News & Updates

News Update

23

Jan 2025

Jan 23, 2025 • 5 min read

Pakistan Seeks Swedish Assistance to Convert Petrol Motorcycles to Electric 

Federal Minister for Power Awais Ahmed Khan Leghari Thursday invited Sweden Green Fund to assist Pakistan’s small vehicl...

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News Update

23

Jan 2025

Jan 23, 2025 • 5 min read

SBP Reserves Fall Below $11.5 Billion Due to Debt Repayments 

The foreign exchange reserves held by the State Bank of Pakistan (SBP) took a major hit on a weekly basis according to d...

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News Update

23

Jan 2025

Jan 23, 2025 • 5 min read

SBP to Launch Simplified Merchant Account Forms for Boosting Digital Payments

The State Bank of Pakistan (SBP) is streamlining the merchant account opening process to promote digital payments by mak...

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News Update

23

Jan 2025

Jan 23, 2025 • 5 min read

Rupee Reverses Losses Against Most Currencies After Bears Retreat

The Pakistani rupee (PKR) closed in green reversing its 2-day losing streak against the US Dollar (USD) today after open...

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News Update

23

Jan 2025

Jan 23, 2025 • 5 min read

HBL Reinforces Commitment to Sustainability with 2023 Impact Report

Upholding the ethos of the Aga Khan Development Network (AKDN), HBL believes that impact & sustainability extend beyond...

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News Update

23

Jan 2025

Jan 23, 2025 • 5 min read

Opposition Leader Omar Ayub Criticizes Digital Nation Bill, Writes to IT Committee Chairman 

Leader of the Opposition in the National Assembly, Opposition Leader in the National Assembly Omar Ayub Khan, has raised...

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News Update

23

Jan 2025

Jan 23, 2025 • 5 min read

Govt Orders Immediate Closure of Utility Stores Corporation

The federal cabinet has decided to shut down the Utility Stores Corporation (USC). To oversee this transition, a seven-m...

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News Update

23

Jan 2025

Jan 23, 2025 • 5 min read

Security Papers Ltd to Upgrade its Plant for Printing New PKR Currency Notes

Security Papers Limited (PSX: SEPL) has decided to upgrade its plant to support the State Bank of Pakistan’s (SBP) recen...

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News Update

23

Jan 2025

Jan 23, 2025 • 5 min read

Finance Minister Explores Opportunities for Investment, Cooperation With Qatar, Saudi FMs in Davos

Federal Minister for Finance and Revenue Muhammad Aurangzeb held back-to-back meetings with  Mohammed bin Abdullah Al-Ja...

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News Update

23

Jan 2025

Jan 23, 2025 • 5 min read

SBP Issues Guidelines for Pool Management for Islamic Banking Institutions

The State Bank of Pakistan (SBP) recently issued guidelines through its circulars/notifications regarding Profit and Los...

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News Update

23

Jan 2025

Jan 23, 2025 • 5 min read

FBR is Obstructing Adoption of QR Code Payment System in Pakistan

The Federal Board of Revenue (FBR) has emerged as a big obstacle to the implementation of QR code-based payment systems...

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News Update

23

Jan 2025

Jan 23, 2025 • 5 min read

FBR Seeks Customs-Related Budget Proposals for FY 2025-26

The Federal Board of Revenue (FBR) has sought customs budget proposals for 2025-26 from the business and trade. Accordin...

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News Update

23

Jan 2025

Jan 23, 2025 • 5 min read

Starlink Applies to Set Up Ground Stations in Pakistan

Elon Musk’s company Starlink has taken steps to establish its presence in Pakistan by registering with the Securities an...

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News Update

23

Jan 2025

Jan 23, 2025 • 5 min read

70% K-Electric Feeders Now Loadshedding Free, Claims Energy Secretary

Parliamentary Secretary for Energy Division, Aamir Talal Khan, informed the National Assembly on Wednesday that 70 perce...

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News Update

22

Jan 2025

Jan 22, 2025 • 5 min read

Senator Blasts Govt for Blocking His Pro-Crypto, Digital Assets Bill

Senator Afnan Ullah on Monday expressed frustration over being prevented from presenting his Virtual Assets Bill 2025 an...

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News Update

22

Jan 2025

Jan 22, 2025 • 5 min read

Business Process Outsourcing Sector to Earn Over $1 Billion Revenue By 2029: PSEB

Pakistan’s Business Process Outsourcing (BPO) sector maintained stable growth with its revenues expected to show an annu...

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News Update

22

Jan 2025

Jan 22, 2025 • 5 min read

NAB Warns Against Investing in Bahria Town Dubai

The National Accountability Bureau (NAB) issued a public warning on Tuesday, advising against investments in Bahria Town...

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News Update

22

Jan 2025

Jan 22, 2025 • 5 min read

SECP Invites Feedback on Launching Platform for Public Unlisted Companies At PSX

The Securities and Exchange Commission of Pakistan (SECP) has issued a consultation paper proposing the launch of a Regi...

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News Update

22

Jan 2025

Jan 22, 2025 • 5 min read

Massive Increase Pushes Gold Price in Pakistan Close to All-Time High

The price of 24 karat per tola gold increased by Rs. 4,250 and was sold at Rs. 287,450 on Wednesday against its sale at...

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News Update

22

Jan 2025

Jan 22, 2025 • 5 min read

Mari Energies Subsidiary to Acquire 5% Stake in Kohesultan Mining Company Ltd

Mari Minerals (Private) Limited (MariMinerals) will acquire a 5 percent stake in Kohesultan Mining Company (Private) Lim...

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News Update

22

Jan 2025

Jan 22, 2025 • 5 min read

FBR Told to Scrap Rs. 6 Billion “Scam and Scandal” Order for 1,000+ Cars

Senate Standing Committee on Finance has decided to write to Prime Minister Shehbaz Sharif and the Ministry of Finance t...

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