News & Updates

News Update

14

Mar 2025

Mar 14, 2025 • 5 min read

SECP Proposes New Dispute Resolution Framework for Islamic Finance Contracts

Under strategic action plan 2024-26 to develop Islamic finance in the non-bank financial sector, the SECP intends to int...

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News Update

14

Mar 2025

Mar 14, 2025 • 5 min read

Short-Term Inflation in Pakistan Down to Lowest on Record

The Sensitive Price Index (SPI) based inflation for the week ended March 13, 2025, decreased by 1.97 percent on a year-o...

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News Update

14

Mar 2025

Mar 14, 2025 • 5 min read

Pakistan Hopeful of $2 Billion Loan from IMF

Pakistan is hopeful of securing a $2 billion loan from the International Monetary Fund (IMF), which includes a $1 billio...

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News Update

14

Mar 2025

Mar 14, 2025 • 5 min read

Gold Rate in Pakistan Smashes All Previous Records After Huge Single-Day Increase

The price of 24 karat per tola gold increased by Rs. 4,700 and was traded at Rs. 314,000 on Friday as compared to its sa...

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News Update

14

Mar 2025

Mar 14, 2025 • 5 min read

Senate Committee on IT to Probe Rs. 59 Billion Unpaid Dues from LDI Operators

The Senate Standing Committee on Information Technology has once again taken up the issue of Rs. 59 billion outstanding...

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News Update

14

Mar 2025

Mar 14, 2025 • 5 min read

Stocks End Week on a High After Positive IMF Discussions

The 100-Index of the Pakistan Stock Exchange (PSX) continued with bullish trend on Friday, gaining 441.93 points, a posi...

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News Update

14

Mar 2025

Mar 14, 2025 • 5 min read

FBR Issues New Directions Regarding Production Monitoring at Factories

The Federal Board of Revenue (FBR) has directed manufacturers not to remove goods from their business premises unless pr...

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News Update

14

Mar 2025

Mar 14, 2025 • 5 min read

Chicken Prices in Rawalpindi and Islamabad Reach Record Highs

Chicken prices have surged in Rawalpindi and Islamabad, making white meat unaffordable for many as sugar prices continue...

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News Update

14

Mar 2025

Mar 14, 2025 • 5 min read

Govt Launches Pakistan Crypto Council to Regulate Blockchain, Digital Assets

The Pakistan Crypto Council (PCC) has been launched officially, marking a significant step in the country’s efforts to r...

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News Update

14

Mar 2025

Mar 14, 2025 • 5 min read

USF Disburses Rs 9.5 Billion for Telecom Projects in KP

The Minister for IT and Telecom, Shaza Fatima, in a written reply to the Senate of Pakistan, stated that the Universal S...

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News Update

14

Mar 2025

Mar 14, 2025 • 5 min read

Rupee Ends Week With Third Consecutive Decline Against US Dollar

The Pakistani Rupee (PKR) on Friday depreciated by 16 paisa against the US Dollar in the interbank trading and closed at...

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News Update

14

Mar 2025

Mar 14, 2025 • 5 min read

Security Papers Limited Signs Agreement for Upgradation of its Paper Machine

Security Papers Limited (SPL) has officially signed an agreement with Giesecke+Devrient (G+D), a global leader in securi...

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News Update

14

Mar 2025

Mar 14, 2025 • 5 min read

Gul Ahmed Textile Mills to Form 4 Wholly-Owned Subsidiaries for Sustainable Operations

Gul Ahmed Textile Mills Limited has announced plans to establish four wholly-owned subsidiaries focused on specialized t...

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News Update

13

Mar 2025

Mar 13, 2025 • 5 min read

Pakistan Offers Oman Use of Gwadar and Karachi Ports for Central Asian Markets Access

Pakistan has extended an invitation to Oman to utilize its Gwadar and Karachi ports as gateways to emerging Central Asia...

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News Update

13

Mar 2025

Mar 13, 2025 • 5 min read

ECC Approves Reduction in Solar Net Metering Rates

The Economic Coordination Committee (ECC) of the Cabinet, under the chairmanship of Finance Minister Senator Muhammad Au...

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News Update

13

Mar 2025

Mar 13, 2025 • 5 min read

Faysal Bank to Revolutionize Contactless Payments in Pakistan with Google Wallet

Faysal Bank Ltd (FBL), one of the leading Islamic Banks in Pakistan is set to offer its customers a unique feature, wher...

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News Update

13

Mar 2025

Mar 13, 2025 • 5 min read

LESCO to Provide Energy Saving Fans to Reduce Electricity Bills

Lahore Electricity Supply Company (LESCO) is introducing inverter fans to help reduce electricity consumption. The compa...

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News Update

13

Mar 2025

Mar 13, 2025 • 5 min read

Pakistan’s Foreign Exchange Reserves Fall by $150 Million in a Week

The foreign exchange reserves held by the State Bank of Pakistan (SBP) fell by over $150 million on a weekly basis accor...

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News Update

13

Mar 2025

Mar 13, 2025 • 5 min read

Visa Introduces Google Wallet for Cardholders in Pakistan

Visa (NYSE: V), a global leader in digital payments, has announced that cardholders in Pakistan can now add their Visa c...

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News Update

13

Mar 2025

Mar 13, 2025 • 5 min read

Samba Bank Announces Plans to Convert to Full-Fledged Islamic Bank

Samba Bank Limited has announced its intention to convert from a conventional bank to an Islamic banking institution, ac...

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News Update

13

Mar 2025

Mar 13, 2025 • 5 min read

Gold Rate in Pakistan Nears Fresh All-Time High as Price Surges

The price of 24 karat per tola gold increased by Rs. 2,800 and was traded at Rs. 309,300 on Thursday as compared to its...

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