Category: Featured
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Samba Bank Limited Board Appoints Rashid Jahangir as President & CEO
PAKISTAN Samba Bank Limited (SBL) has informed the Pakistan Stock Exchange (PSX) that its Board of Directors has approved the appointment of Mr. Rashid Jahangir as President and Chief Executive Officer of the bank. The decision was taken during the 133rd meeting of the Board of Directors held on February 17, 2026. Mr. Jahangir, who…
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FBR Signs Training Agreement with LUMS for Officer Certification Program
PAKISTAN The Federal Board of Revenue (FBR) has signed a contract with the Lahore University of Management Sciences (LUMS) to deliver customized professional certification programs for its officers, marking a significant step in strengthening institutional capacity and modernization efforts. The signing ceremony was attended by Chairman FBR, Member (Admin/HR), Member IR-Operations, Member Customs-Operations, Directors General…
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Oil and Gas Development Company Boosts Output at Kal-03 Well to 750 BPD
PAKISTAN Oil and Gas Development Company Limited (OGDCL) has informed the Pakistan Stock Exchange (PSX) that it has significantly enhanced oil production from its Kal-03 well, located in District Chakwal, following a successful workover operation. According to the company’s disclosure, prior to the intervention, the well was producing approximately 50 barrels of oil per day…
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Federation of Pakistan Chambers of Commerce & Industry Welcomes Reduction in Sindh Infrastructure Cess
PAKISTAN By Abdullah Solangi At a press conference held at Federation House, Karachi, the President of the Federation of Pakistan Chambers of Commerce & Industry (FPCCI), Atif Ikram Sheikh, welcomed the Sindh government’s decision to reduce the Sindh Infrastructure Cess from 1.85 percent to a range of 0.80 percent to 0.85 percent. Describing the development…
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PIA: Arif Habib Consortium Announces Plan to Acquire Remaining 25 PC Govt. Stake
PAKISTAN The consortium led by Arif Habib Group has announced its intention to acquire the remaining 25 percent stake held by the Government of Pakistan in Pakistan International Airlines (PIA), a move that would give it full ownership and control of the national carrier. Speaking to a British media outlet, Shahid Ali Habib, Chief Executive…