News & Updates

News Update

23

Dec 2024

Dec 23, 2024 • 5 min read

PSX Announces Holiday on December 25

The Pakistan Stock Exchange (PSX) will remain closed on Wednesday, December 25, on the occasion of Quaid-e-Azam day/Chri...

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News Update

23

Dec 2024

Dec 23, 2024 • 5 min read

Why is IMF Still Silent Over Punjab’s Ridiculous 860% Salary Boost?

The International Monetary Fund (IMF) has historically never hesitated to aggressively deny Pakistan’s outlandish expend...

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News Update

23

Dec 2024

Dec 23, 2024 • 5 min read

SECP Adds 37 Companies Involved in Illegal Activities to its List

The Securities and Exchange Commission of Pakistan (SECP) has issued a list of 37 companies involved in unauthorized bus...

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News Update

23

Dec 2024

Dec 23, 2024 • 5 min read

Feroze1888 Mills to Set Up Subsidiary in UK

Feroze1888 Mills Limited (PSX: FML) has decided to form a wholly-owned subsidiary in the United Kingdom, the company inf...

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News Update

23

Dec 2024

Dec 23, 2024 • 5 min read

Pakistanis Now Exempt From Tax on Rent and Capital Earned in UK and UAE

In a major development, resident Pakistanis would not be required to pay tax on rental income and capital gains in the U...

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News Update

23

Dec 2024

Dec 23, 2024 • 5 min read

Meezan Bank and Arif Habib Limited Launch Instant Top-up Service for Investors

Meezan Bank, Pakistan’s leading Islamic bank, and Arif Habib Limited, a leader in investment banking, have recently part...

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News Update

23

Dec 2024

Dec 23, 2024 • 5 min read

Sapphire Electronics to Manufacture Samsung Products For Sale in Pakistan

Sapphire Electronics (Pvt) Limited has entered into an agreement with Samsung Electronics Co. Limited to manufacture and...

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News Update

23

Dec 2024

Dec 23, 2024 • 5 min read

Ex-Senate Chairman Slams Finance Minister for His Double Standards on Granting New Allowances to Bureaucrats

Ex-Senate Chairman Raza Rabbani on Monday highly criticized the federal government for forming an eight-member committee...

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News Update

23

Dec 2024

Dec 23, 2024 • 5 min read

Gold Rate Remains Unchanged Just Below All-Time High

The price of 24 karat per tola gold remained unchanged at Rs. 273,400 on Monday, All Sindh Sarafa Jewellers Association...

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News Update

23

Dec 2024

Dec 23, 2024 • 5 min read

PTCL Partners with IBM & GBM Pakistan to Modernize its IT Infrastructure Using IBM Technology

Pakistan Telecommunication Company Limited (PTCL), the country’s leading ICT services provider, has partnered with GBM P...

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News Update

23

Dec 2024

Dec 23, 2024 • 5 min read

Mobile Phone Imports Down 7.5% in First 5 Months of FY25

The country imported mobile phones worth $570.167 million in the first five months (July-November) of the current fiscal...

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News Update

23

Dec 2024

Dec 23, 2024 • 5 min read

Listed Companies Not Adhering to Gender Pay Gap Disclosure Requirements: SECP 

The Securities and Exchange Commission of Pakistan (SECP) has announced that despite extensive advocacy and engagement,...

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News Update

23

Dec 2024

Dec 23, 2024 • 5 min read

PTA Issued 177 Telecom Licenses in FY24

The Pakistan Telecommunication Authority (PTA) issued a total of 177 telecom licenses during the fiscal year 2023-24, ac...

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News Update

23

Dec 2024

Dec 23, 2024 • 5 min read

Crescent Steel Wins Contract to Supply Pipes Worth Rs. 1.5 Billion

Crescent Steel & Allied Products Limited (PSX: CSAP) has been awarded a contract to supply steel line pipes worth Rs. 1....

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News Update

23

Dec 2024

Dec 23, 2024 • 5 min read

Greentree Holdings Ltd Wants to Acquire 35% Stake in TRG Pakistan

Greentree Holdings Limited has submitted a Public Announcement of Intention to acquire up to 35 percent of the issued an...

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News Update

22

Dec 2024

Dec 22, 2024 • 5 min read

Mutual Funds Behind Historic PSX Rally As Investors Shift from Fixed Income to Equities

Pakistan’s market has returned 35 percent in both rupee and US dollar terms due to strong net inflows via local mutual f...

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News Update

22

Dec 2024

Dec 22, 2024 • 5 min read

New N Type Solar Panels That Produce 22% More Power Gain Popularity in Pakistan

Trinasolar Advanced n-type i-TOPCon Technology Gains Momentum in Pakistan with Successful Industrial Solar Projects. Tri...

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News Update

22

Dec 2024

Dec 22, 2024 • 5 min read

PM Forms Committee to Review Taxation Regime for Ex-FATA

The Prime Minister has constituted an 8-member committee to review the taxation regime for Newly Merged Districts, also...

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News Update

22

Dec 2024

Dec 22, 2024 • 5 min read

These Were the Top Performing Assets in Pakistan in 2024

Pakistan Equities outperformed major asset classes in 2024. The benchmark KSE 100 Index provided a gain of 75 percent (J...

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News Update

22

Dec 2024

Dec 22, 2024 • 5 min read

CCP Fines Three Karachi Dairy Associations for Manipulating Milk Prices

The Competition Commission of Pakistan (CCP) has imposed penalties on three dairy associations in Karachi for colluding...

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News Update

22

Dec 2024

Dec 22, 2024 • 5 min read

SECP Sets New Performance Benchmarks for Collective Investment Schemes

The Securities and Exchange Commission of Pakistan (SECP) has issued a direction to set standardized performance benchma...

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