashraf, in Islamabad to discuss the Pakistan Navy's ongoing and upcoming initiatives.

According to a statement by Ministry of Information and Broadcastin...

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FPCCI Hosts Meeting to Enhance Pakistan-UAE Trade Relations

Karachi: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) hosted a significant meeting of the Pakistan-UAE Business Council at its headquarters in Karachi. The gathering was aimed at bolstering trade ties between Pakistan and the U...

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Bank Alfalah Reports Strong Financial Performance for 2024

Islamabad: The Board of Directors of Bank Alfalah Limited has approved the financial results for the year ended December 31, 2024, showcasing a robust performance in challenging conditions. The bank reported a profit after tax of PKR 38.318 billion, w...

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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...

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Pakistan Banks’ Profits Expected to Decline Amid Higher Taxes and Shrinking Margins

Karachi: The banking sector in Pakistan is bracing for a challenging fourth quarter, with anticipated declines in profitability driven by shrinking net interest margins and increased taxation costs. Despite these hurdles, dividend payouts are expected...

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Security Forces Eliminate Six Khwarij in North Waziristan

North Waziristan: Six members of the Khwarij group were killed in an intelligence-based operation conducted by security forces in the Mir Ali area, according to official reports.

According to a statement by Ministry of Information and Broadcasting, ...

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Cabinet Committee Reviews Restructuring Proposals for Information and Culture Ministries

Islamabad: A meeting of the Cabinet Committee on Rightsizing of the Federal Government convened at the Finance Division, led by Senator Muhammad Aurangzeb, the Federal Minister for Finance and Revenue. The focus was on evaluating restructuring proposa...

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