News & Updates

News Update

27

Jan 2025

Jan 27, 2025 • 5 min read

FBR Expands Scope of Tracking and Monitoring of Cargo 

  The FBR issued an SRO.64(I)/2025 on Monday to notify draft of further amendment in in the Customs Rules, 2001.  Accord...

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News Update

27

Jan 2025

Jan 27, 2025 • 5 min read

MARI’s Q2 Profit Plummets by Almost 40%

Mari Energies Limited (PSX: MARI) saw its second quarter (2QFY25) profit dip by 39 percent on a year-on-year (YoY) basis...

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News Update

27

Jan 2025

Jan 27, 2025 • 5 min read

SBP Governor Announces Launch Date for New Currency Notes

Pakistan’s central bank is gearing up to launch a new series of currency notes, with the first design expected to enter...

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News Update

27

Jan 2025

Jan 27, 2025 • 5 min read

Foreign Currency Debit Card Launched for Pakistani Freelancers, Exporters

Meezan Bank has launched a Foreign Currency (FCY) Debit Card for exporters and freelancers holding an Exporters’ Special...

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News Update

27

Jan 2025

Jan 27, 2025 • 5 min read

AIRLINK Buys Industrial Plot in Lahore

Air Link Communication Limited (PSX: AIRLINK) has purchased a 3-acre industrial plot, the company informed the main bour...

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News Update

27

Jan 2025

Jan 27, 2025 • 5 min read

Govt is Considering New System for Solar Users as Financial Impact Rises to Rs. 103 Billion

Net metering has placed a financial strain of Rs. 103 billion on Pakistan’s grid consumers, leading the government to co...

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News Update

27

Jan 2025

Jan 27, 2025 • 5 min read

Engro Fertilizers Sets Up Markaz Centers to Provide Quality Fertilizers to Farmers

To support the government’s efforts to ensure the availability of high-quality fertilizers at official prices, Engro Fer...

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News Update

27

Jan 2025

Jan 27, 2025 • 5 min read

Gold Rate in Pakistan Settles Just Below All-Time High After Slight Decline 

The price of 24 karat per tola gold decreased by Rs. 300 and was sold at Rs. 289,100 on Monday against its sale at Rs. 2...

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News Update

27

Jan 2025

Jan 27, 2025 • 5 min read

IHC Issues Notice to Famous News Anchor Over Alleged Income Tax Concealment

The Islamabad High Court (IHC) has rejected the legal stance of Appellate Tribunal Inland Revenue (ATIR) and issued noti...

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News Update

27

Jan 2025

Jan 27, 2025 • 5 min read

SBP Cuts Key Interest Rate 6th Time in 6 Months

The State Bank of Pakistan (SBP) announced on Monday that it has decreased the interest rate by 100 basis points to 12 p...

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News Update

27

Jan 2025

Jan 27, 2025 • 5 min read

Govt on Track to End Over 20,000 Jobs in Railways Ministry 

Federal Minister for Finance Muhammad Aurangzeb chaired a meeting of the Cabinet Committee on Rightsizing of the Federal...

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News Update

27

Jan 2025

Jan 27, 2025 • 5 min read

Attock Petroleum’s Profit Drops 34% in First Half of FY25 to Rs. 5.12 Billion

Attock Petroleum Limited (PSX: APL) announced the financial result for 1HFY25, whereby the company has posted a net prof...

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News Update

27

Jan 2025

Jan 27, 2025 • 5 min read

Nestlé Pakistan Takes Another Step Forward in Renewable Energy: Inaugurates Biomass Boiler Plant in Kabirwala, Punjab

Nestlé inaugurated a biomass boiler at its Kabirwala Factory, advancing its PKR 2 billion commitment to renewable energy...

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News Update

26

Jan 2025

Jan 26, 2025 • 5 min read

Pakistan’s One-Year T-Bill Rate Drops to 3-Year Low

The 1-Year T-Bill rate has dropped to approximately a 3-year low of 11.34 percent. In the last one and a half years, the...

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News Update

26

Jan 2025

Jan 26, 2025 • 5 min read

Govt Recklessly Breaches IMF Limit on Funding of Parliamentarian Schemes

The federal government has nearly tripled funding for parliamentarians’ schemes under the Sustainable Development Goals...

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News Update

26

Jan 2025

Jan 26, 2025 • 5 min read

All Taxpaying Importers Are Now Required to File Monthly Stock Returns

A leading sales tax expert stated that the requirement for the filing of stock statements and production data is extende...

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News Update

26

Jan 2025

Jan 26, 2025 • 5 min read

Sugar Price in Pakistan Records Big Increase Ahead of Ramazan

The price of sugar has seen a sharp increase of at least Rs. 11 per kilogram over the past three months across Pakistan,...

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News Update

24

Jan 2025

Jan 24, 2025 • 5 min read

Askari Bank Appoints Zia Ijaz As President/CEO

The Board of Directors of Askari Bank Limited (PSX: AKBL) in its meeting held on Friday, January 24, 2025, has decided t...

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News Update

24

Jan 2025

Jan 24, 2025 • 5 min read

Govt is Giving Free Electricity Worth Billions to Serving and Retired Employees

The Power Division is in favor of free electricity to employees of government-owned power sector entities. It claims it...

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News Update

24

Jan 2025

Jan 24, 2025 • 5 min read

Colony Textile Mills to Shut down Its Weaving Division

Colony Textile Mills Limited (PSX: CTM) will shut down its weaving division at the end of this month, the company inform...

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News Update

24

Jan 2025

Jan 24, 2025 • 5 min read

Minister Urges World Bank to Provide Funds for Installation of Smart Meters at Distribution Level Transformers

Federal Minister for Power Awais Leghari has urged the World Bank for provision of funds and investment for installation...

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