Google Play Introduces a New Screening Policy for Digital Lending Apps in Pakistan

Islamabad, July 18, 2023 (PPI-OT): Google has introduced a new policy for personal loan applications with the commitment of protecting consumers across Pakistan from fake and unregistered loan apps. The new requirements, effective May 31, 2023, allow t...

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NEPRA to Conduct a Public Hearing on K-Electric’s Petition On FCA for June 2023

Karachi, July 18, 2023 (PPI-OT): K-Electric (KE) has filed a petition on account of Fuel Charges Adjustment for June 2023 at the rate of PKR 2.336 per unit. Public hearing in this regard will be held on July 26, 2023.Positive FCA for June 2023 is due t...

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Summit Bank Limited Announces Name Change to Bank Makramah Limited

Karachi, July 18, 2023 (PPI-OT): Summit Bank Limited is pleased to announce that the State Bank of Pakistan has granted its consent to change Summit Bank’s name to Bank Makramah Limited (abbreviated as BML). This will become effective subject to other ...

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JDW Sugar Mills to Hold Board Meeting for 3rd Quarter Financial Statements, Announces Closed Period

Karachi, JDW Sugar Mills Limited has announced that a meeting of its Board of Directors is scheduled to be held on July 25, 2023, in Lahore. The primary agenda of the meeting is to consider the 3rd quarter financial statements of the company for the pe...

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Avanceon Limited’s Wholly Owned Subsidiaries Secure $4.2 Million Worth of Contracts in Multiple Regions

Karachi, Avanceon Limited, a leading automation and control solutions provider, has announced that its wholly owned subsidiaries, Avanceon FZE in the United Arab Emirates and Avanceon Arabia InfoTech. WLL in a joint venture with Zamil, have successfull...

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Faysal Bank Limited Elects Mian Muhammad Younis as Chairman and Ahmed Abdulrahim Mohamed Abdulla Bucheery as Vice Chairman of the Board

Karachi, Faysal Bank Limited has announced the outcome of an urgent meeting of the Board of Directors held on July 17, 2023, in Karachi, where significant decisions were made regarding the leadership of the bank.During the meeting, the Board of Directo...

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Atlas Asset Management Approves Distribution for Atlas Liquid Fund, Offering Payout to Unit Holders

Karachi, Atlas Asset Management Limited has announced the approval of a distribution for Atlas Liquid Fund (ALF) by the management company and investment committee, authorized by the Board of Directors.Under the approved distribution, unit holders of A...

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