News & Updates

News Update

17

Apr 2025

Apr 17, 2025 • 5 min read

Pace Subsidiary Joins DHA City as Development Partner

Pace (Pakistan) Limited (PSX: PACE) has announced that its subsidiary, Pace Barka Properties Limited, has signed a landm...

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News Update

17

Apr 2025

Apr 17, 2025 • 5 min read

Bank Alfalah Reports Over Rs. 7 Billion Profit for First Quarter of 2025

The Board of Directors of Bank Alfalah Limited (BAFL), in its meeting held on April 17, 2025, approved the Bank’s financ...

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News Update

17

Apr 2025

Apr 17, 2025 • 5 min read

Govt to Invite Fresh Bids for PIA Privatization Next Week

The government is set to issue a new advertisement next week inviting fresh bidders for the privatization of Pakistan In...

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News Update

17

Apr 2025

Apr 17, 2025 • 5 min read

Pakistan’s Foreign Reserves Fall by Over $125 Million

The foreign exchange reserves held by the State Bank of Pakistan (SBP) fell by $127 million on a weekly basis, according...

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News Update

16

Apr 2025

Apr 16, 2025 • 5 min read

Govt to End 3% FED on Property Sales After IMF Nod

The federal government has decided to abolish the 3 percent Federal Excise Duty (FED) on the first sale of all propertie...

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News Update

16

Apr 2025

Apr 16, 2025 • 5 min read

Rupee Up 2nd Day in a Row Against Rampant Dollar Despite Global Pressure

The Pakistani rupee (PKR) closed in green second day in a row against the US Dollar (USD) today after opening trade at 2...

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News Update

16

Apr 2025

Apr 16, 2025 • 5 min read

Govt Again Increases Petroleum Levy on Petrol, Diesel, High Octane

The government has further increased the petroleum levy on Motor Spirit (MS) petrol by Rs. 8.02, bringing it to Rs. 78.0...

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News Update

16

Apr 2025

Apr 16, 2025 • 5 min read

FBR Proposes Small Relief for Low/Middle Income Salaried Class If IMF Agrees

The Federal Board of Revenue (FBR) has proposed granting tax exemption to the low/middle-income salaried class in the up...

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News Update

16

Apr 2025

Apr 16, 2025 • 5 min read

SECP Sets Deadline for Shariah Compliance Certification of Investment Schemes

The Securities and Exchange Commission of Pakistan (SECP) has announced that the Shariah-compliant scheme launched after...

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News Update

16

Apr 2025

Apr 16, 2025 • 5 min read

SECP Notifies Amendments to NBFC Regulations

The Securities and Exchange Commission of Pakistan (SECP) has notified the final amendments to the Non-Banking Finance C...

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News Update

16

Apr 2025

Apr 16, 2025 • 5 min read

OICCI President Calls for Unified Economic Execution to Unlock Pakistan’s True Potential

Speaking at a high-level economic forum on “Navigating the Unknown,” Yousaf Hussain, President of the Overseas Investors...

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News Update

16

Apr 2025

Apr 16, 2025 • 5 min read

UBL Posts Highest Ever Quarterly Profit of Rs. 36 Billion in Q1 2025

United Bank (UBL) announced its 1Q2025 result today, where the bank recorded its highest ever quarterly earnings of Rs....

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News Update

16

Apr 2025

Apr 16, 2025 • 5 min read

Gold Rate in Pakistan Posts Massive Increase to Hit Almost Rs. 350,000 Per Tola

The price of 24 karat per tola gold increased by Rs. 8,600 and was traded at all time high at Rs. 348,000 on Wednesday a...

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News Update

16

Apr 2025

Apr 16, 2025 • 5 min read

Citi Pharma Submits Offer to Acquire Leading Pakistani Pharmaceutical Company

Citi Pharma Limited has submitted a non-binding offer for the potential acquisition of a leading pharmaceutical company...

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News Update

16

Apr 2025

Apr 16, 2025 • 5 min read

PSX Loses 755 Points Amid Global Trade Tensions

The 100-Index of the Pakistan Stock Exchange (PSX) witnessed a bearish trend on Wednesday, losing 755.40 points, a negat...

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News Update

16

Apr 2025

Apr 16, 2025 • 5 min read

Pakistan Plans to Buy More US Cotton, Soybean to Woo Trump And Get Tariff Discount

Pakistan is willing to increase imports of US cotton and soybeans to reduce the bilateral trade surplus with the United...

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News Update

16

Apr 2025

Apr 16, 2025 • 5 min read

HBL Uses AI to Connect with HBLPSL Fans

Celebrating a decade of HBLPSL (2016-2025), HBL has launched FanTunes — a groundbreaking fan engagement initiative. HBL...

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News Update

16

Apr 2025

Apr 16, 2025 • 5 min read

DISCOs Ask Govt Permission to Refund Rs. 51.5 Billion to Consumers

Pakistan’s state-run power distribution companies have filed petitions with the National Electric Power Regulatory Autho...

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News Update

16

Apr 2025

Apr 16, 2025 • 5 min read

Faysal Bank’s Main Shareholders Terminate Acquisition Talks

Faysal Bank Limited (PSX: FABL) disclosed to the Pakistan Stock Exchange (PSX) today that its sponsor shareholder, Ithma...

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News Update

16

Apr 2025

Apr 16, 2025 • 5 min read

Govt Keeps Petrol Price Unchanged Despite 14% Global Oil Price Drop

The federal government has decided to keep the prices of petrol and high-speed diesel unchanged for the next fortnight,...

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News Update

16

Apr 2025

Apr 16, 2025 • 5 min read

Hyundai Nishat Slapped With Massive Fine Over Deceptive Marketing at Tucson’s Launch

The Competition Commission of Pakistan (CCP) has cracked down on Nishat Hyundai Motors, slapping the auto giant with a R...

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