News & Updates

News Update

08

Jan 2025

Jan 08, 2025 • 5 min read

Pakistan is Behind Sri Lanka, Bangladesh, India in Exports And Spending on Key Sectors

Pakistan is falling behind its regional neighbors in exports and spending on key sectors such as education and health, a...

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News Update

08

Jan 2025

Jan 08, 2025 • 5 min read

Bears Dominate PSX as KSE-100 Loses Nearly 2,000 Points 

Bears controlled the Pakistan Stock Exchange (PSX) on Wednesday as the benchmark KSE-100 index lost over 1,900 points. ...

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News Update

08

Jan 2025

Jan 08, 2025 • 5 min read

Pakistani IT Companies Start Using Starlink Illegally for Uninterrupted Internet

A number of IT companies are using Starlink, Elon Musk’s satellite internet service, for uninterrupted internet despite...

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News Update

08

Jan 2025

Jan 08, 2025 • 5 min read

Rupee Falls 3rd Consecutive Day Against US Dollar After ‘Terror Threat’ to PSX

The Pakistani rupee (PKR) closed in red 3rd day in a row against the US Dollar (USD) today after opening trade at 279 in...

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News Update

08

Jan 2025

Jan 08, 2025 • 5 min read

PM Calls IMF-Backed Tax Slabs Prohibitive That Hurt Investments and Businesses

Prime Minister Shehbaz Sharif acknowledged on Wednesday that the existing taxes obstruct businesses and discourage inves...

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News Update

08

Jan 2025

Jan 08, 2025 • 5 min read

FBR Seeks Tax Proposals for Budget 2025-26 

The Federal Board of Revenue (FBR) has sought income tax, sales tax and federal excise duty budget proposals (2025-26) f...

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News Update

08

Jan 2025

Jan 08, 2025 • 5 min read

Worldcall’s Holding Company Launches Big Data and AI Center in Pakistan

GlobalTech Corporation (GTC), the ultimate holding company of Worldcall Telecom Limited (PSX: WTL) announced the establi...

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News Update

08

Jan 2025

Jan 08, 2025 • 5 min read

SECP Seeks Feedback on Improvements in Takeover Regulations 

The Securities and Exchange Commission of Pakistan (SECP) has issued a consultation paper to seek feedback on areas of i...

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News Update

08

Jan 2025

Jan 08, 2025 • 5 min read

Karachi Emerges as No. 1 Tax Contributor to Pakistan Economy in FY24

Karachi has emerged as the top contributor to national tax revenues for the fiscal year 2023-24, according to the Federa...

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News Update

08

Jan 2025

Jan 08, 2025 • 5 min read

Electricity Consumers to Get Slight Relief in January Bills 

The National Electric Power Regulatory Authority (NEPRA) on Tuesday notified 75 paisa and 49 paisa per unit decrease in...

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News Update

08

Jan 2025

Jan 08, 2025 • 5 min read

Is Qatar Airways Closing Its Offices in Pakistan?

Qatar Airways has clarified recent news reports of closing offices across Pakistan to reduce operational costs. The airl...

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News Update

07

Jan 2025

Jan 07, 2025 • 5 min read

Rupee Declines 2nd Day in a Row Against US Dollar, Euro, British Pound

The Pakistani rupee (PKR) closed in red 2nd day in a row against the US Dollar (USD) today after opening trade at 279 in...

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News Update

07

Jan 2025

Jan 07, 2025 • 5 min read

NBP Approves Demerger Scheme for SME Bank

Shareholders of the National Bank of Pakistan (PSX: NBP) have approved a Scheme of Arrangement for the demerger of a spe...

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News Update

07

Jan 2025

Jan 07, 2025 • 5 min read

Cement Prices Decrease in Pakistan Amid Weak Demand

The retail price of cement has been decreased up to Rs. 20 per bag in Pakistan. According to JS Global, cement players h...

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News Update

07

Jan 2025

Jan 07, 2025 • 5 min read

Govt Will End 150,000 Jobs and Close 43 Ministries

Finance Minister Muhammad Aurangzeb on Tuesday announced that the federal government will close 43 ministries and elimin...

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News Update

07

Jan 2025

Jan 07, 2025 • 5 min read

Dost Steel Ltd Unable to Resume Operations This Year

Dost Steels Limited (PSX: DSL) on January 6, 2025, said it has so far failed to resume operations this year due to low w...

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News Update

07

Jan 2025

Jan 07, 2025 • 5 min read

UAE Agrees to Roll Over $2 Billion Loan for Pakistan, PM Tells Cabinet

Prime Minister Shehbaz Sharif on Tuesday told the federal cabinet that the United Arab Emirates (UAE) has announced to e...

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News Update

07

Jan 2025

Jan 07, 2025 • 5 min read

Taliban Threatens Pakistan Army-Linked PSX Stocks And Businesses

Militants belonging to Tehreek-i-Taliban Pakistan (TTP) are now targeting local businesses, including listed firms, owne...

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News Update

07

Jan 2025

Jan 07, 2025 • 5 min read

Bank Loans to Private Sector Skyrocket By Over 265%

Total bank loans to the private sector clocked in at Rs. 10.77 trillion in the current financial year 2024-25 from Rs. 8...

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News Update

07

Jan 2025

Jan 07, 2025 • 5 min read

OCAC Urges Govt to Discuss With Private Refineries on How to Deregulate Petrol, Diesel Prices

The oil sector in Pakistan has urged the government to include private refineries and oil marketing companies (OMCs) in...

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News Update

07

Jan 2025

Jan 07, 2025 • 5 min read

SBP Bought $9 Billion From Market to Stabilize Forex Reserves Last Year: Governor SBP

The State Bank of Pakistan (SBP) purchased a record $9 billion from the local market in 2024 to maintain foreign exchang...

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