News & Updates

News Update

06

Apr 2025

Apr 06, 2025 • 5 min read

Apple iPhone Price Could Triple in Pakistan Because of Trump’s Tariffs

The made-in-US iPhone could cost as much as $3,500 (over PKR 1 million) due to President Donald Trump’s latest trade tar...

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News Update

06

Apr 2025

Apr 06, 2025 • 5 min read

FBR Collects Record Rs. 242 Billion Tax On Interest Income of Bank Depositors

The Federal Board of Revenue has collected a record Rs. 242 billion in tax on the account of profit on debt in eight mon...

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News Update

06

Apr 2025

Apr 06, 2025 • 5 min read

Gold Rate in Pakistan Records Huge Decrease

The price of 24 karat per tola gold decreased by Rs. 5,500 and was traded at Rs. 320,000 on Saturday as compared to its...

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News Update

06

Apr 2025

Apr 06, 2025 • 5 min read

Pakistani Startups Raise Less Than $0.2 Million in First 3 Months of 2025

Pakistani startups raised a mere $196,000 across one publicly disclosed deal in the first quarter of 2025, with three fu...

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News Update

06

Apr 2025

Apr 06, 2025 • 5 min read

UBL Market Value Now Higher Than HBL and MCB Combined

From a market value of just Rs. 100 billion, United Bank Limited (PSX: UBL) has soared to a record Rs. 600 billion (US$...

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News Update

06

Apr 2025

Apr 06, 2025 • 5 min read

Local Cement Sales Decrease by 11.3% in March 2025

According to data released by the All Pakistan Cement Manufacturers Association (APCMA), local cement dispatches in Marc...

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News Update

06

Apr 2025

Apr 06, 2025 • 5 min read

FBR Revises Customs Values on Import of Old Engines, AC Compressors and More

The Directorate General of Customs Valuation Karachi has issued new customs values on the import of 189 types of old and...

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News Update

06

Apr 2025

Apr 06, 2025 • 5 min read

Govt Readies Plan to Remove PTV Fee From Electricity Bills

The federal government is moving forward with a plan to eliminate the unnecessary Rs. 35 monthly fee collected on behalf...

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News Update

05

Apr 2025

Apr 05, 2025 • 5 min read

Pakistan to Send High-Level Delegation to the US for Tariff Discussions: Finance Minister

Finance Minister Muhammad Aurangzeb announced that Pakistan has decided to dispatch a high-level delegation to the Unite...

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News Update

04

Apr 2025

Apr 04, 2025 • 5 min read

IMF to Send Delegation to Pakistan for Governance Review

The International Monetary Fund (IMF) has decided to send a delegation to Pakistan to provide technical assistance relat...

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News Update

04

Apr 2025

Apr 04, 2025 • 5 min read

BankIslami Launches Pakistan’s First-Ever Instant Cheque Encashment Service Driven by TouchPoint’s QMatch Technology

In a significant move for Pakistan’s banking sector, BankIslami, one of the leading Islamic financial institutions in Pa...

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News Update

04

Apr 2025

Apr 04, 2025 • 5 min read

PTA Spent More on Allowances Than Salaries in Last 3 Years

The Pakistan Telecommunication Authority (PTA) has spent more on allowances than salaries for its officers in the past t...

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News Update

04

Apr 2025

Apr 04, 2025 • 5 min read

Rupee Ends 1st Week of April in Green Against US Dollar

The Pakistani rupee (PKR) closed in green to end the week against the US Dollar (USD) today after opening trade at 281 i...

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News Update

04

Apr 2025

Apr 04, 2025 • 5 min read

Here’s a Complete Breakdown of New Electricity Unit Prices After Latest Relief

The federal government of Pakistan has reduced electricity tariffs across all consumer categories in an effort to provid...

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News Update

04

Apr 2025

Apr 04, 2025 • 5 min read

1.9 Million Digital Payments Were Made Under Ramadan Relief Package 2025

A total of 1.9 million digital payments were made under the Ramadan Relief Package 2025, marking a significant step towa...

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News Update

04

Apr 2025

Apr 04, 2025 • 5 min read

Bank Loans to Private Sector Skyrocket by 352% in 9 Months

Total bank loans to the private sector posted a big jump in nine months of fiscal year 2024-25 compared to 9MFY24. Accor...

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News Update

04

Apr 2025

Apr 04, 2025 • 5 min read

Telcos Unhappy Over Being Ignored By Govt in Electricity Price Relief Package

Telecom operators have welcomed the government’s recent decision to reduce the electricity tariff for general consumers,...

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News Update

04

Apr 2025

Apr 04, 2025 • 5 min read

Crescent Star Insurance Ltd Denies Allegations of Manipulating Stock Price

Crescent Star Insurance Limited (PSX: CSIL) has issued a strong response to accusations made by a member of the Pakistan...

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News Update

04

Apr 2025

Apr 04, 2025 • 5 min read

PSX Crosses Historic 120,000 Level After Gaining Over 1,850 Points

The main bourse made history today as investors poured more money into equities to push the index above 120,000 for the...

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News Update

04

Apr 2025

Apr 04, 2025 • 5 min read

JS Bank and Al Ansari Exchange Launch Millionaire Campaign for Overseas

JS Bank, one of the fastest-growing banks in Pakistan, has strengthened its partnership with Al Ansari Exchange, a leadi...

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News Update

04

Apr 2025

Apr 04, 2025 • 5 min read

Pakistan’s Foreign Reserves Up by $70 Million

The foreign exchange reserves held by the State Bank of Pakistan (SBP) rose by $70 million on a weekly basis, according...

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