TPL Real Estate Investment Trust Fund-I is scheduled to offer a minimum of 1.25% (22.94 million) units at Rs17.59 per unit to the general public with the aim of raising Rs403 million in the ongoing week at the Pakistan Stock Exchange Fund runners may opt for selling an additional 1.22% (22.39 million) units. They are looking to raise up to Rs797 million. Topline Research said, TPL REIT Management Company Limited, a 100% subsidiary of TPL Properties, had launched “Pakistan’s first and largest hybrid Shariah-compliant REIT namely TPL REIT Fund-I.” REITs are a type of investment that allows peopl ..read more

Latest SIFC strategy and the successful launch of NICs are attracting foreign IT investment to Pakistan. Highlighting continued efforts, a European software company, Icewarp, plans to invest in Pakistan by opening a data center in Karachi. They will partner with a local IT company, Hexalyze, for this project. The head of the Pakistan Software Houses Association (P@SHA), Mohammad Zohaib Khan, welcomed the news of a European data center company investing in Pakistan. He called it an encouraging sign, as it shows confidence from foreign investors. Jan Urbik Icewarp Global Chief Sales Officer said ..read more

واٹر اینڈ سینی ٹیشن سروسز کمپنی کے چیف ایگزیکٹو منصور ارشد نے دریائے سندھ کے کنارے پر ایک نیا پکنک اسپاٹ تیار کرنے کے منصوبہ بنانے کا اعلان کیا ہے۔ ایک نجی اجلاس کے دوران اس  ترقیاتی پراجیکٹ کی منظوری دی گئی۔اجلاس  میں ایڈیشنل ڈپٹی کمشنر فنانس سید گلفام عباس شاہ، اسسٹنٹ منیجر میڈم کمیلہ اور خیبر پختونخوا سٹیز امپروومنٹ پراجیکٹ امجد پرویز اور رضوانہ وڑائچ سمیت مختلف محکموں کے نمائندوں نے شرکت کی۔  ڈبلیو ایس ایس سی اور ٹی ایم اے کےمابین  تعاون سے اس منصوبے کے لیے حتمی اقدامات کی تصدیق کر دی گئی ہے۔ واٹر اینڈ سینی ٹیشن سروسزکے چیف ایگزیکٹو منصور ارشد نے کہا کہ اس   ..read more

Islamabad: Pakistan and Iran have agreed to raise bilateral trade to $10 billion over the next five years to strengthen bilateral cooperation in all industries. This agreement was reached during a meeting between Pakistani Prime Minister Shehbaz Sharif and Iranian President Seyyed Ebrahim Raisi. President Raisi is on a three-day visit to Pakistan, leading a delegation comprising cabinet ministers, senior officials, and business representatives. The interior ministers of the two countries have decided to ban terrorist organizations within their respective territories. They h ..read more

وزار ت پورٹ اینڈ شپنگ نے ملک بھر کی  شپنگ کمپنیوں کو ریگولیٹ کرنے کا فیصلہ کیا ہے۔ اس سلسلے  میں 30 اپریل کو پی این ایس سی ہاؤس میں ہنگامی اجلاس طلب کر لیا گیا ہے۔ وفاقی وزیر پورٹ اینڈ شپنگ قیصر احمد شیخ نے پیر کو کراچی چیمبر آف کامرس اینڈ انڈسٹری میں تاجروں اور  پی این ایس سی میں میڈیا سے گفتگو  کرتے ہوئے  کہا کہ سری لنکا میں آٹھ ماہ تک پھنسے جہاز کے بارے میں پی این ایس سی حکام نے وزارت کو لاعلم رکھا گیا اس حوالے سے تحقیقات کرکے ذمہ داروں کے خلاف کاروائی کی جائے گی۔ وفاقی وزیر پورٹ اینڈ شپنگ قیصر احمد شیخ نے کراچی چیمبر آف کامرس میں گفتگو کرتے ہوئے  ..read more

Ghotki: Mari Petroleum Company Limited (PSX: MARI) has discovered oil reserves by drilling at Shawal-l well in Mari D&PL, Sindh. With the finding, the region’s focus shifted from gas production to a new phase of oil exploration, marking a significant turning point in its history. Drilled on January 27, 2024, the Shawal-l well successfully penetrated the Ghazij Formation to a depth of 1,136 meters. After testing, the well produced 1,040 barrels of crude oil with a 12 percent Basic Sediment & Water (BS&W) concentration and an API gravity of about 30 degrees. Additionally, the well pr ..read more

Do you have money to invest but don’t know how to make a profit? Saving money is easier than investing. Because investment requires you to learn financial education to get a high ROI. However, if you are reluctant to acquire the art of investment, it is recommended to consult with some of the top investment companies and brokerage firms in Pakistan. These companies invest your money in different local and multinational companies to earn and provide you with a proportional share in the profit.  With the services of professional financial advisors and experts in these investment companies i ..read more

Islamabad: At the World Bank headquarters, Finance Minister Muhammad Aurangzeb, Donald Lu, Assistant Secretary, and Elizabeth Horst, Principal Deputy Assistant Secretary of the US State Department, discussed strengthening economic collaboration.  The Ministry of Finance has released a press statement stating that Donald Lu and Elizabeth Horst, Principal Deputy Assistant Secretary of the US State Department, met with the finance minister at the World Bank headquarters. The objective of the meeting was to highlight Washington’s political commitment to strengthening the economic ties be ..read more

ISLAMABAD: In a significant move, the committee convened a meeting to revise the by-laws of the Capital Development Authority (CDA), with a clear objective of boosting high-rise buildings in the city. Dr. Muhammad Khalid Hafiz, CDA Member Engineering, presided over the meeting. The Director Generals of Planning, Building and Housing Control, along with Finance and Estate Wings officials, were in attendance. The meeting thoroughly discussed various proposals, concluding that a new policy must be formulated soon. The policy will be presented before the CDA board for approval. A committee le ..read more

مریم نواز شریف نے مری کی ڈویلپمنٹ اور ترقی  کے لئے پلان طلب کر لیا اور مری سمیت دیگر سیاحتی مقامات پر پلاسٹک پر پابندی عائد کرنے کا حکم جاری کردیا۔ وزیراعلیٰ پنجاب مریم نواز شریف اور نواز شریف کی زیرصدارت ہونے والے   ..read more