News & Updates

News Update

27

Dec 2024

Dec 27, 2024 • 5 min read

Packages Limited to Inject Rs. 3 Billion into StarchPack

The Board of Directors (BoD) of Packages Limited (PSX: PKGS) has accorded its approval for injection of up to Rs. 3 bill...

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News Update

27

Dec 2024

Dec 27, 2024 • 5 min read

Service Industries to Invest Rs. 500 Million in Subsidiary

The Board of Directors of Service Industries Limited (PSX: SRVI) has approved a Rs. 500 million investment in its wholly...

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News Update

27

Dec 2024

Dec 27, 2024 • 5 min read

PSX Ends Week on a High as KSE-100 Index Goes up by Over 900 Points

The Pakistan Stock Exchange (PSX) ended a volatile week on a high as the benchmark KSE-100 Index gained over 900 points...

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News Update

27

Dec 2024

Dec 27, 2024 • 5 min read

Over $100 Million in Business Deals Signed At Build Asia 2024

The 18th edition of Build Asia 2024 witnessed handsome business activities with over $100 million in deals signed betwee...

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News Update

27

Dec 2024

Dec 27, 2024 • 5 min read

SECP Approves Guidelines for Stock Split by Listed Companies

The Securities and Exchange Commission of Pakistan (SECP) has given approval to the Pakistan Stock Exchange Limited (PSX...

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News Update

27

Dec 2024

Dec 27, 2024 • 5 min read

Pakistan Can Earn Extra $10 Billion By Adopting Tech Solutions in Agriculture: P@SHA

Adopting Agri-Tech solutions like precision farming, artificial intelligence (AI), the Internet of Things (IoT), and blo...

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News Update

27

Dec 2024

Dec 27, 2024 • 5 min read

Short-Term Inflation in Pakistan Clocks in at 5.1%

The Sensitive Price Index (SPI) based inflation for the week ended December 26, 2024, increased by 5.08 on a year-on-yea...

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News Update

27

Dec 2024

Dec 27, 2024 • 5 min read

Bank Makramah Shareholders Approve Restructuring Scheme by Overwhelming Majority

The shareholders of Bank Makramah Limited (BML) have overwhelmingly approved the Scheme of Arrangement for the restructu...

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News Update

26

Dec 2024

Dec 26, 2024 • 5 min read

Indigenous Gas Fields Remain Open Amid Misreporting of RLNG Curtailment

The recent claims regarding the closure of Indigenous gas fields in favor of imported RLNG require clarification. The ga...

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News Update

26

Dec 2024

Dec 26, 2024 • 5 min read

PSO, Azerbaijan’s SOCAR Sign Agreement for Supply of Petroleum Products

The Board of Management of Pakistan State Oil Company Limited (PSX: PSO) has approved the execution of the Sale Purchase...

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News Update

26

Dec 2024

Dec 26, 2024 • 5 min read

Top 5% Wealthiest Pakistanis Owe Rs. 1.6 Trillion in Unpaid Taxes: FBR Chairman

Chairman Federal Board of Revenue (FBR) Rashid Mahmood Langrial on Thursday revealed that Pakistan’s top 5 percent earne...

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News Update

26

Dec 2024

Dec 26, 2024 • 5 min read

SBP Reserves Fall Below $12 Billion Level After Significant Weekly Decline 

The foreign exchange reserves held by the State Bank of Pakistan (SBP) fell by over $200 million on a weekly basis accor...

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News Update

26

Dec 2024

Dec 26, 2024 • 5 min read

Foreign Consultant Backs Telcos’ Demands for Successful 5G Auction Next Year

The National Economic Research Associates Inc (NERA) – a United States-based international consultancy firm hired for th...

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News Update

26

Dec 2024

Dec 26, 2024 • 5 min read

New Tax Law Amendment Bill Approved: FBR to Pre-Audit Sales, Restrict Lavish Purchases Exceeding Declared Income

The Standing Committee on Finance and Revenue on Thursday unanimously approved the Tax Laws Amendment Bill 2024 which no...

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News Update

26

Dec 2024

Dec 26, 2024 • 5 min read

Punjab to Impose Huge Penalty on Property Transactions Done Without Banks

The Punjab government has decided to recover a 5 percent penalty from immovable property purchases made through non-bank...

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News Update

26

Dec 2024

Dec 26, 2024 • 5 min read

PSX Sheds Nearly 2,000 Points as Selling Pressure Persists

The benchmark KSE-100 Index of the Pakistan Stock Exchange (PSX) fell by nearly 2,000 points on Thursday owing to a stro...

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News Update

26

Dec 2024

Dec 26, 2024 • 5 min read

Rupee Up 2nd Day in a Row Against US Dollar, Most Currencies

The Pakistani rupee (PKR) closed in green against the US Dollar (USD) today after opening trade at 279 in the interbank...

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News Update

26

Dec 2024

Dec 26, 2024 • 5 min read

OGDC Enhances Oil Production At Well in Hyderabad

Oil & Gas Development Company Limited (OGDC) ihas announced the successful revival and enhanced production of oil from t...

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News Update

26

Dec 2024

Dec 26, 2024 • 5 min read

SECP Ceases Guarantees Business of Crescent Star Insurance Limited

The Securities and Exchange Commission of Pakistan (SECP) has ceased the guarantee business of Crescent Star Insurance L...

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News Update

26

Dec 2024

Dec 26, 2024 • 5 min read

Gold Rate in Pakistan Range-Bound But Goes up Slightly 

The price of 24 karat per tola gold increased by Rs. 1,400 and was sold at Rs. 274,000 on Thursday against its sale at R...

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News Update

26

Dec 2024

Dec 26, 2024 • 5 min read

CCP Authorizes KCA Deutag Acquisition by HP Global Holdings 

The Competition Commission of Pakistan (CCP) has authorized the acquisition of 100% shareholding in KCA Deutag Internati...

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