Author: Admin

Easypaisa Bank Becomes Pakistan’s First Licensed Digital Retail Bank

Admin
New-Easypaisa

KARACHI: The State Bank of Pakistan (SBP) has granted the country’s first digital retail bank licence to Easypaisa Bank, formerly Telenor Microfinance Bank Ltd, allowing it to commence commercial operations. At a ceremony held at the SBP, Governor Jameel Ahmad awarded the licence, highlighting the bank’s potential to drive financial innovation, expand financial inclusion, and provide affordable digital banking services. He reiterated SBP’s commitment to fostering a robust digital banking framework in Pakistan through a structured licensing process. Easypaisa Bank was among five entities that received NOCs from SBP in…

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Illegal LPG Transfer Triggers Deadly Explosion in Multan

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New-LPG1

MULTAN: A tragic LPG fire and explosion near the Industrial Estate in Multan has claimed multiple lives and caused extensive property damage. The incident was triggered by the illegal transfer of LPG from a bowser to cylinders at an unauthorized facility, where CO₂ was also being mixed with LPG. According to preliminary findings, prolonged LPG leakage led to the accumulation of gas in the surrounding area. As LPG is heavier than air, it spread unnoticed until an ignition source triggered a devastating explosion, resulting in severe casualties and destruction. The…

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Bilawal underlined need for more private investment in Sindh’s solar, wind energy sectors

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Bilawal-Bhutto

Pakistan Peoples Party Chairman, Bilawal Bhutto, while highlighting Sindh’s unmatching potential in the energy sector has underlined the need for increased private investment in Sindh’s solar and wind clean power sectors.Criticizing the determination of electricity tariffs in Islamabad without consulting the business community or the provincial government, he called it a major issue, adding, “It is you and I who bear the consequences of such policies.”Speaking about investment opportunities in the province, Chairman Bilawal Bhutto Zardari said that Sindh has as much coal as Saudi Arabia has oil. He highlighted…

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Govt Plans Cheaper Industrial Power, Tax Relief for Salaried Class Amid Security Deposit Hike

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Sale-Taxes

ISLAMABAD: The government has signaled relief for industrial electricity consumers and the salaried class, even as state-owned power distribution companies seek a massive 400% hike in security deposits from consumers. Speaking at a Pakistan Business Council event, Finance Minister Muhammad Aurangzeb acknowledged the excessive tax burden on salaried individuals and pledged to simplify the tax filing system. However, he remained uncertain about changes to tax slabs in the upcoming budget due to the ongoing IMF program. He noted improvements in Pakistan’s economy, including declining inflation, lower interest rates, and foreign…

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US natural gas prices drop

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natural gas prices

NEW YORK: US natural gas futures fell about 7% on Monday on forecasts for much warmer-than-normal weather over the next two weeks than previously expected that should keep heating demand low. Front-month gas futures for February delivery on the New York Mercantile Exchange fell 26 cents, or 6.5%, to $3.767 per million British thermal units (mmBtu) at 8:45 a.m EST (1345 GMT). On Friday, the contract closed at its highest since Jan. 16. Extreme cold and record gas demand last week, however, prompted speculators to boost their net long futures…

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