News Update

12

Dec 2024

Dec 12, 2024 • 5 min read

Rupee Posts Losses for 3rd Successive Day Against US Dollar, Other Currencies

The Pakistani rupee (PKR) lost further ground 3rd day in a row against the US Dollar (USD) today after opening trade at...

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News Update

12

Dec 2024

Dec 12, 2024 • 5 min read

FPCCI Demands Level Playing Field for Export Finance Scheme for Local Industry

Federation of Pakistan Chambers of Commerce & Industry (FPCCI) President Atif Ikram has urged the federal government to...

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News Update

12

Dec 2024

Dec 12, 2024 • 5 min read

Govt to Increase Freight Margin on Petrol, Diesel by Rs. 2.5 Per Liter

The federal government has decided to temporarily raise the inland freight equalization margin (IFEM) by Rs. 2.5 per lit...

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News Update

12

Dec 2024

Dec 12, 2024 • 5 min read

FBR Gets Clearance Chit From Intelligence to Appoint and Re-shuffle Senior Officers

The Federal Board of Revenue (FBR) has received the required clearance chit from intelligence to post and transfer its s...

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News Update

12

Dec 2024

Dec 12, 2024 • 5 min read

Govt Raises Rs. 1,256 Billion Via T-Bills, Cut-Off Yields Down up to 100 BPS

The cut-off yields on Treasury Bills (T-Bills) went down by up to 100 basis points (bps) in the auction of the paper hel...

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News Update

12

Dec 2024

Dec 12, 2024 • 5 min read

Stock Brokers Association Asks PSX to Withdraw GDS Related Amendments

The Pakistan Stock Brokers Association has expressed serious reservations proposed amendments to the PSX Regulations con...

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News Update

12

Dec 2024

Dec 12, 2024 • 5 min read

Fashion Marketplace LAAM Raises $5.5 Million Led By Shark Tank Judge Faisal Aftab’s Zayn VC

Global revenues of the South Asian ethnic wear market are projected to reach $129 billion by 2030, with nearly $46 billi...

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News Update

12

Dec 2024

Dec 12, 2024 • 5 min read

PSX Shatters All Records And Crosses 113,000 Points Amid Record Rally

The Pakistan Stock Exchange (PSX) gained 2,671 points to surge to a new all-time high of 113,481 points on Thursday as c...

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News Update

12

Dec 2024

Dec 12, 2024 • 5 min read

Gold Rate in Pakistan Surges for Second Straight Day

The price of gold in Pakistan posted its second big increase of the week on Thursday after going up by Rs. 3,100 per tol...

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News Update

12

Dec 2024

Dec 12, 2024 • 5 min read

Energy Minister Urges Provinces to Clear Outstanding Electricity Dues

Federal Minister for Energy Sardar Awais Ahmed Khan Leghari has written letters to the chief ministers of all four provi...

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News Update

11

Dec 2024

Dec 11, 2024 • 5 min read

ADB Approves $200 Million Loan for Power Distribution Project in Pakistan

The Asian Development Bank (ADB) has approved a $200 million loan to modernize power distribution infrastructure in Paki...

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News Update

11

Dec 2024

Dec 11, 2024 • 5 min read

Development Spending Falls 21% Below Target in First 4 Months of FY25

Development expenditure in Pakistan has significantly decreased in the first four months of the current fiscal year. Fro...

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News Update

11

Dec 2024

Dec 11, 2024 • 5 min read

OGDC-Led JV Wins Bid for 49% Stake in Exploratory Block Located in KP

A Joint Venture (JV) led by Oil and Gas Development Company Limited (PSX: OGDC) has won the bid for a 49 percent stake i...

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News Update

11

Dec 2024

Dec 11, 2024 • 5 min read

NEPRA Conducts Public Hearing on K-Electric’s Rs. 68 Billion Write-Off Claims

The National Electric Power Regulatory Authority (NEPRA) today concluded its hearing on annual claims between FY17 and F...

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News Update

11

Dec 2024

Dec 11, 2024 • 5 min read

Only 1 in 5 Pakistanis Believe Country is Headed in Right Direction: Survey

Only 1 in 5 Pakistanis believe that the country is headed in the right direction with males and lower income groups more...

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News Update

11

Dec 2024

Dec 11, 2024 • 5 min read

Nauman Chughtai Appointed President and CEO MCB Bank

MCB Bank Limited (PSX: MCB) has appointed Muhammad Nauman Chughtai as President & CEO of the Bank. “The existing term of...

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News Update

11

Dec 2024

Dec 11, 2024 • 5 min read

MOL Celebrates 25 Years of Success in Pakistan

MOL Pakistan, a leading stakeholder in Pakistan’s energy sector celebrated its 25th anniversary of operations in the cou...

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News Update

11

Dec 2024

Dec 11, 2024 • 5 min read

FBR Issues Instructions for Duty, Tax Collection on Saturdays

The Federal Board of Revenue (FBR) has directed Chief Collectors of Customs to establish liaison with the State Bank of...

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News Update

11

Dec 2024

Dec 11, 2024 • 5 min read

World Bank Likely to Approve $240 Million Water Sanitation Project for Karachi Tomorrow

The World Bank’s Board of Executive Directors is likely to approve the “Second Karachi Water and Sewerage Services Impro...

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News Update

11

Dec 2024

Dec 11, 2024 • 5 min read

PSX Surges to All-Time High After Gaining Nearly 2,000 Points

The 100-Index of the Pakistan Stock Exchange (PSX) gained 1,913.57 points to close at an all-time high of 110,810.22 poi...

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News Update

11

Dec 2024

Dec 11, 2024 • 5 min read

PM Shehbaz to Launch New $1 Trillion Economic Transformation Plan on Friday

Prime Minister Shehbaz Sharif has approved the New Uraan Pakistan National Economic Transformation Plan 2024-2029, which...

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News & Updates

Rupee Posts Losses for 3rd Successive Day Against US Dollar, Other Currencies

FPCCI Demands Level Playing Field for Export Finance Scheme for Local Industry

Govt to Increase Freight Margin on Petrol, Diesel by Rs. 2.5 Per Liter

FBR Gets Clearance Chit From Intelligence to Appoint and Re-shuffle Senior Officers

Govt Raises Rs. 1,256 Billion Via T-Bills, Cut-Off Yields Down up to 100 BPS

Stock Brokers Association Asks PSX to Withdraw GDS Related Amendments

Fashion Marketplace LAAM Raises $5.5 Million Led By Shark Tank Judge Faisal Aftab’s Zayn VC

PSX Shatters All Records And Crosses 113,000 Points Amid Record Rally

Gold Rate in Pakistan Surges for Second Straight Day

Energy Minister Urges Provinces to Clear Outstanding Electricity Dues

ADB Approves $200 Million Loan for Power Distribution Project in Pakistan

Development Spending Falls 21% Below Target in First 4 Months of FY25

OGDC-Led JV Wins Bid for 49% Stake in Exploratory Block Located in KP

NEPRA Conducts Public Hearing on K-Electric’s Rs. 68 Billion Write-Off Claims

Only 1 in 5 Pakistanis Believe Country is Headed in Right Direction: Survey

Nauman Chughtai Appointed President and CEO MCB Bank

MOL Celebrates 25 Years of Success in Pakistan

FBR Issues Instructions for Duty, Tax Collection on Saturdays

World Bank Likely to Approve $240 Million Water Sanitation Project for Karachi Tomorrow

PSX Surges to All-Time High After Gaining Nearly 2,000 Points

PM Shehbaz to Launch New $1 Trillion Economic Transformation Plan on Friday

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