News

SLCL makes further progress in creditor settlements amid restructuring drive

Security Leasing Corporation Ltd (PSX:SLCL) has made further headway in its restructuring and revival plan, settling with several creditors while negotiations with others near completion. The company said discussions with its remaining creditors are progressing well and are expected to conclude successfully in the coming months. The company noted that some creditor settlements are now in the

Meezan Bank leads bulk eIPO subscription payments

Meezan Bank has become the first bank in Pakistan to roll out an Enhanced Bulk eIPO Subscription Payments Solution for the Central Depository Company of Pakistan (CDC). This enables seamless and efficient eIPO subscription payments for Roshan Digital Account (RDA) customers. The solution has also been extended to brokerage houses through CDC's Master TREC Module in the Centralized eIPO Syste

Pakistan, IMF review progress under EFF, RSF programmes

Pakistan and the International Monetary Fund (IMF) reviewed the country's macroeconomic performance and progress under the Extended Fund Facility (EFF), the Resilience and Sustainability Facility (RSF) and the broader Fund-supported reform programme. The Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb met First Deputy Managing Director Dan Katz, Deputy Managing Director Nige

Pakistan-China B2B conference held: Country secures USD629.5m in agreements: Kamal

Federal Minister for National Health Services, Regulations and Coordination Mustafa Kamal has said that during the recently held Pakistan-China Pharmaceutical Business-to-Business (B2B) Conference, the country has secured USD 629.5 million in agreements. Addressing a press conference here on Wednesday, the Minister said the conference marks a significant milestone in the government’s efforts to

Stakeholders voice concerns over auto policy: Mandviwalla briefed about operational challenges, tariff structures

The local auto industry stakeholders have expressed serious concerns over the government’s auto policy, saying that due to confusion, not a single plug-in-hybrid vehicle has been produced locally during the past three weeks. Briefing the Senate Standing Committee on Industries and Production, which met here on Wednesday with Senator Saleem Mandviwalla in the chair, industry representatives said