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K-Electric Raises Rs4.4 Billion in Pakistan’s First Retail Sukuk IPO
K-Electric Ltd. raised Rs4.4 billion ($15.8 million) from Pakistan’s first retail-listed short-term Sukuk, more than doubling its Rs2 billion target in an initial public offering that drew strong demand from both institutional and individual investors. The share-sale, which closed Sept. 3, attracted more than 600 applicants, underscoring growing confidence in the Karachi-based utility’s growth plans…
WhatsApp Elevates Messaging with New Text Formatting Feature
WhatsApp, one of the most popular messaging apps, has introduced a set of text formatting tools to elevate the messaging experience on its web client. The release follows the recent rollout of the “search message by date” feature for WhatsApp’s desktop version, and it is initially available to select beta testers. According to WABetaInfo, a…
CCP Greenlights Merger to Boost Bank Makramah’s Growth and Capital Strength
In a major step toward transforming its financial footing, Bank Makramah Limited (BML) has secured approval from the Competition Commission of Pakistan (CCP) for the merger of M/s. Global Haly Development Limited (GHDL) with and into BML. The approval marks another milestone in the bank’s ongoing recapitalization and restructuring drive, aimed at reinforcing its position…
Al Jazeera Reporters Killed in Israeli Airstrike.
An Israeli airstrike in southern Gaza on Sunday resulted in the death of two Palestinian journalists, as reported by the Associated Press. Among the victims was Hamza Dahdouh, an Al Jazeera journalist who had previously lost four close relatives in the ongoing conflict. Hamza Dahdouh, the son of veteran Al Jazeera correspondent Wael Dahdouh, was…
Rs172b ADB Road Project Scandal: Senate Panel Slams NHA for Concealing Procurement Irregularities
Committee also questions SBP over NBP’s £22m UNBL UK share sale to UBL The Senate Standing Committee on Economic Affairs has accused senior officials of the Ministry of Communications and the National Highway Authority (NHA) of concealing major procurement irregularities in the ADB-financed CAREC Tranche-III (Rajanpur–D.G. Khan–D.I. Khan) road project worth Rs172 billion, calling it…
Where to travel asia Kind Mid Spirit
I am alone, and feel the charm of existence in this spot, which was created for the bliss of souls like mine.