Engro Corporation Limited (ENGRO) and Dawood Hercules Corporation Limited (DAWH) are in the final stages of their restructuring process, following the Scheme of Arrangement. This restructuring will reshape both companies and is expected to create more value for shareholders. Key Details of the Restructuring Both companies have completed all necessary regulatory requirements, and received the…
Veon Group, a leading global digital operator, has made a $15 million investment in Mobilink Bank to help boost its microfinance operations. This investment will help the bank offer more financing options to micro, small, and medium-sized enterprises (MSMEs), expand digital banking, and enhance financial inclusion. Key Areas of Investment This investment will focus on…
The Ministry of Information Technology and Telecommunication (MoIT&T) has started a major rightsizing initiative based on the recommendations of the rightsizing committee. This exercise aims to streamline operations, reduce costs, and improve efficiency across various entities under the Ministry. Ministry Structural Adjustments The Ministry has abolished 17 positions, with an additional 7 positions categorized as…
The World Bank has released a report titled “Poverty Projections for Pakistan,” which raises significant concerns about the increase in poverty in the country. According to the report, Pakistan poverty rate is expected to rise to 25.3% in 2024, up from 18.3% in 2023. This means an additional 13 million people will be pushed below…
Aqib Javed, Pakistan interim head coach and a member of the selection committee, has stressed the need for an expanded player pool. This is to meet the physical and mental challenges of modern cricket. He believes that expanding the pool of players is essential to keep up with the growing demands of the sport. The…
The Pakistan Tax Bar Association (PTBA) has asked for a larger bench to be set up in order to solve a tax confusion. This confusion affects Pakistanis who own property in the UAE and the UK. The PTBA wants the Appellate Tribunal Inland Revenue (ATIR) to form a larger bench to give a clear answer…
In 2024, Norway made a significant move towards a greener future by having 9 out of 10 new cars sold as fully electric. This achievement brings the country closer to its goal of only having electric cars on the road by 2025. Let’s explore how Norway managed this change and what it means for the…
In recent years, electric vehicles (EVs) have become more popular because they are better for the environment. However, there aren’t enough places to charge these vehicles. To solve this, the Senate Standing Committee suggested installing EV charging units at fuel stations. This would make it easier for people to find charging spots and encourage them…
