News & Updates

News Update

13

Dec 2024

Dec 13, 2024 • 5 min read

Govt Delays Launch of $1 Trillion Economic Transformation Plan

Prime Minister Shehbaz Sharif will not launch the New Uraan Pakistan National Economic Transformation Plan 2024-2029 tod...

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News Update

13

Dec 2024

Dec 13, 2024 • 5 min read

Islamic Banking Deposits Climb to Rs. 7.4 Trillion

The Deposit Protection Corporation (DPC) has announced the release of its fourth Annual Report for the fiscal year ended...

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News Update

13

Dec 2024

Dec 13, 2024 • 5 min read

World Bank Approves $240 Million Water Sanitation Project for Karachi

The World Bank approved $240 million in financing for the Second Karachi Water and Sewerage Services Improvement Project...

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News Update

13

Dec 2024

Dec 13, 2024 • 5 min read

World Bank Moderately Satisfied With $425 Million Transmission Modernization Project

The World Bank has rated the implementation of ‘National Transmission Modernization Project’ of $425 million as moderate...

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News Update

13

Dec 2024

Dec 13, 2024 • 5 min read

Gold Rate in Pakistan Posts Huge Loss Eroding Earlier Gains

The price of gold in Pakistan posted a massive decline on Friday after posting major gains in the last two days.  Accord...

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News Update

13

Dec 2024

Dec 13, 2024 • 5 min read

OGDC Finds More Gas and Condensate in KP

Oil & Gas Development Company Limited (PSX: OGDC) has made a gas and condensate discovery in the Samanasuk formation, an...

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News Update

13

Dec 2024

Dec 13, 2024 • 5 min read

InfraZamin Pakistan and Saudi Pak Co Sign PKR 1.28 Billion Renewable Energy Deal with Acumen Energy for 11.5 Years

InfraZamin Pakistan, Saudi Pak Industrial and Agricultural Investment Co Ltd. signed a landmark transaction to provide a...

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News Update

13

Dec 2024

Dec 13, 2024 • 5 min read

PSX Ends Week at All-Time High After Range-Bound Session 

The benchmark KSE-100 index of the Pakistan Stock Exchange (PSX) gained 121.30 points on Friday to close at an all-time...

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News Update

13

Dec 2024

Dec 13, 2024 • 5 min read

Rupee Ends Losing Streak Against US Dollar, Gives British Pound a Beating

The Pakistani rupee (PKR) ended the week reversing its 3-day losing streak against the US Dollar (USD) today after openi...

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News Update

13

Dec 2024

Dec 13, 2024 • 5 min read

PSX to Launch Cash-Settled Futures to Boost Market Liquidity

The Pakistan Stock Exchange (PSX) plans to introduce cash-settled futures and options, with testing set for March 2025,...

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News Update

13

Dec 2024

Dec 13, 2024 • 5 min read

Supreme Court Rules in Favor of Foreign Software Company Operating in Pakistan in Double Taxation Case

A review bench of the Supreme Court of Pakistan has given a decision in favor of computer companies and declared that th...

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News Update

13

Dec 2024

Dec 13, 2024 • 5 min read

PM Sharif, Tajik Minister Discuss Regional Connectivity Projects, CASA-1000 

Energy Minister of Tajikistan Daler Jumma Friday called on Prime Minister Shehbaz Sharif at the PM House and discussed m...

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News Update

13

Dec 2024

Dec 13, 2024 • 5 min read

Roshan Digital Account Inflows Come in at $186 Million in November 2024 

Gross foreign exchange inflows through the Roshan Digital Accounts (RDAs) stood at $186 million in November 2024, compar...

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News Update

13

Dec 2024

Dec 13, 2024 • 5 min read

CCP Approves Naubahar Bottling Company’s Acquisition of JK Sugar Mills 

The Competition Commission of Pakistan (CCP) has approved the acquisition of assets of JK Sugar Mills (Private) Limited...

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News Update

13

Dec 2024

Dec 13, 2024 • 5 min read

Weekly Inflation Inches up Slightly as Food Prices Post Increase  

The Sensitive Price Index (SPI)-based inflation for the week ended December 12, 2024, increased by 0.07 percent due to i...

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News Update

13

Dec 2024

Dec 13, 2024 • 5 min read

Mari Petroleum Overtakes OGDC as Most Valuable Company on PSX 

Mari Petroleum Company Limited (PSX: MARI) has surpassed Oil & Gas Development Company Limited (PSX: OGDC) to become the...

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News Update

13

Dec 2024

Dec 13, 2024 • 5 min read

PM Directs Further Reduction in Electricity Tariff, Orders Shutting Down Outdated Plants 

Prime Minister Shehbaz Sharif Friday directed the relevant authorities to further reduce power tariffs and expedite the...

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News Update

13

Dec 2024

Dec 13, 2024 • 5 min read

Govt Eyes Bringing PayPal and Creating Other Payment Methods to Enhance IT Export Remittances

Federal Minister for Finance and Revenue Muhammad Aurangzeb chaired a high-level meeting of the Prime Minister’s Committ...

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News Update

13

Dec 2024

Dec 13, 2024 • 5 min read

National Adoption of Digital Payments Will Create 4 Million Jobs, Add $263 Billion in Deposits: Report

The national adoption of digital payments could not only reduce the size of the informal and cash economy but it will en...

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News Update

13

Dec 2024

Dec 13, 2024 • 5 min read

Only 38,000 Out of 23 Lac Freelancers Have Bank Accounts

Pakistan is home to over 2.3 million freelancers out of which just 38,000 have bank accounts. This was revealed during a...

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News Update

13

Dec 2024

Dec 13, 2024 • 5 min read

Govt Officers on PTCL Board Entitled to Just Rs. 1 Million Per Year Salary: IT Minister

The Senate of Pakistan was informed that government officials serving as members of the Board of Directors (BoG) of Paki...

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