News & Updates

PSX to Raise Rs. 250 Billion Through Sukuks This Month

Pakistan Stock Exchange (PSX) has rolled out a calendar for raising funds of Rs. 250 through Sukuks in January 2025.   M...

Otsuka Pakistan Ltd Suspends Production At Hub Plant Till January 19

The management of Otsuka Pakistan Limited (PSX: OTSU) has decided to temporarily suspend production and manufacturing ac...

Govt Urged to Reduce Taxes on Mobile Phones

The Senate Standing Committee urged the Pakistan Telecommunication Authority (PTA) to bring down mobile phone taxes to c...

Pakistan’s Trade Deficit Soars 35% in December 2024 as Imports Hit 27-Month High

Pakistan’s trade deficit widened by 35 percent year-on-year (YoY) in December 2024 to $2.444 billion as compared to a de...

FTO Received Record 13,500 Complaints Against FBR in 2024

Federal Tax Ombudsman (FTO) received a record number of 13,506 complaints against the Federal Board of Revenue (FBR) and...

Cabinet Approves MoU to Develop Textile Parks in Pakistan

A federal cabinet meeting chaired by Prime Minister Shehbaz Sharif on Wednesday approved a Memorandum of Understanding (...

Cherat Packaging Receives Payment for Sale of Papersack Production Line

Cherat Packaging Limited (PSX: CPPL) Tuesday announced the successful completion of the sale of its Papersack Production...

CCP Slaps Rs. 275 Million in Penalties for Cartelization, Deceptive Marketing in 2024 

The Competition Commission of Pakistan (CCP) levied penalties worth Rs. 275 million in 2024 on companies found guilty of...

Rupee Closes Higher Against US Dollar Than Last Year’s Rate for the First Time After 8 Years

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

Cabinet Approves Sale of 15% Reko Diq Stake to Saudi Arabia for $540 Million

The federal cabinet has approved the sale of a 15 percent stake in the Reko Diq copper-gold mining project to Saudi Arab...

Here Are Pakistan’s Biggest Fintech Developments in 2024

Fintech is one of the emerging sectors in the financial industry, expected to act as a catalyst in Pakistan by bridging...

Govt Increases Prices of Petrol and Diesel on New Year

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

Ruby Textile Struggles to Resume Operations Due to Economic Distress, LC Issues

Ruby Textile Mills Limited (PSX: RUBY) on Tuesday informed the main bourse that management is keenly working on the fore...

Here’s How Much Investment Was Raised By Pakistani Startups in 2024

PSX Ends 2024 as Second-Best Performing Market in the World

The benchmark KSE-100 Index of the Pakistan Stock Exchange (PSX) provided a monstrous gain of 84 percent in 2024, the hi...

These Were the Top Performing PSX Stocks in 2024

The benchmark KSE 100 Index jumped 85 percent in Rupee terms (87 percent in USD) in 2024, with only one trading session...

Finance Minister, SBP Governor Strategize on Boosting Remittances for Economic Growth

Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb held a meeting today with Jameel Ahmad, Governor of...

FBR Announces Tax Concessions on Items Imported from 7 Countries

The Federal Board of Revenue (FBR) has announced tariff concessions, from January 2025 on the import of items and finish...

Here’s How Much Gold Rate in Pakistan Increased in 2024 

Despite closing the year just shy of the all-time high mark, the price of gold in Pakistan maintained a consistent upwar...

Private Steel Manufacturer Buys Extra 0.08% Stake in Cordoba Logistics

Cordoba Logistics & Ventures Limited (PSX: CLVL) has announced that M/s. Steel Complex Private Limited (related to the C...

PM Shehbaz Launches 5-Year Transformation Plan for Economy ‘Uraan Pakistan’

Prime Minister Muhammad Shehbaz Sharif Tuesday unveiled ‘Uraan Pakistan’ – the homegrown National Economic Plan (2024-29...