Islamabad, 17 Apr 2025: PSX-Listed Companies are increasingly making strides toward inclusive and ethical investing, and a recent high-profile visit further underlined this trend. In a significant development aimed at fortifying cross-border cooperation, a distinguished team of Malaysian Shariah-Compliant scholars and industry leaders was warmly received by the Pakistan Stock Exchange (PSX). The event served as a powerful symbol of the deepening ties between Malaysia and Pakistan in the realm of Islamic financial systems. The delegation was graciously welcomed by PSX Chairperson Dr. Shamshad Akhtar, PSX MD & CEO Farrukh H. Sabzwari, CDC CEO Badiuddin Akber, NCCPL Deputy CEO Imran…
Author: Iqra Khan
Islamabad, 17 Apr 2025: Keeping shipping companies offices open six days a week is essential to reduce the cost of doing business and to support the growth of the national economy. Shipping companies must not ignore the Prime Minister’s directive in this regard. Customs, logistics, and supply chain expert and former President of the Karachi Customs Agents Association, Khurram Ijaz, has appreciated all prominent shipping companies that are complying with the Prime Minister of Pakistan’s instructions by keeping their offices open on Saturdays, thereby ensuring facilitation for the trade community. READ MORE:
Islamabad, 17 Apr 2025: Hailstorm Alert for Islamabad has been issued once again by the Pakistan Meteorological Department (PMD), just a day after a severe hailstorm unexpectedly struck the capital, causing widespread damage. While the intensity of the upcoming weather is projected to be less fierce, officials are urging residents to stay cautious as another round of disruptive conditions looms. Another Round of Wind and Hail Likely According to a PMD representative, Islamabad could witness strong gusty winds, localized dust storms, and the possibility of fresh hail showers within the next 24 hours. READ MORE:
Islamabad, 17 Apr 2025: Pace Subsidiary has taken a bold leap forward by becoming a key development partner in the highly anticipated DHA City Project in Karachi. This marks a pivotal move for Pace (Pakistan) Limited (PSX: PACE) as it deepens its presence in one of Pakistan’s most rapidly evolving metropolitan hubs. According to a formal disclosure made to the Pakistan Stock Exchange (PSX) on April 16, 2025, Pace Barka Properties Limited, a wholly-owned subsidiary of Pace, signed a groundbreaking agreement in Dubai to collaborate with DHA City Karachi on a range of large-scale residential and commercial initiatives. READ MORE:
Islamabad, 17 Apr 2025: In a potential milestone for astronomy, NASA’s James Webb Space Telescope (JWST) has detected compelling chemical evidence that may hint at life beyond our solar system. Scientists have observed unusual molecular signatures in the atmosphere of a distant exoplanet, signs that, on Earth, are typically linked exclusively to biological organisms. The Discovery: Traces of Life-Linked Chemicals The planet, designated K2-18b, revealed the presence of dimethyl sulfide (DMS) and dimethyl disulfide (DMDS) organic compounds that, here on Earth, are primarily released by marine microbes like phytoplankton. Although this does not confirm alien life, these compounds are widely…
Islamabad, 17 Apr 2025: The Competition Commission of Pakistan (CCP) has released its comprehensive report on the State of Competition in Pakistan’s Insurance Industry, highlighting key challenges and offering strategic recommendations for reform. Globally, the importance of insurance is evident, with the market estimated to reach a premium volume of $7.4 trillion in 2024. The global average insurance penetration was 6.7%, while Pakistan’s was only 0.87% in 2022. By comparison, insurance penetration in regional countries such as India and China was about 4% of GDP. Pakistan’s insurance density was US$14 (approximately Rs2000) in 2022, compared to India’s US$82. For a…
Islamabad, 17 Apr 2025: The European Union is moving forward with a proposal to tighten Schengen visa-free rules, signaling a major policy recalibration that could impact millions of international travelers. This shift would enhance the EU’s ability to temporarily suspend visa-free access for citizens from countries currently enjoying this privilege. Visa Exemption Framework Under Review The revised legislation, expected later this year, is designed to improve the EU’s mechanisms for responding to migration surges, security threats, and foreign policy concerns. READ MORE:
Islamabad, 17 Apr 2025: Pakistan Speed Underpass has become a symbol of swift progress and national ambition as Prime Minister Muhammad Shehbaz Sharif laid the foundation stone for the Jinnah Square Underpass on Murree Road. Addressing the inauguration ceremony, the Prime Minister declared that the country’s economic foundations have strengthened and that the nation is firmly advancing on the path to growth and prosperity. With an energized tone, he emphasized that Team Pakistan, united in purpose, is ready to steer the country toward a brighter future. READ MORE:
Islamabad, 17 Apr 2025: In a transformative step towards coastal revitalization, Pakistan has taken a major leap by aligning with China to establish a High-Tech Aquaculture Industry in Gwadar, under an integrated Maritime Development Plan The initiative was presented during a strategic session between Federal Minister for Maritime Affairs, Muhammad Junaid Anwar Chaudhry, and Professor Yu Bo, Chairman of China Overseas Ports Holding Company. The detailed proposal outlined by the Chinese delegation aims to turn Gwadar into a major global hub for sustainable seafood farming, processing, and exports. READ MORE:
Islamabad, 17 Apr 2025: In a significant move towards green transportation, the Punjab government has accelerated its efforts to establish Electric Charging Stations across Lahore. The initiative is aimed at catering to the increasing number of electric vehicles (EVs) and supporting sustainable mobility. A high-level meeting on the subject was recently presided over by Senior Member Board of Revenue (SMBR) Nabeel Javed, where various stakeholders discussed the roadmap for infrastructure development. High-Level Meeting Reviews EV Infrastructure Strategy The session was attended by key officials, including the Secretary Transport, Member Colonies, Deputy Commissioner Lahore, and other relevant authorities. The purpose of…
