News & Updates

News Update

16

May 2025

May 16, 2025 • 5 min read

SECP Issues Tailored Checklists for NBFCs to Boost Regulatory Clarity and Operational Ease

In a move to facilitate stakeholders and enhance regulatory clarity and operational convenience, the Securities and Exch...

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News Update

16

May 2025

May 16, 2025 • 5 min read

World’s Leading Business Owners’ Network Launches Global Accelerator Program in Pakistan

The Entrepreneurs’ Organization (EO), the world’s leading peer-to-peer network of successful business owners, launched i...

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News Update

16

May 2025

May 16, 2025 • 5 min read

Govt Will Not Procure Wheat This Year, PASSCO Being Wound Up

Federal Minister for Parliamentary Affairs Dr. Fazal Chaudhry informed the National Assembly on Friday that the governme...

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News Update

16

May 2025

May 16, 2025 • 5 min read

Pakistan’s Real Effective Exchange Falls Once Again in April 2025

Pakistan’s Real Effective Exchange Rate (REER) fell below 100 in April 2025, according to the latest data issued by the...

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News Update

16

May 2025

May 16, 2025 • 5 min read

Govt to Finalize Economic Targets and Development Budget Soon

The federal government is set to finalize economic targets and development budget recommendations for the current and up...

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News Update

16

May 2025

May 16, 2025 • 5 min read

Gold Price Posts Slight Increase, Still Down by Rs. 15,000 Per Tola This Week

The price of 24 karat gold witnessed an increase of Rs. 900 per tola on Friday and was sold at Rs. 336,100 against its s...

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News Update

16

May 2025

May 16, 2025 • 5 min read

National Savings Announces Rs. 1,500 Prize Bond Results for May 2025

The National Savings Centre in Karachi has announced the top winners of the Rs. 1,500 prize bond draw for May 2025. The...

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News Update

16

May 2025

May 16, 2025 • 5 min read

Finance Minister Reaffirms Commitment to Reforms, Fair Taxation Across All Sectors

Finance Minister Senator Muhammad Aurangzeb, held a meeting with a delegation of the American Business Council (ABC) at...

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News Update

15

May 2025

May 15, 2025 • 5 min read

PSX Closes at All-Time High Level of Nearly 120,000 Points

The Pakistan Stock Exchange (PSX) resumed its rally on Thursday, taking the benchmark KSE-100 index to an all-time high...

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News Update

15

May 2025

May 15, 2025 • 5 min read

240% Higher Cost Approved for Dasu Hydropower Project

The government on Wednesday conditionally approved the Dasu hydropower project with a revised cost of Rs. 1.74 trillion,...

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News Update

15

May 2025

May 15, 2025 • 5 min read

Govt Sets Up Task Force to Combat Water Crisis Impacting Rabi, Kharif Crops

The federal government has established a high-level task-force to address worsening water scarcity and its impact on Pak...

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News Update

15

May 2025

May 15, 2025 • 5 min read

Why Pakistan is Suddenly the Hottest Topic in Global Trade

Significant changes in global trade are pushing companies worldwide to rethink their supply chains in 2025. Traditional...

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News Update

15

May 2025

May 15, 2025 • 5 min read

Minister Claims Govt Has Reduced Electricity Prices by up to 57%

Federal Minister for Energy, Sardar Awais Ahmad Khan Leghari, has announced significant reductions in electricity tariff...

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News Update

15

May 2025

May 15, 2025 • 5 min read

Senate Panel Approves Captive Power Plants Levy Bill 2025 to Cut Electricity Costs

The Senate Standing Committee on Finance, chaired by Senator Anusha Rehman, today unanimously approved the Captive Power...

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News Update

15

May 2025

May 15, 2025 • 5 min read

Govt to Remove Rs. 120 Billion Import Taxes in FY26 Budget, Excludes Any Relief for Automobile Sector

Prime Minister Shehbaz Sharif has approved a Rs. 120 billion cut in import taxes in the upcoming budget, but has decided...

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News Update

15

May 2025

May 15, 2025 • 5 min read

World Bank Distances Itself From Mediating in Indus Water Treaty Dispute Between Pakistan and India

A spokesperson for the World Bank has clarified the institution’s role in the Indus Waters Treaty, a water-sharing agree...

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News Update

15

May 2025

May 15, 2025 • 5 min read

Jazz Reports 20% Revenue Growth in Q1 2025, Invests Rs. 9.5 Billion to Expand Digital Ecosystem

Pakistan’s leading digital operator and a part of the VEON Group, reported a 20.3% year-on-year revenue growth in Q1 202...

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News Update

15

May 2025

May 15, 2025 • 5 min read

Trump Urges Apple to Stop Making More iPhones in India

US President Donald Trump said on Thursday that he spoke with Apple CEO Tim Cook and urged him not to expand production...

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News Update

15

May 2025

May 15, 2025 • 5 min read

Rupee Reverses Losing Streak Against Major Currencies But Uncertainty Lingers

The Pakistani rupee (PKR) closed in green against the US Dollar (USD) on Thursday. On a day-on-day (DoD) basis, the inte...

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News Update

15

May 2025

May 15, 2025 • 5 min read

Payoneer Delivers Solid Q1 2025 Results With Continued Profitability

Payoneer (NASDAQ: PAYO), a global fintech leader empowering small and medium-sized businesses (SMBs) to expand globally,...

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News Update

15

May 2025

May 15, 2025 • 5 min read

Govt to Allow Import of 5 Year Old Used Vehicles in Upcoming Budget 

Pakistan is considering permitting the import of 5-year-old used vehicles as part of broader economic reforms aligned wi...

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