News & Updates

News Update

07

May 2025

May 07, 2025 • 5 min read

Govt Launches Pakistan’s First Green Sukuk

The Government of Pakistan has announced a major milestone in the nation’s sustainable finance journey with the launch o...

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News Update

07

May 2025

May 07, 2025 • 5 min read

Gold Rate Increases as Price Inches Towards Record High Again

The price of 24 karat gold witnessed an increase of Rs. 800 per tola on Wednesday and was sold at Rs. 356,900 against it...

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News Update

07

May 2025

May 07, 2025 • 5 min read

International Industries Limited Launches Subsidiary in Ireland to Enter Europe

International Industries Limited (INIL), Pakistan’s largest manufacturer and exporter of steel and polymer pipes, has an...

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News Update

07

May 2025

May 07, 2025 • 5 min read

Stocks of JF-17 and J-10C Maker Soar, Dassault Aviation’s Shares Crash Like Rafale Jets

The shares of Chengdu Aircraft Corporation (CAC) at Shenzhen Stock Exchange (SZSE) jumped by 11.85 points after news of...

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News Update

07

May 2025

May 07, 2025 • 5 min read

PSX Crashes By Over 6,500 Points in First Minute of Trade Following Indian Attack

The Pakistan Stock Exchange (PSX) witnessed a bloodbath on early Wednesday morning as the benchmark KSE-100 index plumme...

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News Update

07

May 2025

May 07, 2025 • 5 min read

FM Convenes Emergency Meeting on National Financial Security Amid Rising Tensions With India

An emergency meeting was convened today in the Finance Division under the chairmanship of the Federal Minister for Finan...

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News Update

07

May 2025

May 07, 2025 • 5 min read

Govt Likely to Double Tax on Fertilizers and Impose Duty on Pesticides in FY26 Budget

The federal government wants to increase the federal excise duty on fertilizers to 10 percent and impose a new 5-10 perc...

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News Update

07

May 2025

May 07, 2025 • 5 min read

Senator Wants Pakistan Army to Destroy Every Indian Dam

Senator Palwasha Khan on Wednesday demanded missile strikes on Indian dams to destroy all water structures that block Pa...

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News Update

07

May 2025

May 07, 2025 • 5 min read

CCP Allows Secure Logistics Group to Acquire Trax Online

The Competition Commission of Pakistan (CCP) has approved the 100 percent acquisition of Trax Online (Pvt.) Ltd. by Secu...

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News Update

07

May 2025

May 07, 2025 • 5 min read

GSMA Urges Pakistan to Reduce Taxes on Mobile Services in Next Budget

The Global System for Mobile Communications Association (GSMA) has asked the federal government to reduce taxes on the u...

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News Update

07

May 2025

May 07, 2025 • 5 min read

Oil Prices Rise As Worsening Pakistan-India Tensions Raise Supply Concerns

International oil prices have risen by over 1 percent due to rising tensions between Pakistan and India in the past 24 h...

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News Update

07

May 2025

May 07, 2025 • 5 min read

PSX Partially Recovers After Going Down by 6,500 Points as Pak-India Tensions Flare

The Pakistan Stock Exchange (PSX) witnessed a bloodbath on Wednesday morning as the benchmark KSE-100 index plummeted by...

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News Update

07

May 2025

May 07, 2025 • 5 min read

SECP Assures Market Stability Amidst Current Geopolitical Situation

The Securities and Exchange Commission of Pakistan (SECP) Wednesday convened an emergent meeting to assess the situation...

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News Update

06

May 2025

May 06, 2025 • 5 min read

APTMA Raises Concerns Over “Draconian” Tax Ordinance

The All-Pakistan Textile Mills Association (APTMA) has lodged strong protest against Ordinance No. IV of 2025, issued on...

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News Update

06

May 2025

May 06, 2025 • 5 min read

Finance Minister Arrives in London to Bolster Economic Ties and Attract Investment

Minister for Finance and Revenue Senator Muhammad Aurangzeb arrived in London on Tuesday for a three-day official visit...

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News Update

06

May 2025

May 06, 2025 • 5 min read

Gold Rate in Pakistan Increases by Almost Rs. 15,000 Per Tola in Just Two Days

The price of 24 karat gold in Pakistan witnessed an increase of Rs. 6,100 per tola on Tuesday and was sold at Rs. 356,10...

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News Update

06

May 2025

May 06, 2025 • 5 min read

6-Month KIBOR Falls Following Monetary Policy Announcement

The 6M Karachi Inter-Bank Offered Rate (KIBOR) is currently trading at 11.44 percent as of May 6, 2025. Topline Securiti...

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News Update

06

May 2025

May 06, 2025 • 5 min read

Bank Al Habib to Exit Kenya Next Week

Bank Al Habib Limited (BAHL) will close its representative office in Nairobi on May 15, 2025, calling it quits from Keny...

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News Update

06

May 2025

May 06, 2025 • 5 min read

FTO Receives Record Complaints of Over 7,900 in a Month Against FBR

Federal Tax Ombudsman (FTO) has received the highest number of complaints, 7,919, against the Federal Board of Revenue (...

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News Update

06

May 2025

May 06, 2025 • 5 min read

Govt Scams Utility Stores Employees Into Working Without Pay

The federal government has stopped paying salaries to Utility Stores Corporation (USC) employees while keeping them work...

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News Update

06

May 2025

May 06, 2025 • 5 min read

Transparency International Seeks Action Against Fake Drugs, Expired Stents in These 3 Provinces

Transparency International (TI) Pakistan has extended its call for action against irregularities in the health sector to...

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