News & Updates

News Update

21

May 2025

May 21, 2025 • 5 min read

Govt Approves Hike in Gas Prices

The Oil and Gas Regulatory Authority (OGRA) has approved a 6.6 percent increase in prescribed gas prices to collect an a...

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News Update

20

May 2025

May 20, 2025 • 5 min read

Pakistan Misses Out on GDP Target for FY25

Pakistan’s economy is expected to grow by 2.68 percent in the ongoing fiscal year 2024-25, against earlier projections o...

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News Update

20

May 2025

May 20, 2025 • 5 min read

Persistent Profit-taking Sees PSX Lose Over 700 Points

The 100-Index of the Pakistan Stock Exchange (PSX) witnessed a bearish trend on Tuesday, losing 718.51 points, a negativ...

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News Update

20

May 2025

May 20, 2025 • 5 min read

SBP Launches Nationwide “Go Cashless” Campaign for Eid-ul-Azha

The State Bank of Pakistan (SBP) has initiated a nationwide “Go Cashless” campaign to promote digital payments and reduc...

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News Update

20

May 2025

May 20, 2025 • 5 min read

SBP Issues Guidelines for Regulatory Sandbox

In line with its Vision 2028, the SBP has issued the Guidelines for the Regulatory Sandbox (RSB) under Section 3 of the...

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News Update

20

May 2025

May 20, 2025 • 5 min read

Free Electricity Supply Not Possible: KE Spokesperson

K-Electric strongly condemns the violent mob attack on its IBC in Defence, said the KE spokesperson. “Miscreants from th...

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News Update

20

May 2025

May 20, 2025 • 5 min read

Pakistan, Deloitte Advance Talks on Critical Minerals and Energy Reforms

Federal Minister for Finance and Revenue Muhammad Aurangzeb held a meeting today with a high-level delegation from Deloi...

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News Update

20

May 2025

May 20, 2025 • 5 min read

PPRA Trains Over 10,000 Professionals in e-Procurement, Regulatory Frameworks

Aligned with the Prime Minister’s vision for a Digital Pakistan, the Public Procurement Regulatory Authority (PPRA), Pak...

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News Update

20

May 2025

May 20, 2025 • 5 min read

British Pound Spikes to Rs. 377 After Moody’s Decision to Downgrade US Rating

The Pakistani rupee (PKR) closed in red against the US Dollar (USD), British Pound, and most of the other top currencies...

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News Update

20

May 2025

May 20, 2025 • 5 min read

Dost Steels Ltd Enters Deal With Banking Consortium for Major Debt Restructuring

Dost Steels Limited (PSX: DSL) has signed a restructuring agreement with a consortium of banks, the company informed the...

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News Update

20

May 2025

May 20, 2025 • 5 min read

Ferzsons Laboratories Considers Acquiring Barrett Hodgson Pakistan

Ferzsons Laboratories Limited (PSX: FEROZ) announced on Monday that its Board of Directors has authorized the company to...

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News Update

20

May 2025

May 20, 2025 • 5 min read

Faysal Bank Hosts Remittance Awareness Event in Daska

Faysal Bank Limited (FBL), one of Pakistan’s leading Islamic banks, in continuation of its efforts to drive awareness ar...

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News Update

20

May 2025

May 20, 2025 • 5 min read

Bank Loans For Buying Cars Up 11.7% in April 2025

Auto financing in Pakistan has increased to Rs. 263 billion at the end of April, up from Rs. 236 billion in March, as bu...

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News Update

20

May 2025

May 20, 2025 • 5 min read

Pakistan’s Mobile Phone Imports Down by 14% in 10 Months

Mobile phone imports into Pakistan declined by 14.21 percent during the first ten months of the current fiscal year (Jul...

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News Update

20

May 2025

May 20, 2025 • 5 min read

Govt Likely to Impose FED on 50+ Ultra-Processed Food Items in FY26 Budget

The federal government is considering imposing a 5 percent Federal Excise Duty (FED) to generate Rs. 250 billion from mo...

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News Update

20

May 2025

May 20, 2025 • 5 min read

IMF Accepts Pakistan’s Request to Cut Regulatory Duties in Next Budget

The International Monetary Fund (IMF) has accepted Pakistan’s demand to reduce customs and regulatory duties under the n...

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News Update

20

May 2025

May 20, 2025 • 5 min read

Govt Plans to Increase Petroleum Levy in Upcoming Budget

The federal government has decided to remove the cap on the Petroleum Development Levy (PDL) to charge a levy of over Rs...

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News Update

20

May 2025

May 20, 2025 • 5 min read

CDWP Approves Establishment of National Center for Quantum Computing

The Central Development Working Party (CDWP), in a meeting chaired by the Federal Minister for Planning Ahsan Iqbal, app...

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News Update

20

May 2025

May 20, 2025 • 5 min read

NEPRA Approves Tri-Partite Power Purchase Agreement for KAPCO

Kot Addu Power Company Limited (PSX: KAPCO) has announced that the National Electric Power Regulatory Authority (NEPRA)...

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News Update

20

May 2025

May 20, 2025 • 5 min read

Finance Minister Asks UAE Banks for More Development Financing

The Ministry of Finance held a series of virtual meetings today with three UAE banks—Sharjah Islamic Bank, Abu Dhabi Isl...

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News Update

20

May 2025

May 20, 2025 • 5 min read

Over 20,000 IT Companies Registered with PSEB

The total number of IT and IT-enabled Services (ITeS) companies registered with the Pakistan Software Export Board (PSEB...

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