News & Updates

News Update

10

Dec 2024

Dec 10, 2024 • 5 min read

Profit Rates on National Savings Schemes Decreased

The federal government has revised the rates of profit on National Savings Schemes down by up to 250 basis points with e...

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News Update

10

Dec 2024

Dec 10, 2024 • 5 min read

SBP Cancels License of Al-Hameed International Money Exchange

The State Bank of Pakistan (SBP) has cancelled the authorization/ license issued to Al-Hameed International Money Exchan...

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News Update

10

Dec 2024

Dec 10, 2024 • 5 min read

Fatima Fertilizer’s Board Approves Demerger Plan with Pakarab Fertilizers 

The Board of Directors of Fatima Fertilizer Company Limited (PSX: FATIMA) has approved the Scheme of Compromises, Arrang...

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News Update

10

Dec 2024

Dec 10, 2024 • 5 min read

FBR Issues List of 34 Banks to Work as Withholding Agents

The Federal Board of Revenue (FBR) has declared 34 banks as withholding agents for the purpose of deduction and collecti...

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News Update

10

Dec 2024

Dec 10, 2024 • 5 min read

PSX to Suspend Trading in FFBL Shares on December 23rd

Trading in the shares of Fauji Fertilizer Bin Qasim Limited (FFBL) will be suspended w.e.f. Monday, December 23, 2024, f...

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News Update

10

Dec 2024

Dec 10, 2024 • 5 min read

Ghandhara Tyre to Set up JV With Chinese Company to Make Radial Tyres

Ghandhara Tyre and Rubber Company Limited (PSX: GTYR) has entered into a non-binding Memorandum of Understanding with Sh...

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News Update

10

Dec 2024

Dec 10, 2024 • 5 min read

TRG’s Afiniti Completes Comprehensive Restructuring to Secure its Financial Position

TRG Pakistan Limited has been informed by its associate The Resource Group International Limited (PSX: TRG) that TRGI po...

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News Update

10

Dec 2024

Dec 10, 2024 • 5 min read

Cash in Circulation Declines By Rs. 110 Billion in Just A Week

Cash holdings in Pakistan have recorded a substantial decrease of Rs. 110 billion in the week that ended on 29 November...

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News Update

10

Dec 2024

Dec 10, 2024 • 5 min read

SECP Appellate Bench Handled 314 Appeals During 2024 So Far 

The Securities and Exchange Commission’s (SECP) Appellate Bench, an apex quasi-judicial Appellate forum, has managed 314...

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News Update

10

Dec 2024

Dec 10, 2024 • 5 min read

Rupee Once Again Devalues Against US Dollar After Yesterday’s Increase

The Pakistani rupee (PKR) again fell against the US Dollar (USD) today after opening trade at 278 in the interbank marke...

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News Update

10

Dec 2024

Dec 10, 2024 • 5 min read

84 Pakistani Textile Mills Added to Defaulters’ List

The International Cotton Association (ICA) has placed 84 Pakistani textile mills on its defaulter’s list and stopped the...

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News Update

10

Dec 2024

Dec 10, 2024 • 5 min read

FBR Issues Clarification Regarding Amendments to Baggage Rules 

The Federal Board of Revenue (FBR) Tuesday issued a clarification pertaining to proposed amendments to Baggage Rules.  I...

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News Update

10

Dec 2024

Dec 10, 2024 • 5 min read

FBR Removes New Baggage Rule on Items Worth Over $1200 From Website After Pressure

The Federal Board of Revenue (FBR) has removed Baggage Rules 2006 amendments from its website after facing back-breaking...

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News Update

10

Dec 2024

Dec 10, 2024 • 5 min read

Current Govt Employees Should be Included in Contributory Pension System: IMF

The International Monetary Fund (IMF) has urged the federal government to include currently serving employees in the con...

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News Update

10

Dec 2024

Dec 10, 2024 • 5 min read

Pakistan Airforce to Purchase PIA Engineering Unit for Cheap

The federal government has decided to sell the Precision Engineering Complex (PEC), a business unit of Pakistan Internat...

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News Update

10

Dec 2024

Dec 10, 2024 • 5 min read

Cabinet Gives Nod to Eight IPPs Settlement Agreements to Cut Electricity Tariff 

The Federal Cabinet in its meeting, with Prime Minister Shehbaz Sharif in the chair, on Tuesday approved settlement agre...

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News Update

09

Dec 2024

Dec 09, 2024 • 5 min read

National Bank Reveals New President’s Massive 7-Digit Monthly Salary

The board of the National Bank of Pakistan (NBP) has approved a significant increase in the salary and benefits package...

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News Update

09

Dec 2024

Dec 09, 2024 • 5 min read

Buyer Delays Acquisition of 50% Stake in Bela Automotives

Adam Securities Limited, on behalf of its client Amir Noman has announced that the buyer has delayed the acquisition of...

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News Update

09

Dec 2024

Dec 09, 2024 • 5 min read

PSX Stays Bullish, Gains Over 900 Points 

The 100-Index of the Pakistan Stock Exchange (PSX) witnessed bullish trend on Monday, gaining 916.44 more points, a posi...

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News Update

09

Dec 2024

Dec 09, 2024 • 5 min read

AVM Amir Hayat Ends Tenure as CEO of PIA Holding Company

AVM Muhammad Amir Hayat has ceased to be the Chief Executive Officer of PIA Holding Company Limited (PSX: PIAHCLA) w.e.f...

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News Update

09

Dec 2024

Dec 09, 2024 • 5 min read

Transport Supervisor Fired After Buying Tampered Tyres for PM’s Mercedes

The cabinet division has terminated one official from their job for allegedly procuring tampered tyres for Prime Ministe...

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