News & Updates

News Update

20

Feb 2025

Feb 20, 2025 • 5 min read

Aurangzeb Engages with Pakistan Dairy Association, Challenges and Policy Measures Discussed 

Federal Minister for Finance Senator Muhammad Aurangzeb chaired a meeting with representatives of the Pakistan Dairy Ass...

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News Update

20

Feb 2025

Feb 20, 2025 • 5 min read

HBL Posts Rs. 57.8 Billion Profit in 2024

Habib Bank Limited (PSX: HBL) today declared a record profit before tax of Rs. 120.3 billion for the year ended December...

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News Update

20

Feb 2025

Feb 20, 2025 • 5 min read

Pakistani Rupee is Overvalued: Economic Advisory Council

The Economic Advisory Council (EAC) has urged Prime Minister Shehbaz Sharif to maintain export competitiveness by helpin...

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News Update

20

Feb 2025

Feb 20, 2025 • 5 min read

Bank of Khyber Preparing to Convert Into Full-Fledged Islamic Bank

The management of The Bank of Khyber (PSX: BOK) is preparing to convert from being a conventional bank into a full-fledg...

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News Update

20

Feb 2025

Feb 20, 2025 • 5 min read

SECP Directs Insurance Firms to Establish Actuarial Function for Risk Assessment

The Securities and Exchange Commission of Pakistan (SECP) has directed all insurance companies to establish an actuarial...

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News Update

20

Feb 2025

Feb 20, 2025 • 5 min read

Finance Ministry Revises Rules for Packing and Dispatch of Remittances by Banks

The Ministry of Finance has amended the Federal Treasury Rules, revising procedures for the packing and dispatch of remi...

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News Update

20

Feb 2025

Feb 20, 2025 • 5 min read

Gold Price Maintains Record Run, Hits Fresh All-Time High in Pakistan 

The price of gold in Pakistan kept its record-breaking run going on Thursday as it climbed to a fresh all-time high.  Th...

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News Update

20

Feb 2025

Feb 20, 2025 • 5 min read

IMF Mission Arriving in Pakistan Next Week to Discuss $1.5 Billion Climate Financing

Finance Minister Muhammad Aurangzeb on Thursday confirmed that a mission from the International Monetary Fund (IMF) will...

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News Update

20

Feb 2025

Feb 20, 2025 • 5 min read

Pakistan’s Large-Scale Manufacturing Sector Shrinks 1.87% in First Half of FY25 

The Overall Large-Scale Manufacturing (LSM) sector has shown a growth of -1.87 percent during the first six months (July...

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News Update

20

Feb 2025

Feb 20, 2025 • 5 min read

Official Fitrana and Fidya Rates Announced for Ramadan 2025

Dr. Raghib Hussain Naeemi, Chairman of the Islamic Ideological Council, has outlined the official guidelines for this ye...

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News Update

20

Feb 2025

Feb 20, 2025 • 5 min read

Daewoo Pakistan Owner Enters Into Share Purchase Agreement to Acquire Lotte Chemical

Lotte Chemical Pakistan Limited (PSX: LOTCHEM) on Thursday announced that the Board of Directors of the Lotte Chemical C...

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News Update

20

Feb 2025

Feb 20, 2025 • 5 min read

SBP Reserves Post Slight Increase After $250 Million Decline Last Week

The foreign exchange reserves held by the State Bank of Pakistan (SBP) rose by $35 million on a weekly basis according t...

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News Update

19

Feb 2025

Feb 19, 2025 • 5 min read

200 Smugglers Still Illegally Importing Petrol, Diesel Via Pak-Iran Border

Oil smuggling across the Pakistan-Iran border still remains a pressing issue despite past crackdowns. The Senate Standin...

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News Update

19

Feb 2025

Feb 19, 2025 • 5 min read

Digital Currency Regulation on The Cards as Govt Begins Consultations

Prime Minister Muhammad Shehbaz Sharif on Wednesday chaired an important meeting of the Economic Advisory Council, where...

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News Update

19

Feb 2025

Feb 19, 2025 • 5 min read

Public Accounts Committee Orders Govt to Stop Covering Court Expenses With Gas Development Cess

The Public Accounts Committee (PAC) on Tuesday ordered the federal government to stop using Gas Infrastructure Developme...

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News Update

19

Feb 2025

Feb 19, 2025 • 5 min read

UBL Was The 2nd Most Profitable After Meezan Bank in 2024

United Bank Limited (UBL) Wednesday announced a consolidated profit after (PAT) tax of Rs. 75.78 billion for the calenda...

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News Update

19

Feb 2025

Feb 19, 2025 • 5 min read

Trade Bodies Reject Amendment in Section 11 of Trade Organizations Act 

Federation of Pakistan Chambers of Commerce & Industry (FPCCI) Atif Ikram Sheikh Wednesday urged the government to maint...

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News Update

19

Feb 2025

Feb 19, 2025 • 5 min read

Bank Loans for Buying Cars Down 2% in January 2025

Car financing decreased by Rs. 4 billion or 2 percent year-on-year (YoY) by the end of January 2025 to Rs. 242 billion c...

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News Update

19

Feb 2025

Feb 19, 2025 • 5 min read

Planning Ministry Seeks Rs. 30 Billion for Ongoing Projects in FY26

The Planning Ministry has requested over Rs. 30 billion for ongoing projects in the next financial year, including Rs. 1...

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News Update

19

Feb 2025

Feb 19, 2025 • 5 min read

Govt Looking to Regulate Digital Currencies in Pakistan

Prime Minister Muhammad Shehbaz Sharif on Wednesday chaired an important meeting of the Economic Advisory Council, where...

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News Update

19

Feb 2025

Feb 19, 2025 • 5 min read

PM Shehbaz Eager to Work With US President Donald Trump

Prime Minister Shehbaz Sharif expressed his desire to work with US President Donald Trump. He said this during a meeting...

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