News & Updates

News Update

25

Feb 2025

Feb 25, 2025 • 5 min read

Bangladesh Resumes Direct Trade With Pakistan After 50 Years

Bangladesh has restarted direct trade with Pakistan for the first time in history with the arrival of a 50,000-ton rice...

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News Update

25

Feb 2025

Feb 25, 2025 • 5 min read

Mari Energies Ltd Discovers More Gas in Khyber Pakhtunkhwa

Mari Energies Limited (PSX: MARI) has made a gas/condensate discovery at the Spinwam-1, exploration well, drilled in the...

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News Update

25

Feb 2025

Feb 25, 2025 • 5 min read

Gold Rate in Pakistan Falls Slightly After Record-Breaking Run 

The price of 24 karat per tola gold decreased by Rs. 800 and was sold at Rs. 308,700 on Tuesday against its sale at Rs....

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News Update

25

Feb 2025

Feb 25, 2025 • 5 min read

Fauji Cement Posts 38% Profit Growth in First Half of FY25

Fauji Cement Company Limited (PSX: FCCL) has announced its financial results for the half year ended on December 31, 202...

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News Update

25

Feb 2025

Feb 25, 2025 • 5 min read

SBP Governor Urges Banks to Rethink Current Business Model, Reassess Priorities 

State Bank of Pakistan (SBP) Governor Jameel Ahmad Tuesday reiterated the need to significantly increase financial deepe...

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News Update

25

Feb 2025

Feb 25, 2025 • 5 min read

Rupee Ends Session With Losses Against US Dollar 3rd Day in a Row

The Pakistani rupee (PKR) closed in red against the US Dollar (USD) 3rd day in a row today after opening trade at 280 in...

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News Update

25

Feb 2025

Feb 25, 2025 • 5 min read

Govt to Invite Bids for PIA Sale in March 2025

The government is expected to invite expressions of interest (EoIs) for the privatization of Pakistan International Airl...

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News Update

25

Feb 2025

Feb 25, 2025 • 5 min read

IT Ministry Demands More Development Funds Next Fiscal Year

The Ministry of Information Technology and Telecommunication has demanded a high budget despite a significant lapse in f...

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News Update

25

Feb 2025

Feb 25, 2025 • 5 min read

Govt is Reducing Electricity Price in 2 Months

The federal government is working to reduce electricity prices by Rs. 6-8 per unit within the next two months. Rising el...

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News Update

25

Feb 2025

Feb 25, 2025 • 5 min read

IPAK Group Posts Rs. 567 Million Profit in First Half of FY25

International Packaging Films Limited (IPAK) Group has posted a consolidated profit before tax of Rs. 464.67 million for...

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News Update

25

Feb 2025

Feb 25, 2025 • 5 min read

Sazgar’s Profit Grows by Nearly 370% in 1HFY25

Sazgar Engineering Works Limited (PSX: SAZEW) posted a profit after tax of Rs. 6.6 billion for July-December FY25, up 36...

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News Update

25

Feb 2025

Feb 25, 2025 • 5 min read

Govt Threatens IPPs With Forensic Audit for Refusing to Renegotiate Power Contracts

The federal government has warned independent power producers (IPPs) including wind power plants that those refusing to...

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News Update

25

Feb 2025

Feb 25, 2025 • 5 min read

Electricity Distribution Companies Fail to Recover Rs. 877 Billion from Bill Defaulters

The Public Accounts Committee (PAC) has revealed that electricity distribution companies (DISCOs) have failed to recover...

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News Update

24

Feb 2025

Feb 24, 2025 • 5 min read

Gold Price in Pakistan Sets Another Record as Unstoppable Run Continues 

The price of 24 karat per tola gold increased by Rs. 1,500 and was sold at Rs. 309,500 on Monday against its sale at Rs...

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News Update

24

Feb 2025

Feb 24, 2025 • 5 min read

Pakistan, Azerbaijan Likely to Formalize $2 Billion Investment Projects Soon 

President of Azerbaijan Ilham Aliyev on Monday expressed his willingness to visit Islamabad this April to formalize agre...

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News Update

24

Feb 2025

Feb 24, 2025 • 5 min read

Powering Tomorrow: SOLAR PAKISTAN 2025 Illuminates the Path to Sustainable Energy

The highly anticipated SOLAR PAKISTAN 2025, hailed as the largest solar energy exhibition in the region, successfully co...

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News Update

24

Feb 2025

Feb 24, 2025 • 5 min read

PTA Starts Issuing Licenses to VPN Companies

The Pakistan Telecommunication Authority (PTA) has initiated the licensing of Virtual Private Network (VPN) service prov...

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News Update

24

Feb 2025

Feb 24, 2025 • 5 min read

PSO, Azerbaijan’s SOCAR to Set Up Joint Trading Company in Singapore

Pakistan State Oil (PSO) and the State Oil Company of Azerbaijan Republic (SOCAR) have signed a Memorandum of Understand...

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News Update

24

Feb 2025

Feb 24, 2025 • 5 min read

Al Shaheer Corporation Approves Appointment of CEO

The Board of Directors of Al Shaheer Corporation Limited (PSX: ASC) has approved the appointment of Ghulam Farooq as chi...

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News Update

24

Feb 2025

Feb 24, 2025 • 5 min read

Dealers Threaten Strike if Govt Proceeds With Deregulating Petroleum Prices

The All Pakistan Petroleum Dealers Association (APPDA) has threatened a nationwide strike against the government’s plan...

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News Update

24

Feb 2025

Feb 24, 2025 • 5 min read

Bulls Return as KSE-100 Gains Over 1,500 Points 

The 100-Index of the Pakistan Stock Exchange (PSX) witnessed bullish trend on Monday, gaining, 1,529.17 points, a positi...

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