News & Updates

News Update

15

Apr 2025

Apr 15, 2025 • 5 min read

Textile Asia 2025 Facilitates $550 Million in Trade Agreements

Pakistan’s textile industry reached a transformative milestone with the successful Textile Asia 2025 Exhibition, hosted...

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News Update

15

Apr 2025

Apr 15, 2025 • 5 min read

Rupee Barely Recovers Against US Dollar But Drops Below 370 Against British Pound

The Pakistani rupee (PKR) closed in green against the US Dollar (USD) today after opening trade at 280 in the interbank...

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News Update

15

Apr 2025

Apr 15, 2025 • 5 min read

American Construction Firm Wins Contract for Reko Diq Development Project

The Reko Diq Joint Venture shareholders have approved the project’s updated Feasibility Study and conditionally approved...

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News Update

15

Apr 2025

Apr 15, 2025 • 5 min read

PSX Hosts Consultation Session on Proposed Reforms to GEM Board Regulations

Pakistan Stock Exchange Limited (PSX) conducted a consultation session to deliberate proposed amendments to the PSX Regu...

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News Update

15

Apr 2025

Apr 15, 2025 • 5 min read

Karachi Gas Pocket Fire Mysteriously Extinguishes After 18 Days

A fire that had been raging for 18 days in a gas pit in Karachi has mysteriously run out. The blaze, which began on Marc...

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News Update

15

Apr 2025

Apr 15, 2025 • 5 min read

National Savings Announces Rs. 750 Prize Bond Results

National Savings has announced the results of the Rs. 750 prize bond draw held on April 15, 2025, in Peshawar. The first...

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News Update

15

Apr 2025

Apr 15, 2025 • 5 min read

Pakistan’s Large-Scale Manufacturing Shrinks by 3.5% in February 2025

The Overall Large-Scale Manufacturing (LSM) sector has shown a negative growth of 1.9 percent during the first eight mon...

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News Update

15

Apr 2025

Apr 15, 2025 • 5 min read

Another Gulf Country Replaces UAE As Top Employer of Pakistani Workers

Immigration of Pakistani labor workers to the UAE dropped sharply during the first quarter of 2025 (1QCY25), largely due...

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News Update

15

Apr 2025

Apr 15, 2025 • 5 min read

Fitch Ratings Upgrades Pakistan’s Credit Rating to ‘B-‘ from ‘CCC+’ with Stable Outlook

Fitch Ratings has upgraded Pakistan’s Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘B-‘ from ‘CCC+’ with a...

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News Update

15

Apr 2025

Apr 15, 2025 • 5 min read

Largest Landlocked Country Eyes Maritime Cooperation With Pakistan

Federal Minister for Maritime Affairs Muhammad Junaid Anwar Chaudhry during a meeting with Kazakhstan’s Ambassador Yerzh...

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News Update

15

Apr 2025

Apr 15, 2025 • 5 min read

Gold Price On Course to Break Rs. 350,000 Per Tola Level After Another Increase

The price of 24 karat per tola gold increased by Rs. 600 and was traded at Rs. 339,400 on Tuesday as compared to its sal...

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News Update

15

Apr 2025

Apr 15, 2025 • 5 min read

Govt Set to Increase Petroleum Levy Instead of Reducing Petrol, Diesel Prices

A meeting of the Federal Cabinet, chaired by Prime Minister Muhammad Shehbaz Sharif, was held on Tuesday at the Prime Mi...

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News Update

15

Apr 2025

Apr 15, 2025 • 5 min read

IMF Ends Key Pakistan Visit, Flags Serious Flaws in Governance

The International Monetary Fund (IMF) has found serious flaws in Pakistan’s governance, including political interference...

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News Update

15

Apr 2025

Apr 15, 2025 • 5 min read

Trading in Lucky Cement Shares to be Suspended Next Week

The National Clearing Company of Pakistan Limited (NCCPL) has announced a temporary suspension in the trading of Lucky C...

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News Update

15

Apr 2025

Apr 15, 2025 • 5 min read

TRG Pakistan Public Offer Deadline Extended

The public offer to acquire up to 35.147 percent shares and control of TRG Pakistan Limited by Greentree Holdings Limite...

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News Update

15

Apr 2025

Apr 15, 2025 • 5 min read

PM Announces Massive Incentives for Overseas Pakistanis

Prime Minister Muhammad Shehbaz Sharif on Tuesday unveiled a comprehensive welfare package for overseas Pakistanis, aime...

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News Update

15

Apr 2025

Apr 15, 2025 • 5 min read

SECP to Set Up Dedicated Corporate Ultimate Beneficial Ownership Registry

The Securities and Exchange Commission of Pakistan (SECP) has proposed certain amendments to the Companies Regulations,...

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News Update

15

Apr 2025

Apr 15, 2025 • 5 min read

IMF Unhappy With Inadequate Property Rights Protection in Pakistan

The International Monetary Fund (IMF) directly raised concerns over weak contract enforcement and inadequate property ri...

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News Update

15

Apr 2025

Apr 15, 2025 • 5 min read

Tech Industry Demands 10-Year Extension of Final Tax Regime for IT Exports

Sajjad Mustafa Syed, Chairman of the Pakistan Software Houses Association (P@SHA), has said that, based on a broad-based...

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News Update

15

Apr 2025

Apr 15, 2025 • 5 min read

Fast Cables Expands Capacity with New Copper Upcasting Plant

Fast Cables Limited (PSX: FCL) Tuesday announced that it has successfully commissioned a state-of-the-art Copper Upcasti...

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News Update

15

Apr 2025

Apr 15, 2025 • 5 min read

Electricity Demand Spikes Above 21,000 MW as Heatwave Drives Up Consumption

Pakistan’s electricity demand has spiked above 21,000 megawatts (MW), Power Division sources informed ProPakistani. The...

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