News & Updates

News Update

09

Jan 2025

Jan 09, 2025 • 5 min read

Key Development Likely in PIA’s Privatization Later This Month

The government is set to revive its efforts to privatize the cash-strapped Pakistan International Airlines (PIA).   Sour...

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News Update

09

Jan 2025

Jan 09, 2025 • 5 min read

Govt Finally Realizes Major Problem with Gwadar Port

More than ten years have passed but the multi-billion-dollar Gwadar Port has yet to realize its potential as a transship...

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News Update

09

Jan 2025

Jan 09, 2025 • 5 min read

OGDC Appoints Ahmed Hayat Lak As Managing Director, CEO

The Oil & Gas Development Company Limited (PSX: OGDC) has appointed Ahmed Hayat Lak as the chief executive officer of th...

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News Update

09

Jan 2025

Jan 09, 2025 • 5 min read

Pakistani Publishers Impersonating American Brands Wiped from Social Media

In a sweeping crackdown over the last 24 hours, social media platforms have terminated accounts belonging to four Pakist...

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News Update

09

Jan 2025

Jan 09, 2025 • 5 min read

PTA Awaits Policy Directive from IT Ministry to Recover Rs. 78 Billion from LDI Companies

The Pakistan Telecommunication Authority (PTA) is awaiting a policy directive from the Ministry of IT and Telecommunicat...

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News Update

09

Jan 2025

Jan 09, 2025 • 5 min read

Rupee Gains Whopping Rs. 6 Against British Pound As Market Closes in Green

The Pakistani rupee (PKR) closed in green ending its 3-day losing streak against the US Dollar (USD) today after opening...

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News Update

09

Jan 2025

Jan 09, 2025 • 5 min read

ADB Upgrades Pakistan’s Growth Forecast for FY25

The Asian Development Bank (ADB), in its recent publication, has revised upwards Pakistan’s growth forecast to 3.0% duri...

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News Update

09

Jan 2025

Jan 09, 2025 • 5 min read

Bears Tighten Grip on PSX as KSE-100 Sheds 1,500 Points 

Bears tightened their grip on the Pakistan Stock Exchange (PSX) as the benchmark KSE-100 Index lost 1,500 more points on...

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News Update

09

Jan 2025

Jan 09, 2025 • 5 min read

SBP Allows Exchange Companies to Use VPNs

State Bank of Pakistan has allowed exchange companies to utilize Virtual Private Networks (VPNs) to execute its operatio...

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News Update

09

Jan 2025

Jan 09, 2025 • 5 min read

Govt to Present Federal Budget 2025-26 in First Week of June

The federal government will present the federal budget (2025-26) in the first week of June 2025. According to the Financ...

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News Update

09

Jan 2025

Jan 09, 2025 • 5 min read

Fixed Charges in Electricity Bills Used to Finance Rs. 2 Trillion Capacity Charges: NEPRA

The National Electric Power Regulatory Authority (NEPRA) has clarified that the imposition of fixed charges on electrici...

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News Update

09

Jan 2025

Jan 09, 2025 • 5 min read

Expected Price of Starlink Internet in Pakistan Revealed

Elon Musk’s satellite-based Starlink internet service is expected to debut in Pakistan with a premium pricing model for...

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News Update

09

Jan 2025

Jan 09, 2025 • 5 min read

Gold Rate in Pakistan Continues Upward Trend With Third Straight Increase

The price of 24 karat per tola gold increased by Rs. 1,300 and was sold at Rs. 278,300 on Thursday against its sale at R...

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News Update

08

Jan 2025

Jan 08, 2025 • 5 min read

Mari Petroleum Changes Names to Mari Energies Limited 

Mari Petroleum Company Limited (PSX: MARI) Wednesday announced that the name of the company has been changed from Mari P...

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News Update

08

Jan 2025

Jan 08, 2025 • 5 min read

Faysal Bank Wins Global Diversity, Equity & Inclusion Benchmark Awards 2025

Faysal Bank Limited (FBL), one of Pakistan’s leading Islamic banks, has been honoured by Global Diversity, Equity & Incl...

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News Update

08

Jan 2025

Jan 08, 2025 • 5 min read

5 Leading Telcos Are Regularly Filing Taxes on FBR’s Single Sales Tax Return Portal

Five leading telecom companies are regularly filing Single Sales Tax Returns (SSTR) notified by the Federal Board of Rev...

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News Update

08

Jan 2025

Jan 08, 2025 • 5 min read

Gold Rate in Pakistan Posts Another Increase This Week 

The price of 24 karat per tola gold increased by Rs. 1,000 and was sold at Rs. 277,000 on Wednesday against its sale at...

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News Update

08

Jan 2025

Jan 08, 2025 • 5 min read

Big Bird Foods Commissions New Production Line for Ethnic Food Segment

Big Bird Foods Limited (PSX: BBFL) has now entered the ethnic food segment to generate over Rs. 500 million in additiona...

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News Update

08

Jan 2025

Jan 08, 2025 • 5 min read

Pakistani Banks Post Best Stock Returns in Asia-Pacific Amid PSX Record Rally

Pakistani banks led their Asia-Pacific peers in posting some of the highest stock returns in the three months ended Dec....

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News Update

08

Jan 2025

Jan 08, 2025 • 5 min read

Bill in Works to Legalize Cryptocurrencies and Launch Digital Rupee in Pakistan

The Senate of Pakistan is set to consider the Virtual Assets Bill 2025, introduced as a private member’s bill by Senator...

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News Update

08

Jan 2025

Jan 08, 2025 • 5 min read

PRL Secures Rs. 3.15 Billion Loan Facility from PSO

The Board of Directors of Pakistan Refinery Limited (PSX: PRL) has approved the acquisition of a loan facility amounting...

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