News & Updates

News Update

02

Jan 2025

Jan 02, 2025 • 5 min read

Gold Rate in Pakistan Begins 2025 on a High With Second Straight Increase

The price of 24 karat per tola gold increased by Rs.1,100 and was traded at Rs.274,700 on Thursday against its sale at R...

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News Update

02

Jan 2025

Jan 02, 2025 • 5 min read

Local Cement Sales Fall in December 2024, Exports up 50% 

According to the data released by All Pakistan Cement Manufacturers Association (APCMA), local cement despatches by the...

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News Update

02

Jan 2025

Jan 02, 2025 • 5 min read

SBP Reserves Down to $11.7 Billion After Consecutive Drops

The foreign exchange reserves held by the State Bank of Pakistan (SBP) fell by over $140 million on a weekly basis accor...

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News Update

02

Jan 2025

Jan 02, 2025 • 5 min read

Govt to Launch Dedicated Minerals Division

The federal government has announced the creation of a dedicated Minerals Division to enhance the development of Pakista...

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News Update

02

Jan 2025

Jan 02, 2025 • 5 min read

Govt in Talks With Starlink to Provide Internet to Pakistan: IT Minister

Minister of State for IT and Telecom Shaza Fatima on Thursday briefed the National Assembly Standing Committee on IT & T...

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News Update

02

Jan 2025

Jan 02, 2025 • 5 min read

PTA Chairman Refuses to Take Responsibility for Internet Issues, Blames Govt Instead

Chairman Pakistan Telecommunication Authority (PTA) Major General (R) Hafeezur Rehman on Thursday blamed the government...

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News Update

01

Jan 2025

Jan 01, 2025 • 5 min read

Gold Rate in Pakistan Goes up on First Day of 2025 

The price of 24 karat per tola gold increased by Rs.1,000 and was traded at Rs. 273,600 on Wednesday against its sale at...

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News Update

01

Jan 2025

Jan 01, 2025 • 5 min read

PM Shehbaz Stresses Need to Overcome Revenue Shortfall

Prime Minister Shehbaz Sharif Wednesday underscored the need for export-led growth to achieve economic development.   Ch...

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News Update

01

Jan 2025

Jan 01, 2025 • 5 min read

Electricity Tariff to Increase in January 2025 Despite Low Fuel Costs

Electricity tariffs for January 2025 will rise by Rs. 0.51 per unit compared to December 2024. This comes as the federal...

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News Update

01

Jan 2025

Jan 01, 2025 • 5 min read

Former Minister Urges Govt to Slash Electricity Prices for Industries

Economic Policy and Business Development Think Tank chairman and former caretaker minister Gohar Ejaz has said that refo...

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News Update

01

Jan 2025

Jan 01, 2025 • 5 min read

Pakistan’s Inflation Hits 81-Month Low of 4.1% in December 

Pakistan’s annual consumer inflation rate dropped to 4.1 percent in December 2024, marking the lowest level in over 6.5...

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News Update

01

Jan 2025

Jan 01, 2025 • 5 min read

SECP Notifies Adoption of IFRS Sustainability Disclosure Standards

The Securities and Exchange Commission of Pakistan (SECP) has notified the adoption of IFRS Sustainability Disclosure St...

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News Update

01

Jan 2025

Jan 01, 2025 • 5 min read

FBR to Monitor Production at Sugar Mills Through Video Surveillance

After failed experiment of track and trace system, Federal Board of Revenue (FBR) has decided to monitor production of a...

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News Update

01

Jan 2025

Jan 01, 2025 • 5 min read

NHA Increases Toll Tax on Motorways and Highways 3rd Time in 7 Months

The National Highways Authority (NHA) has increased toll taxes significantly for the third time in the current year on h...

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News Update

01

Jan 2025

Jan 01, 2025 • 5 min read

Bulls Celebrate New Year to Push PSX Beyond 117,000 Points

The Pakistan Stock Exchange (PSX) began the new year on a high on Wednesday as bullish momentum saw the benchmark KSE-10...

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News Update

01

Jan 2025

Jan 01, 2025 • 5 min read

Pakistan, ADB Ink $200 Million Loan Agreement to Strengthen Power Distribution 

Pakistan and Asian Development Bank (ADB) Tuesday signed a $200 million loan agreement for Power Distribution Strengthen...

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News Update

01

Jan 2025

Jan 01, 2025 • 5 min read

SECP Sets Sights on Improving Conduct of Listed Firms in Corporate Briefing Sessions 

The Securities and Exchange Commission of Pakistan (SECP) has issued a Consultation Paper on potential areas of improvem...

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News Update

01

Jan 2025

Jan 01, 2025 • 5 min read

Tax Officer, Senior Clerk Suspended in Property Tax Scam Worth Rs. 393 Million

The Jaranwala district administration (Faislabad) has uncovered a Rs. 393 million scam involving the misappropriation of...

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News Update

01

Jan 2025

Jan 01, 2025 • 5 min read

Petroleum Minister Denies Selling Reko Diq Stake to Saudi Arabia

Petroleum Minister Musadik Malik has rejected all claims of selling a stake in the Reko Diq copper-gold mining project t...

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News Update

01

Jan 2025

Jan 01, 2025 • 5 min read

Siemens Pakistan to Sell Its Energy Business for Rs. 17.8 Billion

Siemens (Pakistan) Engineering (PSX: SIEM) has approved the sale and transfer of its Energy Business Segment on a going...

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News Update

01

Jan 2025

Jan 01, 2025 • 5 min read

FBR Falls Short of Revenue Collection Target During First Half of FY25

The Federal Board of Revenue (FBR) has suffered massive shortfall in revenue collection during the first six months of t...

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