News & Updates

News Update

29

Apr 2025

Apr 29, 2025 • 5 min read

Pakistan to Get an Extension for $1.2 Billion Hydroelectric Power Project

The World Bank is considering extending the deadline for the $1.2 billion Central Asia-South Asia Electricity Transmissi...

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News Update

29

Apr 2025

Apr 29, 2025 • 5 min read

Electricity Consumers Likely to Get Rs. 1.50 Per Unit Relief for 3 Months

The consumers of XWAPDA power distribution companies (DISCOs) are likely to get relief of Rs. 1.50 per unit in power tar...

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News Update

29

Apr 2025

Apr 29, 2025 • 5 min read

Salaried Class Forced to Pay Record Rs. 391 Billion Income Tax in 9 Months

Pakistan’s salaried class paid a record Rs. 391 billion in income tax during July–March FY2024, making up 10 percent of...

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News Update

29

Apr 2025

Apr 29, 2025 • 5 min read

PM Shehbaz Directs Immediate Feasibility Work on Pakistan-Kazakhstan Railway Link

Prime Minister Muhammad Shehbaz Sharif on Tuesday directed the relevant authorities to immediately initiate work on the...

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News Update

29

Apr 2025

Apr 29, 2025 • 5 min read

Finqalab Surpasses PKR 5 Billion in Transactions — Sees Rapid Growth in 2025

Pakistani fintech startup Finqalab has announced that its mobile investment app has processed over PKR 5 billion in tota...

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News Update

29

Apr 2025

Apr 29, 2025 • 5 min read

PSO Posts Rs. 15.3 Billion Profit for 9 Months

Pakistan State Oil (PSO), a leading player in the nation’s energy sector, has reported a steady financial and operationa...

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News Update

29

Apr 2025

Apr 29, 2025 • 5 min read

Fasset Secures Sandbox License to Launch Pakistan’s First Tokenized Gold Solution

Fasset, a digital asset platform focused on driving financial inclusion in high-growth markets, has introduced Pakistan’...

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News Update

29

Apr 2025

Apr 29, 2025 • 5 min read

Audit Exposes Rs. 840 Million in Flood Relief Withdrawn From ATMs in Remote Areas

The Public Accounts Committee (PAC), chaired by Junaid Akbar Khan, convened to address audit objections pointing to fina...

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News Update

29

Apr 2025

Apr 29, 2025 • 5 min read

Gold Rate in Pakistan Breaks Losing Streak to Climb Towards Record High

The price of 24 karat gold witnessed an increase of Rs. 2,100 per tola and was sold at Rs. 349,200 on Tuesday against it...

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News Update

29

Apr 2025

Apr 29, 2025 • 5 min read

Bank of Khyber Profit Surges 108% in Q1

The Bank of Khyber (BoK) reported an impressive performance for the first quarter of financial Year 2025 (Q1FY25), with...

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News Update

28

Apr 2025

Apr 28, 2025 • 5 min read

FBR’s New Reward Policy: Echoes of Colonial Division or Modern Incentive?

The Federal Board of Revenue (FBR) and the streets outside its field formations across Pakistan are simmering with disco...

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News Update

28

Apr 2025

Apr 28, 2025 • 5 min read

Supernet Inks Agreement to Provide Internet Services At Reko Diq

Supernet Limited (PSX: GEMSNL) announced today that it has entered into a strategic partnership with Reko Diq Mining Com...

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News Update

28

Apr 2025

Apr 28, 2025 • 5 min read

PSX Announces Holiday on May 1

The Pakistan Stock Exchange (PSX) will remain closed on Thursday, May 1, on the occasion of Labour Day. “All concerned a...

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News Update

28

Apr 2025

Apr 28, 2025 • 5 min read

Prices for Used Computers, Laptops and Accessories To Drop Sharply Following Customs Revision

Directorate General of Customs Valuation Karachi has drastically reduced customs values on the import of old and used co...

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News Update

28

Apr 2025

Apr 28, 2025 • 5 min read

Gold Rate in Pakistan Falls Again But Stays Close to Rs. 350,000 Level

The price of 24 karat per tola gold witnessed a decrease of Rs. 1,600 and was sold at Rs. 347,100 on Monday against its...

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News Update

28

Apr 2025

Apr 28, 2025 • 5 min read

Will Govt Reduce Petrol Prices This Time?

Petroleum prices in Pakistan will likely decrease this week or see no change at all after huge fluctuations in internati...

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News Update

28

Apr 2025

Apr 28, 2025 • 5 min read

India to Incur Over $1 Billion Loss After Pakistan Shut Down Trade Route

India is expected to suffer approximately $1.14 billion in trade losses following restrictions on using Pakistani soil f...

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News Update

28

Apr 2025

Apr 28, 2025 • 5 min read

Govt Speeds Up Rightsizing of Useless Ministries to Meet IMF Demand

The government has decided to expedite the process of rightsizing to meet the conditions and targets set by the Internat...

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News Update

28

Apr 2025

Apr 28, 2025 • 5 min read

CCI Endorses Pause on New Canal Projects Until Provinces Reach Consensus

The Council of Common Interests (CCI) Monday endorsed the policy of the federal government under which it decided not to...

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News Update

28

Apr 2025

Apr 28, 2025 • 5 min read

Ex-Finance Minister Warns SBP’s Dollar Market Interventions Are Unsustainable

The State Bank of Pakistan (SBP) is purchasing dollars from hawala and hundi markets to keep the rupee-dollar rate betwe...

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News Update

28

Apr 2025

Apr 28, 2025 • 5 min read

Here’s the Expected Cost of Punjab Bullet Train Project

On the direction of Chief Minister Maryam Nawaz, the Punjab government has taken its first step towards launching a bull...

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