News & Updates

News Update

16

Jan 2025

Jan 16, 2025 • 5 min read

UAE Rolls Over $2 Billion Loan to Pakistan for Another Year 

The State Bank of Pakistan (SBP) Thursday said that the United Arab Emirates (UAE) has confirmed rollover of its two dep...

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News Update

16

Jan 2025

Jan 16, 2025 • 5 min read

Over 33,500 Tax Cases Worth Rs. 4.7 Trillion Still Pending in Courts

33,522 tax-related cases valued at Rs. 4.7 trillion remain unresolved in courts and tribunals across the country. This w...

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News Update

16

Jan 2025

Jan 16, 2025 • 5 min read

Senate Panel Criticizes Lack of Progress on Foreign-Funded Development Projects

The Senate Standing Committee on Economic Affairs on Thursday criticized the lack of progress on some of the development...

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News Update

16

Jan 2025

Jan 16, 2025 • 5 min read

Saudi Development Fund Eyes $100 Million Investment in Pakistan’s Mining Sector

Saudi Mining Minister Bandar Alkhorayef on Wednesday said the Saudi Development Fund (SDF) might invest $100 million in...

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News Update

16

Jan 2025

Jan 16, 2025 • 5 min read

Ijara Capital, Noventa Pharma Secure Majority Stake in Searle Pakistan

The Competition Commission of Pakistan (CCP) has granted approval for the acquisition of a 90.61 Percent shareholding in...

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News Update

16

Jan 2025

Jan 16, 2025 • 5 min read

SBP Reserves Post Slight Increase for First Time in Four Weeks 

The foreign exchange reserves held by the State Bank of Pakistan (SBP) went up slightly on a weekly basis according to d...

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News Update

16

Jan 2025

Jan 16, 2025 • 5 min read

Rupee Extends Losing Streak to 4 Against US Dollar After Yet Another Decline

The Pakistani rupee (PKR) closed in red 4th day in a row against the US Dollar (USD) today after opening trade at 279 in...

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News Update

16

Jan 2025

Jan 16, 2025 • 5 min read

PSX Closes Below 114,000 Mark After Losing Over 650 Points

The 100-Index of the Pakistan Stock Exchange (PSX) continued with bearish trend on Thursday, losing 658.96 points, a neg...

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News Update

15

Jan 2025

Jan 15, 2025 • 5 min read

FBR Reshuffles Over 4 Dozen Senior Officers

The Federal Board of Revenue (FBR) has transferred and posted 49 officers of the Inland Revenue Service (BS-17-20) acros...

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News Update

15

Jan 2025

Jan 15, 2025 • 5 min read

OGDC Starts Oil, Gas Production from Kharo-1 Well

Oil & Gas Development Company Limited (PSX: OGDC) Wednesday announced that Kharo-1 well has been successfully brought in...

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News Update

15

Jan 2025

Jan 15, 2025 • 5 min read

FTO Directs FBR to Issue Explanatory Circular for Rebate

The Federal Tax Ombudsman (FTO) has directed the Federal Board of Revenue (FBR) to issue a detailed income tax explanato...

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News Update

15

Jan 2025

Jan 15, 2025 • 5 min read

AIRLINK’s Subsidiary to Launch Xiaomi TVs in Pakistan 

Air Link Communication Limited (PSX: AIRLINK) Wednesday announced that its wholly owned subsidiary, Select Technologies...

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News Update

15

Jan 2025

Jan 15, 2025 • 5 min read

Govt Jacks up Prices of Petrol, Diesel

The federal government has notified the new prices of petroleum products for the next fortnight. According to the notifi...

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News Update

15

Jan 2025

Jan 15, 2025 • 5 min read

Here’s How Much Debt Every Pakistani Owes From Birth

Every Pakistani now owes Rs. 302,000 to national and international lenders as of fiscal year 2024, up 11.3 percent compa...

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News Update

15

Jan 2025

Jan 15, 2025 • 5 min read

UBL Converts All Conventional Branches in KP, Balochistan to Islamic Banking

All branches of United Bank Limited (PSX: UBL) in Khyber Pakhtunkhwa and Balochistan have been converted into Islamic ba...

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News Update

15

Jan 2025

Jan 15, 2025 • 5 min read

PM Shehbaz to Visit UAE Next Month

Prime Minister Shehbaz Sharif is scheduled to visit the United Arab Emirates from February 11 to February 13 to particip...

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News Update

15

Jan 2025

Jan 15, 2025 • 5 min read

PSQCA Becomes Hub of Corruption, Nepotism And More: Report

A document presented by the Ministry of Science and Technology before the Parliament has revealed rampant corruption and...

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News Update

15

Jan 2025

Jan 15, 2025 • 5 min read

SBP Clears Appointment of Nauman Chughtai As MCB CEO

The State Bank of Pakistan (SBP) has cleared Muhammad Nauman Chughtai as the chief executive officer and president of MC...

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News Update

15

Jan 2025

Jan 15, 2025 • 5 min read

Wafi Energy Pakistan Appoints Zubair Shaikh As Interim CEO

The Board of Directors of Wafi Energy Pakistan Limited (formerly Shell Pakistan Ltd) has appointed Zubair Shaikh as inte...

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News Update

15

Jan 2025

Jan 15, 2025 • 5 min read

Gold Rate in Pakistan Surges, Recovers Losses of Last Two Days 

The price of 24 karat per tola gold increased by Rs. 2,900 and was sold at Rs. 280,800 on Wednesday against its sale at...

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News Update

15

Jan 2025

Jan 15, 2025 • 5 min read

Pakistan’s Large-Scale Manufacturing Sector Contracts 1.25% in Five Months of FY25

The Overall Large-Scale Manufacturing (LSM) sector has shown a growth of -1.25 percent during the first five months (Jul...

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