News & Updates

News Update

19

Dec 2024

Dec 19, 2024 • 5 min read

Pakistan Needs Energy Transition Framework to Facilitate Phased Retirement of Coal Plants say Experts

The leading energy experts and economists underscored the urgent need for Pakistan to upscale its renewable energy solut...

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News Update

19

Dec 2024

Dec 19, 2024 • 5 min read

Pakistan Spent Rs. 430 Billion on Oil and Gas Exploration in Last 3 Years

The Senate Standing Committee on Petroleum, chaired by Senator Umar Farooq, held a meeting where petroleum officials pro...

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News Update

19

Dec 2024

Dec 19, 2024 • 5 min read

OGDC Commences Production from Kunnar West Well-3

Oil & Gas Development Company Limited (OGDCL) has successfully initiated production from Kunnar West Well-3, located in...

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News Update

19

Dec 2024

Dec 19, 2024 • 5 min read

Treet Battery Limited Announces Major Financial Restructuring and Capital Increase

Treet Battery Limited announced today that its Board of Directors has approved a plan to convert a significant portion o...

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News Update

19

Dec 2024

Dec 19, 2024 • 5 min read

FBR Announces Tariff Concessions on Import of Items from Azerbaijan 

The Federal Board of Revenue (FBR) has announced tariff concessions on the import of items under Pakistan Azerbaijan Pre...

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News Update

19

Dec 2024

Dec 19, 2024 • 5 min read

Pakistan, Iran Resolve to Strengthen Trade, Economic Ties

Prime Minister Shehbaz Sharif held a bilateral meeting with the Iranian President Masoud Pezeshkian on the sidelines of...

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News Update

19

Dec 2024

Dec 19, 2024 • 5 min read

Meezan Bank Shares Customer Cybersecurity Advisory After Denying Blames of Data Breach

Meezan Bank has issued a customer advisory addressing rumors circulating on social media about unauthorized charges on d...

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News Update

19

Dec 2024

Dec 19, 2024 • 5 min read

Rupee’s Recovery Proves Short-lived as it Weakens Further Against US Dollar  

The Pakistani rupee (PKR) managed to break a two-day losing streak on Wednesday but the recovery proved short-lived as i...

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News Update

19

Dec 2024

Dec 19, 2024 • 5 min read

Pakistan, Türkiye Set Sights on $5 Billion Bilateral Trade Target 

Prime Minister Mohammad Shehbaz Sharif held a bilateral meeting with the Turkish President Recep Tayyip Erdogan on the s...

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News Update

19

Dec 2024

Dec 19, 2024 • 5 min read

Gold Rate in Pakistan Registers Another Fall, Remains Slightly Below All-Time High 

The price of 24 karat per tola gold decreased by Rs. 2,600 and was sold at Rs. 273,300 on Thursday against its sale at R...

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News Update

19

Dec 2024

Dec 19, 2024 • 5 min read

Dollar Outflow Surges by 112% in First 5 Months of FY2024-25

Foreign investors in Pakistan have significantly increased their repatriation of profits and dividends, with a 112% surg...

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News Update

19

Dec 2024

Dec 19, 2024 • 5 min read

Pakistan’s Default Risk Plummets as CDS Spread Falls 93%

Spread on Pakistan’s CDS (Credit Default Swap) – insurance against credit default risk, has fallen to a low of 505 bps (...

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News Update

19

Dec 2024

Dec 19, 2024 • 5 min read

PSX Bloodbath Sees KSE-100 Index Lose 4,800 Points in Worst Ever Crash 

The Pakistan Stock Exchange (PSX) witnessed its worst ever day in history on Thursday as the benchmark KSE-100 index plu...

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News Update

19

Dec 2024

Dec 19, 2024 • 5 min read

State Life Insurance Launches Microinsurance to Aid Farmers and Their Families

In a move to strengthen the agriculture sector, the State Life Insurance Corporation of Pakistan (SLIC) and Fauji Fertil...

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News Update

19

Dec 2024

Dec 19, 2024 • 5 min read

SBP Reserves Remain Stable Above $12 Billion Level

The foreign exchange reserves held by the State Bank of Pakistan (SBP) increase by $32 million on a weekly basis accordi...

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News Update

18

Dec 2024

Dec 18, 2024 • 5 min read

Meezan Bank Denies Claims of Debit Card Data Breach

Several people online have reported unauthorized transactions on their Meezan Bank debit cards, claiming it to be a poss...

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News Update

18

Dec 2024

Dec 18, 2024 • 5 min read

Bears Haunt PSX as KSE-100 Index Suffers Worst Single-Day Drop in History 

Bears continued stampede at the Pakistan Stock Exchange (PSX) on Tuesday as the benchmark KSE-100 index plummeted by nea...

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News Update

18

Dec 2024

Dec 18, 2024 • 5 min read

Faysal Bank Limited Launches Faysal Islami Remittance Agahi Programme to Enhance Legal Remittance Awareness

Faysal Bank Limited (FBL), one of the country’s leading Islamic banks, launched the “Faysal Islami Remittance Agahi Prog...

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News Update

18

Dec 2024

Dec 18, 2024 • 5 min read

Around 20 Govt Offices Owe Rs. 200 Million in Dues to SNGPL

The Sui Northern Gas Pipelines Limited (SNGPL) has identified 20 major public sector entities, including Aiwan-e-Sadr, P...

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News Update

18

Dec 2024

Dec 18, 2024 • 5 min read

SECP Warns Against Misuse of eZfile Portal

The Securities and Exchange Commission of Pakistan (the Commission), in the exercise of its powers, hereby requires the...

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News Update

18

Dec 2024

Dec 18, 2024 • 5 min read

Pharaon Investment Considering Exit from Pakistan’s Cement Sector

Pharaon Investment Group Limited (Holding) S.A.L, Lebanon, the parent company of Attock Cement Pakistan Limited (ACPL) i...

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