News & Updates

News Update

01

Mar 2025

Mar 01, 2025 • 5 min read

State Bank of Pakistan Announces Bank Holiday for Ramadan

The State Bank of Pakistan has officially announced that Monday, March 3, 2025, will be observed as a ‘Bank Holiday’ acr...

Read Full Article

News Update

01

Mar 2025

Mar 01, 2025 • 5 min read

Regulated for Growth – Licensing as the Cornerstone of the Digital Banking Revolution

Banks integrated technology to address the rising need for quick transactional operations and enabled the smart cellular...

Read Full Article

News Update

28

Feb 2025

Feb 28, 2025 • 5 min read

Preparing for Summer: How Solar Energy Can Boost Efficiency & Savings

Average global temperatures are rising at an alarming rate. The decade (2014-2023) has been the hottest on record, with...

Read Full Article

News Update

28

Feb 2025

Feb 28, 2025 • 5 min read

Gold Rate in Pakistan Falls Again, Down Almost Rs. 10,000 Per Tola in Last 4 Days

The price of 24 karat per tola gold decreased by Rs. 2,500 and was sold at Rs. 300,500 on Thursday against its sale at R...

Read Full Article

News Update

28

Feb 2025

Feb 28, 2025 • 5 min read

Dual Nationals Banned From Becoming SBP Governor

Prime Minister Shehbaz Sharif has banned dual nationals to serve as governor, deputy governors, and members of the Monet...

Read Full Article

News Update

28

Feb 2025

Feb 28, 2025 • 5 min read

Govt Reduces Prices of Petrol, Diesel Ahead of Ramadan 

The federal government has announced new prices of petroleum products for the next fortnight.   According to the notific...

Read Full Article

News Update

28

Feb 2025

Feb 28, 2025 • 5 min read

BusCaro Secures Funding from Epic Angels to Expand Operations in Pakistan

Pakistani mobility startup BusCaro has secured investment from Epic Angels, the largest global female investor collectiv...

Read Full Article

News Update

28

Feb 2025

Feb 28, 2025 • 5 min read

AIRLINK’s Profit Grows 18% in 2QFY25, Company Announces Stock Split 

Air Link Communication Limited (PSX: AIRLINK) has announced a profit-after-tax (PAT) of Rs. 1.48 billion for 2QFY25 (EPS...

Read Full Article

News Update

28

Feb 2025

Feb 28, 2025 • 5 min read

Govt Yet to Decide on Deregulating Petroleum Prices

The Petroleum Ministry has made no decision on fuel price deregulation and assured that dealers will be consulted before...

Read Full Article

News Update

28

Feb 2025

Feb 28, 2025 • 5 min read

Jefferies Investors Call on Aurangzeb, Capital Markets and Investment Facilitation Discussed  

A delegation of Jefferies Investors, led by Alia Moubayed from Jefferies, called on the Federal Minister for Finance a S...

Read Full Article

News Update

28

Feb 2025

Feb 28, 2025 • 5 min read

KE’s Financial Best Practices Upheld in Federal Tax Ombudsman’s Decision 

K-Electric (KE) welcomes the Federal Tax Ombudsman’s (FTO) recent decision affirming the company’s full compliance with...

Read Full Article

News Update

28

Feb 2025

Feb 28, 2025 • 5 min read

Payoneer Posts Record-Breaking Results for 2024

Payoneer (NASDAQ: PAYO), a global fintech leader empowering small and medium-sized businesses (SMBs) to expand globally,...

Read Full Article

News Update

28

Feb 2025

Feb 28, 2025 • 5 min read

Weekly Inflation in Pakistan Down to Lowest on Record 

The Sensitive Price Index (SPI) based inflation for the week ended February 27, 2025, increased by 0.32 percent on a yea...

Read Full Article

News Update

28

Feb 2025

Feb 28, 2025 • 5 min read

Electricity Prices Could Rise Soon Due to Decrease in Water Reservoirs

A hydropower shortfall is threatening to cause big problems in Pakistan this summer as key reservoirs run out of water d...

Read Full Article

News Update

28

Feb 2025

Feb 28, 2025 • 5 min read

Wheat Worth Rs. 150 Billion Could Rot in Sindh Govt’s Warehouses

The Sindh government is at risk of losing wheat worth Rs. 150 billion as more than 1.37 million metric tons of the stapl...

Read Full Article

News Update

28

Feb 2025

Feb 28, 2025 • 5 min read

BankIslami Delivers Record 24% Surge in Profit

BankIslami has posted a record-breaking 24.4% rise in pre-tax profit to Rs. 25.5 billion for the year ending December 31...

Read Full Article

News Update

28

Feb 2025

Feb 28, 2025 • 5 min read

FBR Misses Tax Collection Target for February 2025 by Rs. 133 Billion 

The Federal Board of Revenue (FBR) has suffered a massive shortfall of over Rs. 600 billion during the first eight month...

Read Full Article

News Update

28

Feb 2025

Feb 28, 2025 • 5 min read

Toyota Indus Motor’s Profit Sees Massive 179% Increase in Q2 FY25

Toyota Indus Motor Company (IMC) Limited has posted a Profit After Tax (PAT) of Rs. 4.87 billion for the second quarter...

Read Full Article

News Update

28

Feb 2025

Feb 28, 2025 • 5 min read

Rupee Ends February in Green Against Top Currencies After Tough Start

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

Read Full Article

News Update

28

Feb 2025

Feb 28, 2025 • 5 min read

Business Leadership Optimistic About Economic Growth: Survey  

Pakistan’s business leadership including the CEOs of different companies expressed their optimism about the economic gro...

Read Full Article

News Update

28

Feb 2025

Feb 28, 2025 • 5 min read

Punjab Govt Plans to Shift All 43 Jails to Solar Energy

The Government of Punjab has decided to transition all 43 prisons across the province to solar energy. The Home Departme...

Read Full Article