News & Updates

News Update

11

Feb 2025

Feb 11, 2025 • 5 min read

NEPRA Unearths Serious Flaws in Sahiwal Power Plant’s Coal Purchasing Process

The National Electric Power Regulatory Authority (NEPRA) through a probing committee has identified major irregularities...

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News Update

10

Feb 2025

Feb 10, 2025 • 5 min read

Pakistan Incurs Rs. 103 Billion Loss Due to Delay in Finalizing RLNG Prices

The Auditor General of Pakistan has stated that the Oil and Gas Regulatory Authority (OGRA) has failed to discharge its...

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News Update

10

Feb 2025

Feb 10, 2025 • 5 min read

Faysal Bank Partners with Alliance Network to Enhance Digital Payments

Faysal Bank Ltd. (FBL), a leading Islamic bank in Pakistan, has joined hands to form a strategic partnership with Allian...

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News Update

10

Feb 2025

Feb 10, 2025 • 5 min read

PTA Suggests Solution to Network Problems in Karachi

The Pakistan Telecommunication Authority (PTA), in a written reply to the National Assembly Standing Committee on IT and...

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News Update

10

Feb 2025

Feb 10, 2025 • 5 min read

Al Baik to Officially Launch First Branches in Pakistan Soon: Minister

Saudi fast-food chain Albaik is opening branches in major cities across Pakistan soon, Commerce Minister Jam Kamal Khan...

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News Update

10

Feb 2025

Feb 10, 2025 • 5 min read

PM Shehbaz Abolishes Job Quota for Children of Deceased Govt Employees

Prime Minister Shehbaz Sharif has approved the abolition of the job quota for children of government employees who pass...

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News Update

10

Feb 2025

Feb 10, 2025 • 5 min read

Govt Likely to Withdraw Excise Duty on Property Transfer

The federal government is expected to withdraw the federal excise duty (FED) on the transfer of plots and commercial pro...

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News Update

10

Feb 2025

Feb 10, 2025 • 5 min read

UAE’s Gargash Group Completes Acquisition of 50.1% Stake in Trakker Middle East

TPL Trakker Limited (PSX: TPLT) has completed the transaction for the transfer of 50.1 percent equity in Trakker Middle...

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News Update

10

Feb 2025

Feb 10, 2025 • 5 min read

Biafo Industries Announces Partnership with Reko Diq Mining Company

Biafo Industries Limited (PSX: BIFO) has signed a contract for blasting services at the Reko Diq gold and copper mine. “...

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News Update

10

Feb 2025

Feb 10, 2025 • 5 min read

Gold Price Surges Further After Crossing Rs. 300,000 Per Tola Last Week 

The price of gold in Pakistan rose to a fresh all-time high on Monday after an increase of Rs. 4,000 per tola.  Accordin...

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News Update

10

Feb 2025

Feb 10, 2025 • 5 min read

Committee Formed to Review Carbon Market Policy Rules

The Ministry of Climate Change and Environmental Coordination has constituted a high-profile committee of experts to rev...

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News Update

10

Feb 2025

Feb 10, 2025 • 5 min read

Rupee Continues to Decline Against US Dollar Building on Last Week’s Losses

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

10

Feb 2025

Feb 10, 2025 • 5 min read

SECP Grants License to First Digital, Online Only Securities Broker in Pakistan

The Securities and Exchange Commission of Pakistan (SECP) has granted a license to Tamkeen Securities (Pvt) Ltd, Pakista...

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News Update

10

Feb 2025

Feb 10, 2025 • 5 min read

Bulls Make Comeback as PSX Gains Over 1,000 Points 

The 100-Index of the Pakistan Stock Exchange (PSX) witnessed bullish trend on Monday, gaining 1,055.03 points, a positiv...

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News Update

10

Feb 2025

Feb 10, 2025 • 5 min read

Remittances Sent by Overseas Pakistanis Remain Above $3 Billion in January 2025 

Remittances by overseas Pakistanis increased by 25 percent year-on-year (YoY) to $3 billion during January 2025 compared...

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News Update

10

Feb 2025

Feb 10, 2025 • 5 min read

Engro Fertilizers’ Profit Up 8% to Rs. 28.2 Billion in 2024

Engro Fertilizers Limited (PSX: EFERT) today unveiled the financial result for CY24 posting a consolidated profit after...

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News Update

10

Feb 2025

Feb 10, 2025 • 5 min read

Sugar Exports to Afghanistan Surge Over 4,300% in 7 Months

Pakistan’s sugar exports to Afghanistan have witnessed a massive 4,332 percent increase in the first seven months of the...

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News Update

10

Feb 2025

Feb 10, 2025 • 5 min read

85% of Pakistan’s B2B Transactions Still Cash-Based: Visa Report

Visa (NYSE: V), a world leader in digital payments, today released a whitepaper highlighting the advantages of digitizin...

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News Update

09

Feb 2025

Feb 09, 2025 • 5 min read

Govt Posts Highest Ever Petroleum Levy Collection for First Half of Any Fiscal Year

The federal government collected Rs. 549.41 billion in petroleum development levy (PDL) during the first half of the 202...

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News Update

09

Feb 2025

Feb 09, 2025 • 5 min read

FBR Transfers Over Half a Dozen Senior Tax Officers to Key Positions

The Federal Board of Revenue (FBR) has transferred seven grade 20 and 21 officers of the Inland Revenue Service (IRS) an...

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News Update

09

Feb 2025

Feb 09, 2025 • 5 min read

FBR Caught Sleeping As Telco Silently Issues Reduced Tax Certificates

Federal Tax Ombudsman (FTO) has unearthed a new kind of strange activity by a telecom operator involved in the issuance...

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