News & Updates

News Update

09

Feb 2025

Feb 09, 2025 • 5 min read

Science Ministry Defies Rightsizing Plan to Hire New Department Chief With Huge Salary

The Ministry of Science and Technology has decided to appoint a new head for the National Institute of Oceanography (NIO...

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News Update

09

Feb 2025

Feb 09, 2025 • 5 min read

IMF to Meet Judiciary to Discuss Its Independence and Appointment Process

The Ministry of Finance on Sunday announced that an International Monetary Fund (IMF) scoping mission is visiting Pakist...

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News Update

09

Feb 2025

Feb 09, 2025 • 5 min read

Govt Likely to Put More Tax Burden on Salaried Class Once Again

The federal government is expected to impose additional tax burdens on the salaried class as total tax collection from t...

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News Update

09

Feb 2025

Feb 09, 2025 • 5 min read

Pakistani IT Companies to Form Consortiums to Enter Saudi Export Market

Pakistan’s IT companies are aggressively planning to tap export potential in the Kingdom of Saudi Arabia’s IT and IT-ena...

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News Update

09

Feb 2025

Feb 09, 2025 • 5 min read

Pakistan Posts Fiscal Deficit of Rs. 1.54 Trillion in First Half of FY25

Pakistan has recorded a fiscal deficit of 1.2 percent of GDP or Rs. 1,538 billion during the first six months of the cur...

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News Update

08

Feb 2025

Feb 08, 2025 • 5 min read

Barkat Frisian’s IPO to Fetch Up to Rs. 1.23 Billion

Barkat Frisian Agro Limited, a joint venture of Frisian Egg Group of Netherlands and Pakistan’s Buksh Group, is all set...

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News Update

07

Feb 2025

Feb 07, 2025 • 5 min read

Pakistan to Renegotiate LNG Deal With Qatar

Pakistan will renegotiate its 10-year liquefied natural gas (LNG) agreement with Qatar next year for more favorable term...

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News Update

07

Feb 2025

Feb 07, 2025 • 5 min read

Sugar Prices Increase Again at Utility Stores

The price of sugar at Utility Stores has again been increased by Rs. 5 per kg to Rs. 150 per kg, sources informed ProPak...

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News Update

07

Feb 2025

Feb 07, 2025 • 5 min read

Meeting on Housing Sector Reforms Postponed After PM’s Absence

The high-level meeting to be chaired by Prime Minister Shehbaz Sharif for the development of the housing industry has be...

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News Update

07

Feb 2025

Feb 07, 2025 • 5 min read

Meeting on Housing Sector Reforms Postponed for Second Time in Two Days 

The high-level meeting to be chaired by Prime Minister Shehbaz Sharif for the development of the housing industry was po...

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News Update

07

Feb 2025

Feb 07, 2025 • 5 min read

SECP Mandates Book-Entry Shares for Newly Incorporated Unlisted Companies 

The Securities and Exchange Commission of Pakistan (SECP) has decided to introduce mandatory requirement for new unliste...

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News Update

07

Feb 2025

Feb 07, 2025 • 5 min read

Crescent Star Insurance Denies Allegations of Collusive Takeover

Crescent Star Insurance Limited (PSX: CSIL) has clarified that its recent disclosure of a 14.7 percent investment in Tri...

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News Update

07

Feb 2025

Feb 07, 2025 • 5 min read

Gold Price Crosses Rs. 300,000 Per Tola for First Time in History

The price of 24 karat per tola gold increased by Rs. 1,346 and was sold at Rs. 300,046 on Friday against its sale at Rs....

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News Update

07

Feb 2025

Feb 07, 2025 • 5 min read

Pakistan’s Public Debt Exceeds Sustainable Limit

Pakistan’s public debt remained above the sustainable limit in the last fiscal year due to big interest payments that ne...

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News Update

07

Feb 2025

Feb 07, 2025 • 5 min read

USF to Lay 2000km Optical Fiber Cable Across Pakistan

The Universal Service Fund (USF) has informed the National Assembly Standing Committee on Information Technology and Tel...

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News Update

07

Feb 2025

Feb 07, 2025 • 5 min read

Pakistan’s Local Assembling Plants Produce 31.4 Million Mobile Phones in 2024

Local mobile companies in Pakistan manufactured/assembled 2.95 million units in December 2024, up 28 percent on a month-...

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News Update

07

Feb 2025

Feb 07, 2025 • 5 min read

Pakistan’s Progress on Structural Reform Remains Key to Credit Profile: Fitch Ratings

Pakistan has continued to make headway in restoring economic stability and rebuilding external buffers, according to Fit...

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News Update

07

Feb 2025

Feb 07, 2025 • 5 min read

CCP Approves Shares Acquisition of GH2 Industries by Descon Holding and Aurelius 

The Competition Commission of Pakistan (CCP) has approved the acquisition of 50 percent shareholding in GH2 Industries (...

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News Update

07

Feb 2025

Feb 07, 2025 • 5 min read

SECP, SBP Working on Opening Corporate Bank Accounts Under Same-Day Account Opening Initiative

The Securities and Exchange Commission of Pakistan (SECP) and the State Bank of Pakistan (SBP) are jointly working on a...

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News Update

07

Feb 2025

Feb 07, 2025 • 5 min read

Rupee Closes Below 279 Against US Dollar 2nd Day in a Row After Small Increase

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

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News Update

07

Feb 2025

Feb 07, 2025 • 5 min read

SECP Warns Public Against Investing in Fraudulent Real Estate Schemes 

The Securities and Exchange Commission of Pakistan (SECP) has issued a statement regarding complaints being received fro...

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