Karachi, January 15, 2025 – Oil and Gas Development Company Limited (OGDCL), Pakistan’s leading exploration and production company, has officially commenced production from its exploratory well, Kharo-1.
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Airlink Launches Xiaomi TVs in Pakistan
Karachi, January 15, 2025 – Air Link Communication Ltd. (Airlink) has announced the official launch of Xiaomi TVs in Pakistan, marking a significant step forward for the country’s consumer electronics market.
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CCP Approves 94.8% Stake Acquisition in FINCA Bank
ISLAMABAD, January 13, 2025 – The Competition Commission of Pakistan (CCP) has approved the acquisition of a 94.8% stake in FINCA Microfinance Bank Limited by TPL Corp Limited and ABHI (Private) Limited.
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PPL Commences Gas Production from Jamshoro Discovery
Karachi, January 10, 2025 – Pakistan Petroleum Limited (PPL) has announced the commencement of gas production from its exploratory discovery in District Jamshoro, Sindh Province. This milestone marks a significant contribution to Pakistan’s energy sector amidst the ongoing energy crisis.
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WTL Launches AI, Big Data Center of Excellence in Pakistan
Karachi, January 8, 2025 – WorldCall Telecom Limited (WTL) announced on Wednesday the establishment of a cutting-edge Center of Excellence (CoE) for Artificial Intelligence (AI) and Big Data Services at its premises in Pakistan.
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PPL Announces Settlement with Midland Oil Company in Iraq
Karachi, January 6, 2025 – Pakistan Petroleum Limited (PPL) has officially announced the successful settlement with Midland Oil Company (MdOC) regarding Block-8 in Iraq, marking a key achievement in the company’s international operations. This announcement was made through a communication sent to the Pakistan Stock Exchange (PSX) on Monday.
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Symmetry Group Partners with Aleph for Spotify Expansion
Karachi, January 6, 2025 – Symmetry Group Limited, a leading digital technology and experience company, has announced a strategic partnership with Aleph Holdings, a UAE-based ad tech solutions provider operating in over 140 markets globally. Aleph also represents Spotify, the world’s largest digital music streaming platform, in the region.
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US Fed Terminates Actions Against National Bank of Pakistan
Karachi, December 27, 2024 – The Federal Reserve Board of the United States has officially terminated enforcement actions against the National Bank of Pakistan (NBP). This decision marks a major step forward for the bank’s operations, both domestically and internationally.
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PPL Commissions Exploratory Well to Address Energy Crisis
Karachi, December 27, 2024 – Pakistan Petroleum Limited (PPL) has successfully commissioned an exploratory well in Sindh, a development poised to alleviate the country’s gas supply gap amid the prevailing energy crisis.
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SECP Ceases Guarantee Business of Insurance Company
The Securities and Exchange Commission of Pakistan (SECP) has taken decisive action to cease the guarantee business of Crescent Star Insurance Limited (Crescent Star). This action was executed through a Direction under Section 60 of the Insurance Ordinance, 2000. According to an official press release issued on Thursday, Crescent Star had issued guarantees worth Rs. 229 billion without securing the requisite collateral or establishing valid reinsurance arrangements.
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