In a significant step towards reshaping Pakistan’s financial landscape, TPL Corp Limited (TPL) and Abhi (Private) Limited (Abhi) have entered into a Share Purchase Agreement (SPA) with FINCA Microfinance Coöperatief U.A to jointly acquire FINCA Microfinance Bank Limited. The announcement, made on Friday through a formal notice shared by TPL Corp to the Pakistan Stock […]
Master Changan Motors has just unveiled its most ambitious venture yet, a new lineup of electric vehicles (EVs) under the brand Deepal. This milestone marks a significant leap for Pakistan’s growing EV market, spearheaded by a powerful collaboration between three giants in electric mobility—Huawei, Changan, and CATL, the world’s leading EV battery manufacturer. In an […]
Islamabad, Pakistan – Digital transformation continues to reshape Pakistan’s financial landscape, and a new strategic partnership between United Bank Limited (UBL) and Jazz Cash is set to make a significant impact. By combining the strengths of UBL’s advanced digital banking platform with Jazz Cash’s leadership in mobile financial services, the two entities aim to streamline […]
Pakistan’s economy, like many developing nations, remains sensitive to fluctuations in petroleum prices, as fuel costs directly affect everyday lives and government revenue streams. Recently, Prime Minister (PM) of Pakistan was quick to claim credit for the consecutive reduction in retail petroleum prices, marking the fourth fortnight in a row of price cuts. The relief, […]
The EV Landscape in Pakistan As the global shift towards sustainable transportation accelerates, Pakistan finds itself at a crossroads in the adoption of electric vehicles (EVs). With the growing awareness of environmental concerns and the pressing need to reduce fuel imports, the government has introduced policies aimed at promoting the use of electric motorcycles, scooters, […]
The oil market experienced a significant price rebound of more than 1% on Thursday, driven by a large interest rate cut from the U.S. Federal Reserve. Brent crude, which had dipped below $69 last week—its lowest level of the year—rose to over $74, marking a recovery in oil prices. West Texas Intermediate (WTI) crude followed […]
Introduction The national economy of Pakistan is showing signs of steady progress, thanks to a series of prudent policies introduced by the incumbent government. As highlighted by Rana Ihsan Afzal Khan, the Coordinator to the Prime Minister on Commerce and Industry, Pakistan is transitioning from economic stability to a new phase of growth. This shift […]
Introduction In a significant development for Pakistan’s economy, the current account deficit (CAD) shrank by an impressive 81% during the first two months of the financial year 2024-25 (FY25). After grappling with a series of deficits, August 2024 marked a notable turning point, posting a $75 million surplus. This was a sharp contrast to the […]
In a significant boost to Pakistan’s struggling economy, the Asian Development Bank (ADB) has pledged to provide $2 billion annually in loans to Pakistan from 2024 to 2027. This commitment, amounting to a total of $8 billion over four years, comes at a crucial time as Pakistan grapples with mounting economic challenges, rising inflation, and […]
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