News & Updates

News Update

14

May 2025

May 14, 2025 • 5 min read

Gold Rate in Pakistan Down by Almost Rs. 10,000 Per Tola This Week So Far

The price of 24 karat gold witnessed a decrease of Rs. 2,300 per tola on Wednesday and was sold at Rs. 341,900 against i...

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News Update

14

May 2025

May 14, 2025 • 5 min read

Govt Plans Digital Tracking of Petrol, Diesel to Curb Rs. 500 Billion Smuggling Loss

The federal government has introduced the Petroleum (Amendment) Act, 2025, in the National Assembly to digitally track p...

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News Update

14

May 2025

May 14, 2025 • 5 min read

Pakistan Receives 2nd Loan Tranche of $1.023 Billion From IMF

The State Bank of Pakistan (SBP) on Wednesday said it had received the second $1.023 billion tranche from the Internatio...

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News Update

14

May 2025

May 14, 2025 • 5 min read

Govt to Financially Compensate Victims of Indian Attack on Civilians in Azad Kashmir

The Prime Minister’s Office has urgently sought a comprehensive report detailing the damages and civilian impact caused...

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News Update

14

May 2025

May 14, 2025 • 5 min read

Tractor Production in Pakistan Plummets by over 35% in 10 Months of FY25

Tractors production in the country during last 10 months of current financial year was recorded at 24,832 as compared to...

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News Update

14

May 2025

May 14, 2025 • 5 min read

MSCI Adds 3 More PSX Companies to Its Frontier Markets Index

MSCI has announced its May 2025 Index review, wherein 3 new securities of Pakistan are added to the frontier market inde...

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News Update

14

May 2025

May 14, 2025 • 5 min read

UBL, Shahzad Trade Link to Promote Mechanization of Agriculture Farms in Pakistan

United Bank Limited (UBL) and Shahzad Trade Link (STL) have signed an agreement to promote the mechanization of agricult...

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News Update

14

May 2025

May 14, 2025 • 5 min read

CCP, NAB Join Forces to Tackle Bid Rigging and Collusive Tendering

The Competition Commission of Pakistan (CCP) and the National Accountability Bureau (NAB) have signed a Memorandum of Un...

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News Update

14

May 2025

May 14, 2025 • 5 min read

Rupee Down Slightly Against US Dollar, Other Currencies 2nd Day in a Row

The Pakistani rupee (PKR) closed in red against the US Dollar (USD) on Monday. On a day-on-day (DoD) basis, the interban...

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News Update

14

May 2025

May 14, 2025 • 5 min read

BankIslami and Sindh Enterprise Development Fund Join Hands to Promote SME Financing Across Sindh

BankIslami has partnered with the Sindh Enterprise Development Fund (SEDF) to promote and expand financing opportunities...

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News Update

14

May 2025

May 14, 2025 • 5 min read

8,400 Smart Water Meters Coming to Faisalabad Under Japan-Funded Project

The Government of Japan and the Japan International Cooperation Agency (JICA) have extended a grant aid of 510 million J...

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News Update

14

May 2025

May 14, 2025 • 5 min read

PIA Operating in Profit Since March 2024, NA Told

Pakistan’s national airline, PIA, has been operating in profit since March 2024, Parliamentary Secretary Zeb Jaffar info...

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News Update

14

May 2025

May 14, 2025 • 5 min read

Govt Once Again Ready to Consider Reducing Solar Buyback Rate

The Power Division will resubmit its proposal to the Economic Coordination Committee (ECC) to amend Net-Metering Regulat...

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News Update

14

May 2025

May 14, 2025 • 5 min read

SC Reinstates Sales Tax Amendment Act for FATA and PATA

The Supreme Court’s constitutional bench has reinstated the Sales Tax Amendment Act for the formerly Federally Administe...

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News Update

14

May 2025

May 14, 2025 • 5 min read

Telenor Pakistan Posts Rs. 33 Billion Revenue in Q1 2025

Telenor Pakistan posted total revenue growth of 8.7 percent on a year-on-year (YoY) basis during the first quarter of 20...

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News Update

14

May 2025

May 14, 2025 • 5 min read

Bulls Lose Steam as PSX Goes Down by 39 Points

The 100-Index of the Pakistan Stock Exchange (PSX) lost 39 points on Wednesday, a negative change of 0.03 percent, closi...

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News Update

14

May 2025

May 14, 2025 • 5 min read

Top US Magazine Calls Pakistan’s Recovery a ‘Macroeconomic Miracle’

Barron’s has described Pakistan’s recent economic turnaround as a “macroeconomic miracle of sorts,” after sharp improvem...

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News Update

14

May 2025

May 14, 2025 • 5 min read

Latitude CRS and Nutcracker Marketing Solutions Partner Up to Offer Holistic Marketing and Communications Solutions

Leading public relations firm Latitude CRS has joined hands with creative digital agency Nutcracker Marketing Solutions...

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News Update

14

May 2025

May 14, 2025 • 5 min read

New PTA Policy Will Let New Telcos Launch Services in Pakistan Without a Physical Network

The long-pending framework for Mobile Virtual Network Operators (MVNOs) is now being submitted to the federal cabinet fo...

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News Update

14

May 2025

May 14, 2025 • 5 min read

Govt Likely to Impose Sales Tax on Ride Hailing Services in Upcoming Budget

The federal government may impose sales tax on ride-hailing services operating in Islamabad in the next fiscal year’s bu...

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News Update

14

May 2025

May 14, 2025 • 5 min read

Mari Energies Ltd Wins Rights to Explore 10 New Oil and Gas Blocks Across Pakistan

Mari Energies Limited (PSX: MARI) has secured provisional petroleum exploration rights for ten new onshore blocks across...

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