News & Updates

News Update

04

Apr 2025

Apr 04, 2025 • 5 min read

Listed Companies to Benefit from Latest Cut in Electricity Prices

Listed companies that rely heavily on the grid will significantly benefit from the federal government’s latest relief in...

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News Update

04

Apr 2025

Apr 04, 2025 • 5 min read

Customs Official Dismissed for Allegedly Smuggling Mobile Phones

A Gilgit-Baltistan (GB) Customs official has been dismissed after an inquiry confirmed his involvement in smuggling mobi...

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News Update

04

Apr 2025

Apr 04, 2025 • 5 min read

US Markets Suffer Worst Plunge Since 2020, Oil Down 6% After Trump’s Tariff Bomb

The US stock market has suffered its worst plunge since 2020, while global oil prices are down 6 percent in the last 24...

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News Update

04

Apr 2025

Apr 04, 2025 • 5 min read

Pakistan Prepares to Counter Massive US Tariff on Exports

The federal government has unveiled a comprehensive strategy aimed at counteracting the massive (29%) US tariffs placed...

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News Update

04

Apr 2025

Apr 04, 2025 • 5 min read

Pakistan’s Textile Sector Braces for Impact as Trump Imposes New Tariffs

Pakistan’s top export destination just got a lot more expensive. The United States has imposed new reciprocal tariffs on...

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News Update

04

Apr 2025

Apr 04, 2025 • 5 min read

Sri Lankan Bank Drops Plan to Acquire Bank Alfalah’s Bangladesh Operations

Bank Alfalah Limited (PSX: BAFL) announced on Friday that Hatton National Bank (HNB) of Sri Lanka has decided not to pro...

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News Update

04

Apr 2025

Apr 04, 2025 • 5 min read

PBC Warns of Decline in Exports Following Trump’s Big Surprise

The Pakistan Business Council (PBC) has issued an early warning on the far-reaching implications of the United States’ n...

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News Update

03

Apr 2025

Apr 03, 2025 • 5 min read

Pakistan’s Inflation At its Lowest in Over 3 Decades

Pakistan’s Consumer Price Index (CPI)-based inflation slowed to 0.7 percent on a year-on-year basis in March 2025, compa...

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News Update

03

Apr 2025

Apr 03, 2025 • 5 min read

Govt Pays Off Outstanding Dues to Nishat Chunian Power Ltd

The Central Power Purchasing Agency (CPPA) has made a payment of outstanding dues to Nishat Chunian Power Limited (PSX:...

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News Update

03

Apr 2025

Apr 03, 2025 • 5 min read

Donald Trump Announces Flat 29% Trade Tariff on Pakistan

Pakistan’s exports to the United States, valued at nearly $6 billion, are now under a little bit of danger following US...

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News Update

03

Apr 2025

Apr 03, 2025 • 5 min read

Consortium Withdraws Bid to Purchase 69% Stake in Engro Powergen

Liberty Power Holding, Soorty Enterprises, and Procon Engineering have withdrawn their public announcement of intention...

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News Update

03

Apr 2025

Apr 03, 2025 • 5 min read

TPL Properties Discovers Gas Pocket in Karachi

TPL Properties Limited (PSX: TPLP) has reported the discovery of an underground gas pocket during a preliminary site inv...

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News Update

03

Apr 2025

Apr 03, 2025 • 5 min read

Mari Energies Discovers More Gas and Condensate in KP

Mari Energies Limited (PSX: MARI) has made its third gas and condensate discovery at the Spinwam-1 well in the Wazirista...

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News Update

03

Apr 2025

Apr 03, 2025 • 5 min read

Lotte Chemical Pakistan Extends Plant Shutdown

Lotte Chemical Pakistan Limited (PSX: LOTCHEM) has decided to keep plant operations suspended till April 17, the company...

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News Update

03

Apr 2025

Apr 03, 2025 • 5 min read

Pakistan’s Trade Deficit Shrinks By 7.5% in March 2025

Pakistan’s trade deficit decreased by 7.5 percent year-on-year (YoY) in March 2025 to $2.119 billion as compared to a de...

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News Update

03

Apr 2025

Apr 03, 2025 • 5 min read

Rupee Starts April in Red Against Top Currencies

The Pakistani rupee (PKR) closed in red to start the fourth month of 2025 against the US Dollar (USD) today after openin...

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News Update

03

Apr 2025

Apr 03, 2025 • 5 min read

Govt to Make it Harder to Get Solar Panel Systems and Net-Metering After Budget 2025-26

In a move set to rattle the country’s growing solar energy consumers, the Power Division will push forward with long-dre...

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News Update

03

Apr 2025

Apr 03, 2025 • 5 min read

Electricity Price Cut Announced by PM Shehbaz

Prime Minister Shehbaz Sharif on Thursday announced a big electricity tariff reduction applicable to all categories of d...

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News Update

03

Apr 2025

Apr 03, 2025 • 5 min read

Pakistanis Donate Rs. 619 Billion in Zakat in 2024

A survey has revealed that 50 million Pakistanis contributed Rs. 619 billion ($2.19 billion) in Zakat in 2024, more than...

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News Update

03

Apr 2025

Apr 03, 2025 • 5 min read

PSX Closes At New All Time High After Govt Announces Huge Cut in Power Tariff

Bulls reigned supreme at the main bourse today as investors poured in more money into equities following the federal gov...

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News Update

02

Apr 2025

Apr 02, 2025 • 5 min read

Bitcoin to Hit $500 Trillion Market Cap and Demonetize Gold, Property: Tech Mogul

MicroStrategy Executive Chairman Michael Saylor has projected that Bitcoin will eventually surpass gold, real estate, an...

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