Regal Automobiles Industries Ltd (RAIL) on Saturday unveiled the country’s first locally assembled electric SUV, the Seres 3 at its Lahore plant. The event marked a pivotal moment in the nation’s efforts to embrace cleaner energy solutions and reduce its carbon footprint. Speaking on the occasion, Adeel Usman, Managing Director, RAIL said this achievement is a statement to the potential of Pak
Banks have pumped a record over Rs1 trillion into non-bank financial institutions (NBFIs) to avoid incremental tax in case of failure to take the advance-to-deposit ratio (ADR) at 50 per cent by the end of 2024. The State Bank’s latest report showed that the influx of huge liquidity exceeded the total stock of credits to NBFIs by 130 per cent. NBFIs are financial institutions that provide se
Pakistan International Airlines (PIA) said on Sunday it expects to resume European routes soon and is eyeing several UK destinations after the EU aviation regulator lifted its bar on the flag carrier. The European Union Aviation Safety Agency (EASA) suspended PIA’s authorisation to operate in the EU in June 2020 over concerns about the ability of Pakistani authorities and its Civil Aviation Aut
Climate change stands as one of the most critical challenges of our era, demanding united efforts and creative solutions. As the world confronts its escalating risks, the urgency to develop innovative and inclusive financial systems has never been greater. Islamic finance, known for its global reach and its focus on supporting the real economy and sustainable initiatives, presents a distinctive
The United Nations Framework Convention on Climate Change’s COP 29, dubbed the “Finance COP,” emphasised the critical need for mobilising climate finance to support the transition to a low-carbon economy, adapt to climate changes, and build resilience against future climate shocks. Recognising climate risk as a priority, the international investment community requires robust climate data to foc