News & Updates

News Update

17

Dec 2024

Dec 17, 2024 • 5 min read

Govt to Establish Land Port Authority After a Delay of 12 Years

After a delay of 12 years, the government has introduced a bill in the National Assembly to create a Pakistan Land Port...

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News Update

17

Dec 2024

Dec 17, 2024 • 5 min read

Pakistan Posts Highest-Ever Current Account Surplus in Nearly 10 Years in November 2024

Pakistan’s current account balance posted a surplus of $729 million in November 2024, according to data released by the...

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News Update

17

Dec 2024

Dec 17, 2024 • 5 min read

Faisalabad Seals Offices of 14 Illegal Housing Schemes

Faisalabad Development Authority sealed offices of 14 illegal private housing schemes and extensions in various parts of...

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News Update

17

Dec 2024

Dec 17, 2024 • 5 min read

FGEHA Terminates Agreement to Revive G-13 Housing Project

The Federal Government Employees Housing Authority (FGEHA) is ending its collaboration with a private construction firm...

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News Update

17

Dec 2024

Dec 17, 2024 • 5 min read

Cabinet Committee Discusses Utilization of Gwadar Port for Imports 

Federal Minister for Commerce Jam Kamal Khan Tuesday chaired Cabinet Committee meeting aimed at exploring the feasibilit...

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News Update

17

Dec 2024

Dec 17, 2024 • 5 min read

Govt Notifies PM’s High-Level Committee on Sugar Stock Monitoring

The government has notified the high-level committee constituted by Prime Minister Shehbaz Sharif tasked with developing...

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News Update

17

Dec 2024

Dec 17, 2024 • 5 min read

Gold Rate in Pakistan Falls Below Rs. 275,000 Per Tola Mark 

The price of 24 karat per tola gold decreased by Rs. 2,100 and was sold at Rs. 274,900 on Tuesday against its sale at Rs...

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News Update

17

Dec 2024

Dec 17, 2024 • 5 min read

PM Shehbaz Expects Rate Cut to Boost Investment

Prime Minister Muhammad Shehbaz Sharif on Tuesday said the central bank’s announcement of cut in the interest rate by 2%...

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News Update

17

Dec 2024

Dec 17, 2024 • 5 min read

Senate Standing Committee Raises Alarm Over WAPDA’s Poor Feedback on Recommendations and Major Losses

The Senate Standing Committee on Water Resources, chaired by Senator Shahadat Awan, convened on Tuesday to review pressi...

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News Update

17

Dec 2024

Dec 17, 2024 • 5 min read

IMF Agrees to Key Demands Regarding Sale of PIA

The International Monetary Fund (IMF) has agreed to demands for sales tax exemptions and the elimination of equity losse...

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News Update

17

Dec 2024

Dec 17, 2024 • 5 min read

World Bank Country Director Discusses Climate Risk Management Strategies to Mitigate Natural Disasters

The World Bank’s Country Director for Pakistan, Najy Benhassine emphasized the significance of developing and implementi...

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News Update

17

Dec 2024

Dec 17, 2024 • 5 min read

Pakistan’s Real Effective Exchange Rate Hits Seven-Month High in November 2024

Pakistan’s Real Effective Exchange Rate (REER) clocked in at 102.92 in November 2024, according to data issued by the St...

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News Update

17

Dec 2024

Dec 17, 2024 • 5 min read

Govt Creates New Dept to Fight Anti-State Agenda, Monitor Real-Time User Activity

The Prime Minister has approved the deployment of the Digital Communication Department. Funds will be utilized to create...

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News Update

17

Dec 2024

Dec 17, 2024 • 5 min read

NA Committe Reviews Digital Nation Pakistan Bill 2024 to Unify Pakistan’s Digital Systems

A meeting of the National Assembly Standing Committee on Information Technology took place to review the Digital Nation...

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News Update

16

Dec 2024

Dec 16, 2024 • 5 min read

FBR Suspends Several Officials for Helping Sugar Mills Evade Taxes

The Federal Board of Revenue (FBR) has issued suspension notification on suspension of nine Inland Revenue officials inv...

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News Update

16

Dec 2024

Dec 16, 2024 • 5 min read

PIDE Recommends 10% Electric Vehicles Target by 2030 in New EV Policy

The Pakistan Institute of Development Economics (PIDE) has recommended targeting 10% of all vehicles as electric vehicle...

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News Update

16

Dec 2024

Dec 16, 2024 • 5 min read

Rupee Falters Against US Dollar on Opening Day of New Week 

The Pakistani rupee (PKR) fell marginally against the US dollar (USD) in the inter-bank market on Monday.  At close of t...

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News Update

16

Dec 2024

Dec 16, 2024 • 5 min read

Bitcoin Hits Record High of $106,000 Amid Optimism Over Trump’s Pro-Crypto Policies

Bitcoin has reached a new all-time high, continuing a rally that has seen its price soar by more than 50% since Donald T...

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News Update

16

Dec 2024

Dec 16, 2024 • 5 min read

PIBTL Resumes Operations After Last Month’s Fire Incident 

The Pakistan International Bulk Terminal (PSX: PIBTL) has successfully resumed operations following last month’s fire in...

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News Update

16

Dec 2024

Dec 16, 2024 • 5 min read

Pakistan’s Remittances Surge Amid Illegal Dollar Trade Crackdown

Pakistan’s crackdown on illegal foreign exchange is showing signs of success, with remittances expected to reach a recor...

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News Update

16

Dec 2024

Dec 16, 2024 • 5 min read

Citi Pharma to Venture into Direct Marketing Sector 

Citi Pharma Ltd. (PSX: CPHL) is set to venture into the direct marketing sector starting January 1, 2025, by establishin...

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