News & Updates

News Update

14

Feb 2025

Feb 14, 2025 • 5 min read

Short-Term Inflation in Pakistan Drops Below 1% 

The Sensitive Price Index (SPI) based inflation for the week ended February 13, 2025, increased by 0.98 percent on a yea...

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News Update

14

Feb 2025

Feb 14, 2025 • 5 min read

HBL Microfinance Bank and IFC Sign $80 Million Risk Sharing Agreement

HBL Microfinance Bank (HBL MfB) has signed a US$ 80 million Risk Sharing Agreement (RSA or the facility) with the Intern...

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News Update

14

Feb 2025

Feb 14, 2025 • 5 min read

Refineries Urge OGRA to Halt Diesel, Petrol Imports

Local refineries have requested the Oil and Gas Regulatory Authority (OGRA) to postpone the import of high-speed diesel...

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News Update

14

Feb 2025

Feb 14, 2025 • 5 min read

Late Session Selling Pushes PSX into Red as KSE-100 Loses 479 Points 

The 100-Index of the Pakistan Stock Exchange (PSX) witnessed bearish trend on Friday, losing 479 points, a negative chan...

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News Update

14

Feb 2025

Feb 14, 2025 • 5 min read

Govt Fulfils Another IMF Demand By Shifting Tax Policy Powers from FBR

The federal government has stripped the Federal Board of Revenue (FBR) of its tax policy-making authority to fulfill ano...

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News Update

14

Feb 2025

Feb 14, 2025 • 5 min read

PRL to Shutdown Plant for 6 Days for Maintenance

Pakistan Refinery Limited (PSX: PRL) has decided to close its plant for maintenance starting February 15, 2025. “PRL nee...

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News Update

14

Feb 2025

Feb 14, 2025 • 5 min read

ECC Approves Pakistan’s Membership in New Development Bank Set Up by BRICS Countries

A meeting of the Economic Coordination Committee (ECC) of the Cabinet was held under the chairmanship of the Federal Min...

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News Update

14

Feb 2025

Feb 14, 2025 • 5 min read

Pakistan’s Central Govt Debt Hits Rs. 71.64 Trillion in December 2024 

The total public debt stock of the federal government increased by 10 percent on a year-on-year (YoY) basis in December...

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News Update

14

Feb 2025

Feb 14, 2025 • 5 min read

Cordoba Logistics Secures SECP Permission to Set Up NBFC 

Cordoba Logistics & Ventures Limited (PSX: CLVL) Friday announced that Securities and Exchange Commission of Pakistan (S...

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News Update

14

Feb 2025

Feb 14, 2025 • 5 min read

Hubco Partners With PSO to Set Up EV Charging Stations At Its Fuel Pumps

HUBCO Green (Private) Limited, a newly formed entity of Hub Power Holdings Limited, has entered into a collaboration agr...

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News Update

14

Feb 2025

Feb 14, 2025 • 5 min read

Rupee Ends 3-Day Losing Streak Against US Dollar to End Stressful Week

The Pakistani rupee (PKR) closed in green against the US Dollar (USD) today after opening trade at 279 in the interbank...

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News Update

14

Feb 2025

Feb 14, 2025 • 5 min read

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

HBL, in collaboration with S&P Global, announced the launch of the HBL S&P Global PMI®️ (Purchasing Managers’ Index™️) s...

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News Update

14

Feb 2025

Feb 14, 2025 • 5 min read

PPL Executes Agreements for Sui Gas Field Operations 

Pakistan Petroleum Limited (PSX: PPL) Friday announced execution of the Sui Development and Production Lease (D&PL) and...

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News Update

14

Feb 2025

Feb 14, 2025 • 5 min read

Gold’s Rally Continues as Price Hits Fresh Record High in Pakistan 

The price of gold in Pakistan continued its record-breaking rally on Friday as the price hit an all-time high of Rs. 306...

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News Update

13

Feb 2025

Feb 13, 2025 • 5 min read

SBP Reserves Decline by Over $250 Million in One Week

The foreign exchange reserves held by the State Bank of Pakistan (SBP) posted a decline of over $250 million on a weekly...

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News Update

13

Feb 2025

Feb 13, 2025 • 5 min read

Electricity Users to Get A Relief in February Bills

The National Electric Power Regulatory Authority (NEPRA) has directed power distribution companies (DISCOs) and K-Electr...

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News Update

13

Feb 2025

Feb 13, 2025 • 5 min read

Daewoo Pakistan’s Owner Submits Offer to Buy Lotte Chemical

Asia Pak Investment Company Limited and Montage Oil DMCC have submitted an offer through their manager to the offer Arif...

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News Update

13

Feb 2025

Feb 13, 2025 • 5 min read

Maryam Nawaz Launches Housing Plan for The Homeless

Punjab Chief Minister Maryam Nawaz has launched a major housing initiative to provide free three-marla plots to low-inco...

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News Update

13

Feb 2025

Feb 13, 2025 • 5 min read

FBR Issues Illegal Notices to Hundreds of Salaried Individuals

The Federal Board of Revenue (FBR) has issued illegal notices to hundreds of salaried individuals across the country.  A...

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News Update

13

Feb 2025

Feb 13, 2025 • 5 min read

Famous Banks Caught Red-Handed in Facilitating Rs. 117 Billion Over-Invoicing in Solar Panel Imports

Officials of the Federal Board of Revenue (FBR) informed the Senate Standing Sub-Committee on Finance and Revenue that c...

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News Update

13

Feb 2025

Feb 13, 2025 • 5 min read

Rupee Closes Session in Red Against US Dollar 3rd Day in a Row

The Pakistani rupee (PKR) closed in red against the US Dollar (USD) today after opening trade at 280 in the interbank ma...

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