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Naseem Shah Extends Collaboration with TECNO for Spark 40 Series Launch

MInahil Abbasi
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Naseem Shah Extends Collaboration with TECNO for Spark 40 Series Launch

Pakistani cricketer Naseem Shah has renewed his partnership with smartphone brand TECNO for the upcoming Spark 40 Series. The collaboration aims to promote the new series through marketing campaigns, leveraging Shah’s popularity to enhance brand visibility and appeal among young consumers in Pakistan’s competitive smartphone market.

Naseem Shah will continue his collaboration with TECNO to promote the Spark 40 Series. The partnership will feature marketing campaigns highlighting the series’ features, aiming to attract young buyers and strengthen TECNO’s presence in Pakistan’s growing smartphone industry.

Naseem Shah TECNO partnership, Spark 40 Series launch, smartphone marketing Pakistan

PSX Hits Record High, Closes Above 147,000 Points for First Time

MInahil Abbasi
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0
PSX Hits Record High, Closes Above 147,000 Points for First Time

The Pakistan Stock Exchange (PSX) achieved a historic milestone by closing above the 147,000-point mark for the first time. The surge was driven by strong investor confidence, robust corporate earnings, and favorable economic indicators, reflecting a positive outlook for Pakistan’s financial markets.

The PSX closed above 147,000 points for the first time in history, boosted by investor optimism, strong corporate results, and supportive economic trends. This record performance highlights growing confidence in the market and signals positive momentum in Pakistan’s financial sector.

PSX record high, 147,000 points milestone, Pakistan stock market surge

Pakistan Issues Urgent Cybersecurity Alert Amid Surge in Hacking Attempts

MInahil Abbasi
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0
Pakistan Issues Urgent Cybersecurity Alert Amid Surge in Hacking Attempts

Authorities have issued a high-priority cybersecurity alert as hacking activities intensify across Pakistan. Government agencies, financial institutions, and private companies have been urged to strengthen their digital defenses. The alert warns of sophisticated cyberattacks targeting sensitive data, critical infrastructure, and financial systems, posing significant national security risks.

Pakistan has raised a cybersecurity alert following a rise in hacking incidents. Authorities warn that cybercriminals are targeting sensitive information and critical infrastructure. Businesses and government institutions have been advised to boost security measures to counter the growing threat and protect national digital assets from potential breaches.

Pakistan cybersecurity alert, hacking attempts surge, cyberattack prevention

Gold Prices Dip Slightly, Hover Near Rs. 360,000 Per Tola in Pakistan

MInahil Abbasi
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0
Gold Prices Dip Slightly, Hover Near Rs. 360,000 Per Tola in Pakistan

Gold prices in Pakistan saw a marginal decline but remained close to Rs. 360,000 per tola. Market analysts attribute the slight drop to minor fluctuations in international gold rates and a stable exchange rate, with demand in the local market staying relatively strong despite high prices.

Gold prices in Pakistan dropped slightly but stayed near Rs. 360,000 per tola. The minor change was linked to international market trends and currency stability. Despite the high rates, local demand remains steady, reflecting gold’s continued appeal as a safe-haven investment in uncertain economic conditions.

gold price Pakistan, Rs. 360,000 per tola, gold market trends

Pakistan Partners with Japan’s Soramitsu to Pilot Central Bank Digital Currency in 2025

MInahil Abbasi
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Pakistan Partners with Japan’s Soramitsu to Pilot Central Bank Digital Currency in 2025

Pakistan is set to collaborate with Japanese blockchain firm Soramitsu to test a Central Bank Digital Currency (CBDC) later this year. The pilot aims to evaluate the feasibility, security, and efficiency of a digital rupee, potentially paving the way for modernizing Pakistan’s payment systems and enhancing financial inclusion.

Pakistan will work with Japan’s Soramitsu to launch a Central Bank Digital Currency pilot in 2025. The project will assess the digital rupee’s potential for improving payment systems, boosting security, and expanding financial inclusion, marking a key step toward the country’s adoption of advanced financial technologies.

Pakistan CBDC pilot, Soramitsu partnership, digital rupee launch

Tribunal Confirms Rs. 35 Million Penalty on Flour Mills Association for Price-Fixing

MInahil Abbasi
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Tribunal Confirms Rs. 35 Million Penalty on Flour Mills Association for Price-Fixing

The Competition Appellate Tribunal has upheld the Competition Commission of Pakistan’s (CCP) decision to fine the Pakistan Flour Mills Association Rs. 35 million for price-fixing. The tribunal ruled that the association’s actions violated competition laws by manipulating market prices, harming consumers and fair trade practices.

The Competition Appellate Tribunal upheld the CCP’s Rs. 35 million fine on the Pakistan Flour Mills Association for price-fixing. The decision reinforces the enforcement of competition laws, holding the association accountable for market manipulation that adversely affected consumers and undermined fair business practices in the flour industry.

CCP fine, flour mills price-fixing, competition law enforcement

CJP Afridi Holds Key Meeting with Finance Minister on Tax Case Matters

MInahil Abbasi
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CJP Afridi Holds Key Meeting with Finance Minister on Tax Case Matters

Chief Justice of Pakistan Qazi Faez Isa Afridi met with Finance Minister Muhammad Aurangzeb to discuss pending tax-related cases. The meeting aimed to explore ways to expedite resolution of these cases to improve revenue collection and ensure judicial efficiency in matters affecting the country’s financial stability.

CJP Afridi and Finance Minister Aurangzeb discussed pending tax-related cases to enhance revenue collection and speed up judicial processes. The meeting focused on improving coordination between financial and judicial authorities to ensure timely resolutions, ultimately supporting Pakistan’s economic and fiscal stability.

CJP Afridi, tax-related cases, Finance Minister meeting

Pakistan Welcomes Court Ruling on Indus Waters Treaty

MInahil Abbasi
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Pakistan Welcomes Court Ruling on Indus Waters Treaty

Pakistan has welcomed the recent decision by the Court of Arbitration regarding the Indus Waters Treaty, calling it a victory for the country’s water rights. Officials stated the ruling affirms Pakistan’s position on disputes with India over water projects and will help protect the treaty’s implementation in the future.

Pakistan hailed the Court of Arbitration’s ruling on the Indus Waters Treaty as a significant win, reinforcing its stance in disputes with India. Authorities believe this decision will safeguard the treaty’s provisions and ensure fair water distribution between the two nations.
Indus Waters Treaty, Pakistan-India water dispute, Court of Arbitration ruling

Protected Electricity Slab Unlikely to Be Extended to 300 Units, Says Minister

MInahil Abbasi
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0
Protected Electricity Slab Unlikely to Be Extended to 300 Units, Says Minister

The government is unlikely to expand the “protected” electricity slab limit to 300 units, according to the Energy Minister. He stated that the current policy is designed to target only low-income households using limited electricity, and any extension could create fiscal challenges for the power sector.

The Energy Minister clarified that increasing the protected slab to 300 units is not under consideration, as it could strain the power sector’s finances and deviate from its goal of assisting low-income households. The current scheme will continue focusing on smaller consumers.
electricity tariff policy, protected slab, Pakistan energy sector

CDC Integrates RAAST Payment System with Munir Khanani Securities for Real-Time Fund Transfers

MInahil Abbasi
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0
CDC Integrates RAAST Payment System with Munir Khanani Securities for Real-Time Fund Transfers

The Central Depository Company (CDC) has integrated the RAAST payment system with Munir Khanani Securities, enabling real-time fund transfers for investors. This collaboration aims to streamline payment processes, improve transaction efficiency, and enhance the overall trading experience for clients.

With RAAST integration, investors can transfer funds instantly between their bank accounts and trading accounts without delays. The move is part of CDC’s broader strategy to adopt digital payment solutions and promote cashless transactions in Pakistan’s capital market.

Officials believe this step will boost investor confidence, reduce settlement risks, and contribute to the modernization of Pakistan’s financial ecosystem.

CDC RAAST integration, real-time fund transfers, Pakistan capital market digitization

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