News & Updates

News Update

24

Feb 2025

Feb 24, 2025 • 5 min read

Bridging the Gap: Recalibrating Credit Models to Serve Pakistan’s SMEs and Consumers

In Pakistan, a country of over 220 million people, access to formal credit remains a persistent hurdle. Small businesses...

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News Update

24

Feb 2025

Feb 24, 2025 • 5 min read

Rupee Falls 2nd Day in a Row Against US Dollar As Open Market Rate Hits 282

The Pakistani rupee (PKR) closed in red against the US Dollar (USD) 2nd day in a row today after opening trade at 280 in...

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News Update

24

Feb 2025

Feb 24, 2025 • 5 min read

Commerce Ministry Utilized Just 10% Development Funds This Fiscal Year

The Commerce Ministry has utilized just 10 percent of the funds allocated to it under the Public Sector Development Prog...

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News Update

24

Feb 2025

Feb 24, 2025 • 5 min read

CCP Announces Rewards Worth Millions for Anyone Who Exposes Cartels

The artificial increase in the price of goods and services in Pakistan, and the lack of quality goods, are largely the r...

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News Update

24

Feb 2025

Feb 24, 2025 • 5 min read

Pakistan’s 5G Auction at Risk Due to This Reason

The delay in approving the Mobile Virtual Network Operators (MVNO) framework could result in significant revenue losses...

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News Update

24

Feb 2025

Feb 24, 2025 • 5 min read

SBP Issues License to Wemsol Private Limited to Commence Commercial Operations as EMI 

The SBP has given license to Wemsol Private Limited to commence commercial operations as an Electronic Money Institution...

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News Update

24

Feb 2025

Feb 24, 2025 • 5 min read

IMF Team Satisfied With Pakistan’s Climate Measures At Federal Level

The International Monetary Fund’s (IMF) technical mission has directed provinces to implement federal climate policies a...

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News Update

24

Feb 2025

Feb 24, 2025 • 5 min read

PRL Resumes Refinery Operations After Brief Hiatus

Pakistan Refinery Limited (PSX: PRL) has resumed operations after a brief hiatus, the company informed the main bourse o...

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News Update

24

Feb 2025

Feb 24, 2025 • 5 min read

Power Companies to Charge Sales Tax Without Considering Net Metering

The Federal Tax Ombudsman (FTO) has discovered a huge revenue loss of Rs. 9.4 billion and passed an order to the Federal...

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News Update

24

Feb 2025

Feb 24, 2025 • 5 min read

Govt Trying to Get Huge Bank Loan to Pay Off Circular Debt

The federal government is trying to negotiate with banks for a Rs. 1.24 trillion loan agreement to reduce the Rs. 2.381...

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News Update

24

Feb 2025

Feb 24, 2025 • 5 min read

$60 Million Undersea Cable Big Achievement for Pakistan: WISPAP

The Wireless and Internet Service Providers Association of Pakistan (WISPAP) on Saturday said Pakistan has achieved a ma...

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News Update

24

Feb 2025

Feb 24, 2025 • 5 min read

Pakistan and IMF to Start Negotiations for $1.5 Billion Climate Financing Today

A mission from the International Monetary Fund (IMF) will begin negotiations for the release of $1-1.5 billion in climat...

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News Update

24

Feb 2025

Feb 24, 2025 • 5 min read

National Assembly to Decide on Minimum Wage Law Implementation

The National Assembly Speaker will now determine the course of action on the non-implementation of the minimum wage law...

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News Update

24

Feb 2025

Feb 24, 2025 • 5 min read

Finance Minister Asks State Bank to Consider Cryptocurrency Regulations in Pakistan

Finance Minister Muhammad Aurangzeb on Monday called on the State Bank of Pakistan (SBP) and other concerned regulators...

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News Update

24

Feb 2025

Feb 24, 2025 • 5 min read

Pakistan’s Dollar Bonds Yield Hits 3-Year Low 

The yield on Pakistan’s Dollar Bonds has dropped significantly from over 50 percent to close to 9 percent, marking a 3-y...

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News Update

24

Feb 2025

Feb 24, 2025 • 5 min read

PSX Enhances Maximum Order Limits in Trading System 

The Pakistan Stock Exchange (PSX) has announced an increase in the Maximum Order Value limits for trading, effective fro...

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News Update

23

Feb 2025

Feb 23, 2025 • 5 min read

International Investors Beg Pakistan Not to Renegotiate Contracts With Solar and Wind IPPs

International investors have demanded the federal government to avoid renegotiating power purchase agreements (PPAs) wit...

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News Update

23

Feb 2025

Feb 23, 2025 • 5 min read

Govt Likely to Impose Carbon Levy in Budget 2025-26

The federal government is in a rush to come up with newer tax regimes and has decided to seek permission from the Intern...

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News Update

23

Feb 2025

Feb 23, 2025 • 5 min read

Sugar Prices Skyrocket As Ramazan Approaches

The federal government has failed to curb rising sugar prices as Ramazan fast approaches. Sugar rates have spiked to Rs....

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News Update

23

Feb 2025

Feb 23, 2025 • 5 min read

SBP Rolls Out Raast Participation Criteria to Expand Digital Payments Network

The State Bank of Pakistan (SBP) has issued Raast Participation Criteria outlining minimum requirements for the entities...

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News Update

23

Feb 2025

Feb 23, 2025 • 5 min read

CCP Approves Nishat Hotels’ Acquisition of Hotel Margala in Islamabad

The Competition Commission of Pakistan (CCP) has approved the acquisition of assets of M/s Hotel Margala Private Limited...

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