News & Updates

News Update

19

Feb 2025

Feb 19, 2025 • 5 min read

Govt Now Planning Huge Salary Raise for Federal Cabinet Members

The federal government is now planning to raise the salaries of members of the Federal Cabinet, just over a week after t...

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News Update

19

Feb 2025

Feb 19, 2025 • 5 min read

Pakistani Legal AI Platform Creator Talks Details About Qazi AI

Qazi.ai is an upcoming AI platform built to provide legal help and guidelines to casual and professional users alike. Th...

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News Update

19

Feb 2025

Feb 19, 2025 • 5 min read

SBP Willing to Facilitate PayPal Launch in Pakistan

The Ministry of Information Technology and Telecommunication (MoIT&T) is leading discussions with PayPal to facilitate i...

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News Update

19

Feb 2025

Feb 19, 2025 • 5 min read

Pakistan Borrowed 27% Fewer Loans in 7 Months of FY25 Than Last Year

Pakistan borrowed $4.585 billion from multiple financing sources during the first seven months (July-January) of the cur...

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News Update

19

Feb 2025

Feb 19, 2025 • 5 min read

Govt to Make Petrol Affordable by Deregulating Petroleum Sector

Federal Minister for Petroleum Musadik Malik said Pakistan’s oil sector will be partially deregulated. He said a price c...

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News Update

19

Feb 2025

Feb 19, 2025 • 5 min read

CCP Approves Acquisition of Engro Eximp Agriproducts by MAP Rice Mills 

The Competition Commission of Pakistan (CCP) has approved the acquisition of Engro Eximp Agriproducts (Private) Limited...

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News Update

19

Feb 2025

Feb 19, 2025 • 5 min read

Gold Rate in Pakistan Surges to Record High After Big Increase 

The price of 24 karat per tola gold increased by Rs. 3,800 and was sold at an all-time high at Rs. 308,000 on Wednesday...

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News Update

19

Feb 2025

Feb 19, 2025 • 5 min read

SECP Unveils Promoters Guides in Eleven Languages 

The Securities and Exchange Commission of Pakistan (SECP) has unveiled Promoters Guides in eleven languages including ei...

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News Update

19

Feb 2025

Feb 19, 2025 • 5 min read

Govt Collects Rs. 72 Billion Corporate Tax From Banks After Rate Hike

Chairman Federal Board of Revenue (FBR) Rashid Mahmood Langrial on Wednesday said an amount of Rs. 72 billion had been c...

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News Update

19

Feb 2025

Feb 19, 2025 • 5 min read

South Korea-Based Shareholder Approves Sale of 75% Stake in Lotte Chemical Pakistan

The Board of Directors of the Lotte Chemical Corporation South Korea (LCC Korea), the majority (75.01 percent) sharehold...

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News Update

19

Feb 2025

Feb 19, 2025 • 5 min read

600 Trucks Stranded at Pak-Iran Border for 8 Months

The Senate Standing Committee on Finance and Revenue on Wednesday raised concerns regarding 600 trucks stuck at the Paki...

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News Update

19

Feb 2025

Feb 19, 2025 • 5 min read

PSX Extends Buying Rally Driven by Robust Corporate Earnings 

The 100-Index of the Pakistan Stock Exchange (PSX) continued with bullish trend on Wednesday, gaining 253.96 points, a p...

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News Update

19

Feb 2025

Feb 19, 2025 • 5 min read

Aurangzeb Highlights Govt’s Focus on Fiscal Discipline in Meeting with World Bank Delegation 

A delegation of World Bank Executive Directors called on the Federal Minister for Finance Senator Muhammad Aurangzeb at...

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News Update

19

Feb 2025

Feb 19, 2025 • 5 min read

Millat Tractors’ Profit Declines By 31% in First Half of FY25

Millat Tractors Limited (PSX: MTL) announced its 1HFY25 financial results wherein it posted a profit after tax of Rs. 3....

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News Update

19

Feb 2025

Feb 19, 2025 • 5 min read

Govt Raises Rs. 259 Billion Via T-Bills, Cut-Off Yields Rise Slightly 

The cut-off yields on Treasury Bills (T-Bills) went up by up to 17 basis points (bps) in the auction of the paper held o...

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News Update

19

Feb 2025

Feb 19, 2025 • 5 min read

UBL and Digitt+ Partner to Facilitate Digital Payments in Agriculture Sector for Over 1 Billion Rupees

Digitt+, a leading fintech company, has partnered with UBL, one of Pakistan’s largest banks, to enable seamless digital...

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News Update

19

Feb 2025

Feb 19, 2025 • 5 min read

Pakistani Rupee Declines 3rd Consecutive Day Against US Dollar

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

18

Feb 2025

Feb 18, 2025 • 5 min read

Pakistan’s Towel Industry Seeks Transparent Tax Guidelines, Competitive Tax Policy 

Federal Minister for Finance Muhammad Aurangzeb, chaired a meeting of the committee constituted by the Prime Minister to...

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News Update

18

Feb 2025

Feb 18, 2025 • 5 min read

Agritech Limited Halts Urea Production

Agritech Limited (PSX: AGL) has stopped production at its urea plant as of February 17, 2025. “The urea plant operations...

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News Update

18

Feb 2025

Feb 18, 2025 • 5 min read

Finance Minister Says These 3 Sectors Will Play Huge Role in Boosting Exports to $60 Billion

Finance Minister Muhammad Aurangzeb said mining, agriculture and IT services will play a big role in expanding trade and...

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News Update

18

Feb 2025

Feb 18, 2025 • 5 min read

FBR Increases Customs Value on Import of Desiccated Coconut

Directorate General of Customs Valuation Karachi has fixed new customs values ($1 per kg to $1.6 per kg) on the import o...

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