News & Updates

News Update

12

Feb 2025

Feb 12, 2025 • 5 min read

Gold Rate in Pakistan Falls Slightly from Record High 

The price of 24 karat per tola gold decreased by Rs. 1,600 and was sold at Rs. 301,500 on Wednesday against its sale at...

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News Update

12

Feb 2025

Feb 12, 2025 • 5 min read

Mari Energies Subsidiary Acquires 87.5% Interest in Chagai Mineral Exploration Licenses

Mari Energies Limited PSX: MARI) has announced that its wholly owned subsidiary, Mari Minerals (Private) Limited, has si...

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News Update

12

Feb 2025

Feb 12, 2025 • 5 min read

World’s Top Money Managers Eye Investments in PSX After Record Rally in 2024

Pakistani equities are attracting a new wave of interest from the world’s biggest asset managers after last year’s histo...

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News Update

12

Feb 2025

Feb 12, 2025 • 5 min read

PTCL Group Posts Revenue Growth of 17% in 2024

Pakistan Telecommunication Company Limited (PTCL) has announced its financial results for the financial year 2024 ending...

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News Update

12

Feb 2025

Feb 12, 2025 • 5 min read

PM Directs Ensuring Availability of Food Items at Affordable Prices During Ramazan

Prime Minister Muhammad Shehbaz Sharif on Wednesday emphasized that provision of the essential food items to the people...

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News Update

12

Feb 2025

Feb 12, 2025 • 5 min read

STZA Licensees to Operate Under PSW for Clearance of Imported Consignments Under Concessionary Regime 

The Federal Board of Revenue (FBR) has made it mandatory for licensees of the Special Technology Zones Authority (STZA)...

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News Update

12

Feb 2025

Feb 12, 2025 • 5 min read

Rupee Punched to a Pulp Against All Major Currencies in Today’s Session

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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News Update

12

Feb 2025

Feb 12, 2025 • 5 min read

IMF Managing Director Praises Pakistan’s Progress in Meeting with PM Shehbaz

Prime Minister Muhammad Shehbaz Sharif held a meeting with Kristalina Georgieva, Managing Director (MD) of the Internati...

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News Update

12

Feb 2025

Feb 12, 2025 • 5 min read

Finance Minister Reiterates Govt’s Commitment to Facilitate Foreign Businesses, Investments

A high-level Turkish delegation led by Atilla Yerlikaya, President of Corporate Affairs, Communications, and Sustainabil...

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News Update

12

Feb 2025

Feb 12, 2025 • 5 min read

Zarea Limited’s IPO Oversubscribed by 1.9x

Zarea Limited has become the first Initial Public Offering (IPO) of 2025 on the main board of the Pakistan Stock Exchang...

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News Update

12

Feb 2025

Feb 12, 2025 • 5 min read

PM Forms Committee to Investigate Losses to PIA Due to Fake Licenses Saga

The federal government has constituted a 7-member inquiry committee to investigate losses caused by former Federal Aviat...

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News Update

12

Feb 2025

Feb 12, 2025 • 5 min read

NAB Uncovers Rs. 3 Trillion Corruption in Fake Land Records of Karachi

Chairman National Accountability Bureau (NAB) Lt Gen (rtd) Nazir Ahmed Butt said corruption worth Rs. 3 trillion has bee...

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News Update

12

Feb 2025

Feb 12, 2025 • 5 min read

PSX Closes Flat in Range-bound Session 

The 100-Index of the Pakistan Stock Exchange (PSX) witnessed bearish trend on Wednesday, losing, 85.44 points, a negativ...

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News Update

12

Feb 2025

Feb 12, 2025 • 5 min read

SECP Bench Declares Security Papers Limited a Public Sector Company

The Appellate Bench of the Securities and Exchange Commission of Pakistan (the SECP) has dismissed three appeals filed b...

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News Update

12

Feb 2025

Feb 12, 2025 • 5 min read

FBR Announces Changes to Property Valuation Rates in Karachi

The Federal Board of Revenue (FBR) has revised criteria for calculation of values of commercial property, buildup indust...

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News Update

11

Feb 2025

Feb 11, 2025 • 5 min read

Engro Polymer Posts Rs. 161 Million Loss for 2024 Despite Profit in Q4

Engro Polymer & Chemicals Ltd (PSX: EPCL) released its 2024 financial results today, reporting a loss of Rs. 161 million...

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News Update

11

Feb 2025

Feb 11, 2025 • 5 min read

Bulls Remain in Control as PSX Gains Over 1,600 Points  

The 100-Index of the Pakistan Stock Exchange (PSX) continued with bullish trend on Tuesday, gaining 1,632.41 points, a p...

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News Update

11

Feb 2025

Feb 11, 2025 • 5 min read

IMF Issues Statement on Mission’s Ongoing Pakistan Visit 

The International Monetary Fund (IMF) Resident Representative Tuesday said that a scoping mission is visiting Pakistan o...

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News Update

11

Feb 2025

Feb 11, 2025 • 5 min read

Chairman FBR Announces Good News for Buyers Looking for Cheap New Cars

Chairman Federal Board of Revenue (FBR) Rashid Mahmood Langrial on Tuesday assured that there will be no tax increase on...

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News Update

11

Feb 2025

Feb 11, 2025 • 5 min read

IMF Rejects Pakistan’s Request to Extend Deadline on Asset Declaration by Civil Servants

The International Monetary Fund (IMF) has rejected the federal government’s request for an extension on the deadline for...

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News Update

11

Feb 2025

Feb 11, 2025 • 5 min read

Judicial Appointments, Accountability Discussed as IMF Delegation Meets CJP Afridi 

A delegation from the International Monetary Fund (IMF), led by Joel Turkewitz, met with Justice Yahya Afridi, the Chief...

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