The Asian Development Bank has proposed a $500,000 regional technical assistance programme to strengthen public financial management and procurement systems in Pakistan and over 40 developing...
The Bank of Punjab (BoP) has been upgraded by PACRA to a AAA long-term entity credit rating from AA+ with a stable outlook, while its A1+...
The World Bank has approved a $70 million loan for Pakistan’s Connected Punjab Programme to expand broadband internet access, improve digital public services, and promote cashless...
The World Bank, in its report titled “Strengthening Fiscal Federalism in Pakistan,” said that Pakistan has made “meaningful” progress in fiscal federalism since 2010. However, the...
The British government is expected to challenge Paramount Skydance’s proposed $110 billion takeover of Warner Bros. Discovery, potentially delaying the completion of one of the media...
Nishat Group has acquired a 73.9% controlling stake in Rafhan Maize Products Company Ltd, marking one of Pakistan’s largest corporate takeovers in the food processing sector....
Pakistan’s long-awaited ML-1 railway project under CPEC is set to enter the construction phase early next year, with groundbreaking planned for the Rohri-Karachi section. An estimated...
The government has transferred management control of Pakistan International Airlines (PIA) to an investor consortium led by Arif Habib Corporation after completing the first financial closing...
British American Tobacco (BAT) has announced that nearly one-fifth of its global workforce will be reduced as part of a major cost-cutting programme. Around 5,500 jobs...
Pakistan Railways’ 996-kilometre Main Line-3 (ML-3) project, valued at Rs280 billion, will be financed through a $390 million (over Rs112 billion) bridge loan from Reko Diq...
