News & Updates

News Update

30

Jul 2025

Jul 30, 2025 • 5 min read

Rupee Climbs to 282 Against US Dollar Having Gained Over Rs. 8 in Open Market

The Pakistani rupee (PKR) closed in green 6th day in a row against the US Dollar (USD) and against the British Pound (GB...

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News Update

30

Jul 2025

Jul 30, 2025 • 5 min read

GoodWe Hosts Pakistani Consul General in Shanghai to Deepen Renewable Energy Partnership

As part of its continued commitment to international clean energy cooperation, GoodWe hosted Mr. Shehzad Ahmad Khan, Con...

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News Update

30

Jul 2025

Jul 30, 2025 • 5 min read

SBP Keeps Key Interest Rate Unchanged to Start FY26

The State Bank of Pakistan (SBP) announced on Wednesday that it has kept the interest rate unchanged at 11 percent. In i...

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News Update

30

Jul 2025

Jul 30, 2025 • 5 min read

Pakistan Ranks Among Top 20 Most Generous Nations According to World Giving Report 2025

Pakistan ranks 17th out of 101 countries in overall generosity, according to the World Giving Report (WGR) 2025. The Pak...

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News Update

30

Jul 2025

Jul 30, 2025 • 5 min read

Senate Blasts Govt for Rs. 36 Billion Loss After 63,000 Pakistanis Miss Hajj

A Senate subcommittee on Wednesday uncovered shocking details behind the failure of 63,000 Pakistani pilgrims to perform...

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News Update

30

Jul 2025

Jul 30, 2025 • 5 min read

CCP Recovers Rs. 360 Million in Penalties From Pending Cases

The Competition Commission of Pakistan (CCP) has made significant progress in reducing its legal backlog and recovering...

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News Update

30

Jul 2025

Jul 30, 2025 • 5 min read

Pakistan Eyes Giving Tax Relief to US Tech Firms to Unlock Long-Awaited Trade Deal

The Federal Board of Revenue (FBR) has submitted a summary seeking tax exemptions for US tech companies (like Google and...

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News Update

30

Jul 2025

Jul 30, 2025 • 5 min read

PHDL Trying to Fully Close Operations by December 2025

Pakistan Hotels Developers Limited (PSX: PHDL) has announced that it is aiming to complete its winding-up process by the...

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News Update

30

Jul 2025

Jul 30, 2025 • 5 min read

KGTML Engages Exporters to Boost Pakistan’s Dry Bulk Trade

Karachi Gateway Terminal Multipurpose Limited (KGTML) recently held a session with the Pakistan Business Council (PBC),...

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News Update

30

Jul 2025

Jul 30, 2025 • 5 min read

Govt Decides to Fully De-Regulate Sugar Sector

The federal government has decided in principle to deregulate the sugar sector, with a formal proposal expected to be pr...

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News Update

30

Jul 2025

Jul 30, 2025 • 5 min read

Sugar Prices Skyrocket After PM Shehbaz Decides to Fight Pakistan’s Most Powerful Lobby

Prime Minister Shehbaz Sharif’s aggressive tax enforcement campaign against the sugar mafia has triggered a sharp spike...

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News Update

30

Jul 2025

Jul 30, 2025 • 5 min read

Systems Limited to Acquire BAT UK’s IT Services Unit

Systems Limited (PSX: SYS) has announced its acquisition of British American Tobacco SAA Services (Private) Limited from...

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News Update

30

Jul 2025

Jul 30, 2025 • 5 min read

Govt to License Banks, Exchange Companies for Crypto Operations

The federal government has begun implementing its virtual asset regulatory framework. It held a high-level meeting in Is...

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News Update

30

Jul 2025

Jul 30, 2025 • 5 min read

FBR Imposes 18% Sales Tax on Import of Cotton Products

The Federal Board of Revenue (FBR) has imposed 18 percent sales tax on the import of cotton yarn, grey cloth, and raw co...

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News Update

30

Jul 2025

Jul 30, 2025 • 5 min read

IMF Lowers Pakistan’s Growth Outlook

The International Monetary Fund (IMF) on Tuesday in its latest World Economic Outlook Update projected Pakistan’s GDP gr...

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News Update

29

Jul 2025

Jul 29, 2025 • 5 min read

Zubair Shaikh Confirmed as CEO of Wafi Energy, Shell’s Licensee in Pakistan

Wafi Energy Pakistan Limited, the exclusive licensee of Shell fuel and lubricants in Pakistan, has confirmed Zubair Shai...

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News Update

29

Jul 2025

Jul 29, 2025 • 5 min read

Expert Claims Dollar’s Actual Value is Around Rs. 260

Renowned tax expert Ashfaq Yousuf Tola has claimed that after adjusting for the Current Account Balance (CAB) posted in...

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News Update

29

Jul 2025

Jul 29, 2025 • 5 min read

Licenses to Become Mandatory for Call Centers Amid Rising Fraud Cases

In response to a surge in digital financial fraud cases across Pakistan, authorities have decided to bring all call cent...

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News Update

29

Jul 2025

Jul 29, 2025 • 5 min read

Gold Falls for Record Fifth Day as Price Declines by Over Rs. 10,000 Per Tola

The price of 24 karat gold decreased by Rs. 1,600 per tola and was traded at Rs. 354,700 on Tuesday as against its sale...

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News Update

29

Jul 2025

Jul 29, 2025 • 5 min read

PSX Loses 1,400 Points As Market Witnesses Heavy Selling Pressure

The Pakistan Stock Exchange’s (PSX) benchmark KSE-100 Index witnessed bearish trend on Tuesday, losing 1,415 points, a n...

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News Update

29

Jul 2025

Jul 29, 2025 • 5 min read

Senate IT Committee Seeks Report on Fraudulent Call Centers, Cyber Scam Measures

The Senate Standing Committee on Information Technology and Telecommunication has summoned the Pakistan Software Export...

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