News & Updates

News Update

05

Feb 2025

Feb 05, 2025 • 5 min read

PM Orders Revival of Faster Immigration, Customs Services for Overseas Pakistanis

Prime Minister Shehbaz Sharif has ordered the Ministry of Overseas Pakistanis and Human Resource Development to revive t...

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News Update

05

Feb 2025

Feb 05, 2025 • 5 min read

Donald Trump’s Trade War With China May Shift Export Orders to Pakistan: Report

Given the trade wars and tariffs imposed on China by the USA, export orders are expected to be redirected toward competi...

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News Update

05

Feb 2025

Feb 05, 2025 • 5 min read

IT Ministry Seeks Rs. 43.6 Billion Development Budget for Next Fiscal Year

The Ministry of IT & Telecom has drafted initial proposals for its federal Public Sector Development Program (PSDP) budg...

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News Update

05

Feb 2025

Feb 05, 2025 • 5 min read

Pakistan Unlikely to Meet $60 Billion Export Target: PBC

Pakistan is unlikely to achieve the coalition government’s 3-year $60 billion export target due to recently doubled gas...

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News Update

05

Feb 2025

Feb 05, 2025 • 5 min read

Govt Raises Rs. 452 Billion Via T-Bills

The cut-off yields on Treasury Bills (T-Bills) settled higher by up to 21 basis points (bps) in the auction of the paper...

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News Update

05

Feb 2025

Feb 05, 2025 • 5 min read

Public Accounts Committee Resolved Only 12% of 41,700 Audit Objections in 14 Years

The Public Accounts Committee (PAC) of the National Assembly reviewed 41,700 audit objections over the past 14 years but...

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News Update

04

Feb 2025

Feb 04, 2025 • 5 min read

Local Cement Sales Increase by 14% in January 2025

Local cement despatches by the industry during January 2025 were 3.895 million tons compared to 3.414 million tons in Ja...

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News Update

04

Feb 2025

Feb 04, 2025 • 5 min read

PM Orders Ramazan Package Without Utility Stores to Prevent Corruption 

Prime Minister Shehbaz Sharif on Tuesday said that the government would unveil the Ramazan Relief Package this year sans...

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News Update

04

Feb 2025

Feb 04, 2025 • 5 min read

Govt to Issue EOI for PIA Privatization This Month

The federal government is set to issue an Expression of Interest (EOI) for Pakistan International Airlines (PIA) this mo...

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News Update

04

Feb 2025

Feb 04, 2025 • 5 min read

SECP Issues Guidelines for Easing Name Reservation Requirements for Companies 

In order to further simplify the name reservation process, SECP has issued name reservation Guidelines that will replace...

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News Update

04

Feb 2025

Feb 04, 2025 • 5 min read

Allied Bank Posts Rs. 44.4 Billion Profit for 2024

Allied Bank Limited (PSX: ABL) announced a profit-after-tax of Rs. 44.4 billion (PAT) for the calendar year 2024, depict...

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News Update

04

Feb 2025

Feb 04, 2025 • 5 min read

Rupee Recovers Against US Dollar After Bad Start to New 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

04

Feb 2025

Feb 04, 2025 • 5 min read

Banks to Remain Closed Tomorrow

The State Bank of Pakistan (SBP) announced that it will remain closed on Weednesday, 5 February 2025, on account of Kash...

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News Update

04

Feb 2025

Feb 04, 2025 • 5 min read

SBP Seeks Public Consultation on Pakistan Green Taxonomy 

As part of its efforts to promote green finance, the State Bank of Pakistan (SBP) rolled out the draft National Green Ta...

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News Update

04

Feb 2025

Feb 04, 2025 • 5 min read

Govt Reveals Starlink Launch Date for Pakistan

The National Assembly Standing Committee on IT & Telecom was informed on Tuesday that Elon Musk’s Starlink will launch i...

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News Update

04

Feb 2025

Feb 04, 2025 • 5 min read

Gold Hits Almost Rs. 300,000 Per Tola as Record Run Continues

The price of 24 karat per tola gold increased by Rs. 1,900 and was sold at Rs. 294,300 on Tuesday against its sale at Rs...

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News Update

04

Feb 2025

Feb 04, 2025 • 5 min read

FBR Grants Tax Relief on Vehicle Imports to Boost Gwadar Port Operations

The Federal Board of Revenue (FBR) has allowed an exemption of duties and taxes on the import of vehicles by China Overs...

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News Update

04

Feb 2025

Feb 04, 2025 • 5 min read

Did the US Dollar Suddenly Drop to Rs. 140 Against Pakistani Rupee?

Google Finance currently shows that the mighty US Dollar on Monday lost Rs. 138 against the Pakistani Rupee (PKR) which...

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News Update

04

Feb 2025

Feb 04, 2025 • 5 min read

LHC Sanctions Scheme of Arrangement for Merger of MEL into MTL

Millat Tractors Limited (PSX: MTL) Tuesday announced that Lahore High Court (LHC) has sanctioned the Scheme of Arrangeme...

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News Update

04

Feb 2025

Feb 04, 2025 • 5 min read

PSX Stays Red, Sheds Over 800 Points  

The 100-Index of the Pakistan Stock Exchange (PSX) witnessed bearish trend on Tuesday, losing, 809.63 points, a negative...

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News Update

04

Feb 2025

Feb 04, 2025 • 5 min read

Pakistan’s First AI Policy Will Be Ready by End of February

The National Assembly Standing Committee on IT and Telecom was informed on Tuesday that the country’s pilot Artificial I...

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