News & Updates

News Update

27

Feb 2025

Feb 27, 2025 • 5 min read

FBR Increases Customs Values on Import of Peanut Butter 

Directorate General of Customs Valuation Karachi has increased customs values on the import of Peanut Butter from all or...

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News Update

27

Feb 2025

Feb 27, 2025 • 5 min read

Brokerage House Sees Further Cut in Policy Rate 

The State Bank of Pakistan (SBP) is expected to extend its rate-cutting cycle with another 50bps reduction in the upcomi...

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News Update

27

Feb 2025

Feb 27, 2025 • 5 min read

Gold Price in Pakistan Drops for Third Time in Three Days  

The price of 24 karat per tola gold decreased by Rs. 3,000 and was sold at Rs. 303,300 on Thursday against its sale at R...

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News Update

27

Feb 2025

Feb 27, 2025 • 5 min read

Pakistan’s First-Ever Cashback Platform Savyour Shuts Down

Pakistan’s first cashback rewards platform Savyour has announced it will cease operations by March 20, 2025. Users have...

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News Update

27

Feb 2025

Feb 27, 2025 • 5 min read

Govt Puts Over 50,000 Citizens on No Fly List

The Government of Pakistan has placed over 50,000 individuals involved in criminal activities, including human trafficke...

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News Update

27

Feb 2025

Feb 27, 2025 • 5 min read

PSX Remains Flat in Absence of Market-Moving Triggers 

The 100-Index of the Pakistan Stock Exchange (PSX) loses 78.02 points on Thursday, a negative change of 0.07 percent, cl...

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News Update

27

Feb 2025

Feb 27, 2025 • 5 min read

Pakistan Minerals Investment Forum 2025 to be Held in April in Islamabad

Oil and Gas Development Company Limited (OGDCL), Pakistan’s leading exploration and production (E&P) company, in collabo...

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News Update

26

Feb 2025

Feb 26, 2025 • 5 min read

Govt Reduces Profit Rates on National Savings Schemes

The federal government has revised downwards the rates of profit on National Savings Schemes with effect from January 31...

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News Update

26

Feb 2025

Feb 26, 2025 • 5 min read

Govt to Consider Forming National Crypto Council to Regulate Digital Assets

The federal government will consider setting up a National Crypto Council to oversee digital assets and blockchain, Fede...

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News Update

26

Feb 2025

Feb 26, 2025 • 5 min read

Rupee Suddenly Ends Its 3-Day Losing Streak Against US Dollar

The Pakistani rupee (PKR) closed in green against the US Dollar (USD)reversing its 3-day losing streak today after openi...

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News Update

26

Feb 2025

Feb 26, 2025 • 5 min read

No External Pressure on IPPs During Negotiations: Secretary Power  

Power Secretary Fakhar Alam Irfan disclosed before the National Assembly Standing Committee on Power that violations of...

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News Update

26

Feb 2025

Feb 26, 2025 • 5 min read

Gold Price Falls for Second Straight Day But Remains Strong Over Rs. 305,000 Per Tola 

The price of 24 karat per tola gold decreased by Rs. 2,400 and was sold at Rs. 306,300 on Wednesday against its sale at...

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News Update

26

Feb 2025

Feb 26, 2025 • 5 min read

CDA Earned Rs. 15 Billion on First Day of Plot Auction

The Capital Development Authority (CDA) witnessed strong investor interest on the first day of its four-day auction, sec...

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News Update

26

Feb 2025

Feb 26, 2025 • 5 min read

FBR Establishes Examination Unit to Track Corruption by Customs Officers

The Federal Board of Revenue (FBR) has launched a Centralized Customs Examination system to combat corruption among cust...

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News Update

26

Feb 2025

Feb 26, 2025 • 5 min read

Banks to Remain Closed at the Start of Ramazan

The State Bank of Pakistan will remain closed for public dealing on 1st working day of Ramadan-ul-Mubarak, 1446 A.H., wh...

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News Update

26

Feb 2025

Feb 26, 2025 • 5 min read

Keenu Secures EMI Commercial License, Set to Launch Merchant Wallets

Keenu, a leading Fintech of Pakistan, has received the approval from the State Bank of Pakistan to commence commercial o...

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News Update

26

Feb 2025

Feb 26, 2025 • 5 min read

Govt to Increase Federal Cabinet Size With 4 New Ministers

The government has decided to increase the size of the federal cabinet by adding four new ministers. Hanif Abbasi and Dr...

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News Update

26

Feb 2025

Feb 26, 2025 • 5 min read

Govt May Limit Electricity Subsidy to BISP Beneficiaries Only 

The Senate Standing Committee on Finance was informed on Thursday by officials of the Ministry of Finance that a proposa...

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News Update

26

Feb 2025

Feb 26, 2025 • 5 min read

Clover Pakistan Ltd Shifts Core Business From Food to Petroleum Products

Clover Pakistan Limited (PSX: CLOV) has officially shifted its core business from food products to petroleum products, t...

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News Update

26

Feb 2025

Feb 26, 2025 • 5 min read

HBL and S&P Global Launch the Pakistan Manufacturing Purchasing Managers’ Index (PMI) to Enhance Economic Insights

In a groundbreaking initiative, HBL, in collaboration with S&P Global, has launched the HBL S&P Global PMI® (Purchasing...

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News Update

26

Feb 2025

Feb 26, 2025 • 5 min read

Pakistan Makes Huge Impact At Web Summit Qatar 2025

Representing Pakistan’s IT Industry, Umair Nizam, Senior Vice Chairman of P@SHA, has apprised that Pakistan made a power...

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