News & Updates

News Update

28

Apr 2025

Apr 28, 2025 • 5 min read

State Bank Retains 2.5–3.5% Real GDP Growth Target for FY25

The State Bank of Pakistan (SBP) stands firm on its projection for real GDP growth in the range of 2.5 – 3.5 percent for...

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News Update

28

Apr 2025

Apr 28, 2025 • 5 min read

Rupee Continues to Fall Further Below 281 in Final Week of April

The Pakistani rupee (PKR) closed in red against the US Dollar (USD) today after opening trade at 282 in the interbank ma...

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News Update

28

Apr 2025

Apr 28, 2025 • 5 min read

SNGPL Posts 80% Profit Growth in FY24

Sui Northern Gas Pipeline Limited (SNGPL) has announced its financial results, wherein the company has reported a profit...

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News Update

28

Apr 2025

Apr 28, 2025 • 5 min read

Toyota Indus Motors’ Profit Grows 76% to Rs. 16.55 Billion in 9 Months

Indus Motor Company Limited (PSX: INDU) announced its financial results for the nine months ended March 31, 2025 (9MFY25...

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News Update

28

Apr 2025

Apr 28, 2025 • 5 min read

SNGPL Declares Highest-Ever Profit and Dividend for FY 2023-24

The Board of Directors of Sui Northern Gas Pipelines Limited (SNGPL), in its meeting held on Saturday, April 26, 2025, i...

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News Update

28

Apr 2025

Apr 28, 2025 • 5 min read

JS Bank Reports PKR 2.74 Billion Profit Before Tax for Q1 2025

JS Bank, one of the fastest growing banks in Pakistan, has announced its financial results for the first quarter ended M...

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News Update

28

Apr 2025

Apr 28, 2025 • 5 min read

Starlink’s License Issue in Pakistan Delayed Again

Elon Musk’s company Starlink will have to wait longer to get a license to provide satellite internet services in Pakista...

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News Update

28

Apr 2025

Apr 28, 2025 • 5 min read

Govt Collected Property Tax of Rs. 169 Billion in 9 Months of FY25

The Federal Board of Revenue (FBR) collected Rs. 169 billion in Withholding Tax (WHT) on property sales and purchases in...

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News Update

28

Apr 2025

Apr 28, 2025 • 5 min read

Sales Tax Return Filing Grinds to a Halt Amid FBR Amendments

The sales tax return filing has been practically stopped by the registered taxpayers due to multiple amendments introduc...

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News Update

28

Apr 2025

Apr 28, 2025 • 5 min read

Ahmad Tariq Resigns As CEO Samba Bank

The President and Chief Executive Officer (CEO) of Samba Bank Limited (PSX: SBL) Ahmad Tariq Azam has resigned from his...

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News Update

28

Apr 2025

Apr 28, 2025 • 5 min read

Pakistan Will Never be Shariah Compliant Without Anti-Piracy Enforcement

The road to a truly Islamic society cannot be selectively paved. If riba is haram, so is ghasab (usurping someone’s righ...

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News Update

28

Apr 2025

Apr 28, 2025 • 5 min read

IMF-WB Meetings End Without Any Clarity on Donald Trump’s Tariff Plan

Finance leaders from countries across the world left the IMF-World Bank Spring Meetings in Washington with little clarit...

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News Update

28

Apr 2025

Apr 28, 2025 • 5 min read

Container Blockade At Ports Cause Up to Rs. 100 Million in Demurrage Losses

Port congestion has caused demurrage losses of Rs. 80-100 million, with around 200 containers still stranded, the Federa...

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News Update

28

Apr 2025

Apr 28, 2025 • 5 min read

FFC Announces Results of First Quarter for the Year 2025

Fauji Fertilizer Company Limited (FFC) has announced its financial result for the first quarter of 2025 ended March 31,...

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News Update

28

Apr 2025

Apr 28, 2025 • 5 min read

Govt to Announce Small Decrease in Electricity Prices Soon

Electricity prices are expected to decrease slightly both under the monthly fuel charges adjustment (FCA) for March and...

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News Update

28

Apr 2025

Apr 28, 2025 • 5 min read

PSX Loses Over 1,400 Points Despite Strong Early Gains

The 100-Index of the Pakistan Stock Exchange (PSX) lost over 1,400 points on Monday after a positive start in morning tr...

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News Update

28

Apr 2025

Apr 28, 2025 • 5 min read

Lucky Cement Posts Highest Ever Quarterly Profit in Q3 FY25

Lucky Cement Limited (PSX: LUCK) reported a record-high quarterly profit after tax of Rs. 13.5 billion in 3QFY25 (uncons...

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News Update

27

Apr 2025

Apr 27, 2025 • 5 min read

IGATEX PAKISTAN 2025 Concludes on a High Note, Setting New Benchmarks for Innovation and Growth

The three-day IGATEX PAKISTAN 2025 – International Garment and Textile Machinery Exhibition concluded on April 26 at the...

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News Update

27

Apr 2025

Apr 27, 2025 • 5 min read

Tribunal Upholds Rs. 50 Million Fine Against Ghee and Edible Oil Companies in CCP Inquiry

The Competition Appellate Tribunal (CAT) has dismissed the appeal filed by the Pakistan Vanaspati Manufacturers Associat...

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News Update

27

Apr 2025

Apr 27, 2025 • 5 min read

Govt-Owned DISCOs Incur Rs. 143 Billion Loss in 9 Months

Losses of state-owned electricity distribution companies (DISCOs) rose sharply to Rs. 143 billion during the first nine...

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News Update

27

Apr 2025

Apr 27, 2025 • 5 min read

US Investment Firm Predicts Bitcoin to Rise to $2.4 Million per Coin

Florida-based investment company Ark Invest has sharply raised its long-term Bitcoin price forecast. It sees the cryptoc...

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