News & Updates

News Update

02

May 2025

May 02, 2025 • 5 min read

Govt to Finalize PakTok App Upgrades for Overseas Pakistanis Today

The Special Investment Facilitation Council (SIFC) has scheduled a key meeting on May 2, 2025, at the Prime Minister’s O...

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News Update

02

May 2025

May 02, 2025 • 5 min read

FBR Seals Retail Outlets of Clothing Brand in Karachi for Rs. 100 Million Tax Fraud

The Federal Board of Revenue (FBR) has sealed the offices and five retail outlets of Western clothing brand Sowears in K...

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News Update

02

May 2025

May 02, 2025 • 5 min read

Bank Alfalah Sells Entire Stake in Securities Subsidiary

Bank Alfalah Limited (PSX: BAFL) has formally announced that it has completed the divestment of its entire shareholding...

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News Update

02

May 2025

May 02, 2025 • 5 min read

Dubai Department of Economy and Tourism Set to Strengthen Travel Trade Connections at Arabian Travel Market Amid Q1 Visitor Growth

At the 32nd edition of Arabian Travel Market (ATM) in Dubai, the Dubai Department of Economy and Tourism (DET) will show...

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News Update

02

May 2025

May 02, 2025 • 5 min read

Punjab to Reportedly Bring 11 Businesses Under Tax Net

The Excise Department has proposed bringing 11 new categories—including private hospitals, laboratories, and event halls...

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News Update

02

May 2025

May 02, 2025 • 5 min read

Just 2 Listed Companies See Gains Since Announcing Stock Split At PSX

Only two listed companies out of six have seen a net positive return on their gains at the main bourse since announcing...

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News Update

02

May 2025

May 02, 2025 • 5 min read

Utility Stores Corporation Shuts Down 1,800 Outlets Due to Heavy Losses

The Utility Stores Corporation (USC) has closed 1,800 of its stores across the country due to significant losses. Source...

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News Update

02

May 2025

May 02, 2025 • 5 min read

Pakistan Records Highest Monthly Trade Deficit in 3 Years in April

Pakistan’s trade deficit in April 2025 increased by a whopping 36 percent on a year-on-year basis to $3.38 billion, comp...

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News Update

02

May 2025

May 02, 2025 • 5 min read

IT Minister Rules Out Any Delay in Starlink Launch in Pakistan

Federal IT Minister Shaza Fatima clarified on Friday that there is no delay in the licensing of Starlink in Pakistan and...

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News Update

02

May 2025

May 02, 2025 • 5 min read

Pakistan Loses Rs. 750 Billion Tax Revenue Per Year to Smuggling, Illicit Trade: Report

Pakistan loses Rs. 750 billion in tax revenue per annum due to illicit trade and smuggling, reflecting that smuggling an...

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News Update

02

May 2025

May 02, 2025 • 5 min read

PSX Surges 2,800 Points as Diplomatic Efforts Intensify to De-escalate Tensions with India

The Pakistan Stock Exchange (PSX) witnessed a turnaround on Friday as the benchmark KSE-100 Index gained over 2,700 poin...

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News Update

02

May 2025

May 02, 2025 • 5 min read

Rupee Slips Back Below 281 Against US Dollar to End Poor Week

The Pakistani rupee (PKR) closed in red against the US Dollar (USD) today after opening trade at 281 in the interbank ma...

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News Update

02

May 2025

May 02, 2025 • 5 min read

India Urges IMF to Review Loans to Pakistan Amid Rising Tensions

India has requested the International Monetary Fund (IMF) to reassess the financial assistance it has provided to Pakist...

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News Update

02

May 2025

May 02, 2025 • 5 min read

Gold Rate in Pakistan Down Almost Rs. 20,000 Per Tola from Record High

The price of 24 karat per tola gold witnessed a decrease of Rs. 1,300 and was sold at Rs. 344,500 on Friday against its...

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News Update

02

May 2025

May 02, 2025 • 5 min read

Dubai Islamic Bank Pakistan Appoints Muhammad Ali Gulfaraz As CEO

Dubai Islamic Bank Pakistan Limited has announced the appointment of Mr. Muhammad Ali Gulfaraz as its new Chief Executiv...

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News Update

02

May 2025

May 02, 2025 • 5 min read

Pakistan Records Historic Low Inflation of 0.3% in April 2025

Pakistan’s annual inflation clocked in at a historic low of 0.3 percent on a year-on-year basis in April 2025, according...

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News Update

02

May 2025

May 02, 2025 • 5 min read

ZTBL Privatization Has Complicated Recovery of Rs. 58 Billion From Defaulters

The federal government’s plan to privatize Zarai Taraqiati Bank Limited (ZTBL) by December 2025 has disrupted the bank’s...

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News Update

02

May 2025

May 02, 2025 • 5 min read

Finance Minister Assures S&P Global of Economic Growth in Hopes of Ratings Boost

Federal Minister for Finance and Revenue Muhammad Aurangzeb, along with his team, held a Zoom meeting today with represe...

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News Update

02

May 2025

May 02, 2025 • 5 min read

DigiEstate Applies for Listing At PSX

DigiEstate, the country’s first Shariah-compliant fintech/proptech startup—incubated at NIC Karachi and currently underg...

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News Update

02

May 2025

May 02, 2025 • 5 min read

Chashma Nuclear Power Plant Sets New Record with 400 Days of Continuous Operation

Chashma Nuclear Power Plant Unit-1 (C-1) has achieved the milestone of continuous operation for 400 days for the first t...

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News Update

02

May 2025

May 02, 2025 • 5 min read

Govt Starts Review of Recruitment Apps Used By Ministries

The federal government has initiated a detailed exercise to compile information on IT-based applications and software cu...

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