Bank Islami Pakistan Limited (BIPL) and Elahi Group of Companies (EGC)/Zafar Agencies (ZA) have filed a compromise agreement in the Sindh High Court through which all liabilities will be settled and full closure and withdrawal of all pending complaints and litigation has been agreed on a no-fault basis between the

The management of the Pakistan Stock Exchange (PSX) has proposed a reduction of brokerage commission on Fixed Income Exchange Traded Fund (ETF) from 0.15 percent (3 paisa) to 0.01 percent (1 paisa) of the transactional value. According to the notification, the step is being proposed to promote the acceptability and

Senior representatives of one of the world’s largest investment banks, JP Morgan Chase & Co., called on Federal Minister for Privatization, Mohammed Mian Soomro, to discuss privatization of the National Power Parks Management Company (NPPMCL) on Monday. The meeting was held in the backdrop of the government’s plans to privatize

At a CDWP meeting presided over by Deputy Chairman Planning Commission, Mohammad Jehanzeb Khan, cleared three development projects with a cost of Rs. 9.168 billion and recommended two projects worth Rs. 130 billion to the Executive Committee of the National Economic Council (ECNEC) for further consideration. Secretary Planning, Hamid Yaqoob

The Rawalpindi Chamber of Commerce and Industry (RCCI) has urged Rawalpindi Development Authority (RDA) to establish industrial and economic zones along the Ring Road. If industrial zones are not established, the status of the Ring Road would be reduced to a single road. The relocation of goods transportation, company warehouses,