News & Updates

News Update

07

Dec 2024

Dec 07, 2024 • 5 min read

Prime Minister Orders National Bank President to Return Money Used on Foreign Trip

The Prime Minister of Pakistan has directed the recovery of Rs. 7 million from the President of the National Bank of Pak...

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News Update

06

Dec 2024

Dec 06, 2024 • 5 min read

Govt Mulls Other Ways to Tax Bank Profits from Investment in Govt Securities

In an extraordinary development, the government has decided to implement alternate fiscal schemes to tax bank profits ac...

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News Update

06

Dec 2024

Dec 06, 2024 • 5 min read

PSX Gains Over 800 Points to Surge Past 109,000 Level 

The benchmark KSE-100 index of the Pakistan Stock Exchange (PSX) gained 814.99 points on Friday to close at an all-time...

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News Update

06

Dec 2024

Dec 06, 2024 • 5 min read

Gold Rate in Pakistan Falls Below Key Level as International Prices Fall 

The price of gold in Pakistan fell on Friday to slip below the Rs. 275,000 per tola barrier.   According to data issued...

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News Update

06

Dec 2024

Dec 06, 2024 • 5 min read

Islamabad, Lahore, and Karachi Airports to be Outsourced Soon

Ahsan Iqbal, the Minister for Planning, Development, and Special Initiatives, chaired a progress review meeting with the...

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News Update

06

Dec 2024

Dec 06, 2024 • 5 min read

Saif Power Limited Approves Switch to Hybrid Take and Pay Model 

The Board of Directors of Saif Power Limited (PSX: SPWL) has approved to revise tariff proposed by the Task Force consti...

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News Update

06

Dec 2024

Dec 06, 2024 • 5 min read

Rupee Depreciates Against US Dollar for Third Straight Day 

The Pakistani rupee (PKR) closed in red for the third straight day against the US Dollar (USD) on Friday.  The PKR depre...

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News Update

06

Dec 2024

Dec 06, 2024 • 5 min read

Dewan Forooque Motors Denies Claims of Rs.1 Billion Default

Dewan Farooque Motors Limited (DFML) has refuted a social media claim alleging a default of over Rs. 1 billion. The comp...

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News Update

06

Dec 2024

Dec 06, 2024 • 5 min read

FBR Imposes Huge Tax on Wedding Ceremonies 

The Federal Board of Revenue (FBR) has imposed a withholding tax on wedding halls, a step that is likely to make marriag...

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News Update

06

Dec 2024

Dec 06, 2024 • 5 min read

Engro Partners with VEON’s Jazz to Expand Pakistan’s Digital Connectivity

Engro Corporation is pleased to announce a strategic partnership with Pakistan Mobile Communications Limited (“Jazz”) an...

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News Update

06

Dec 2024

Dec 06, 2024 • 5 min read

Pakistani Banks Score Poorly in Latest Fair Finance Asia Report

Asian banks, including those in Pakistan, have scored poorly on engagement and accountability mechanisms according to th...

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News Update

06

Dec 2024

Dec 06, 2024 • 5 min read

Weekly Inflation Decreases as Food Prices Fall

The Sensitive Price Index (SPI)-based inflation for the week ended December 5, 2024, decreased by 0.34 percent due to a...

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News Update

06

Dec 2024

Dec 06, 2024 • 5 min read

Pakistan’s Foreign Exchange Reserves are Improving: Finance Minister

Federal Finance Minister Muhammad Aurangzeb consulted stakeholders regarding loan matters in a recent meeting. Foreign e...

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News Update

06

Dec 2024

Dec 06, 2024 • 5 min read

Govt Asks China to Develop Two Model Industrial Zones in Pakistan 

Planning Minister Ahsan Iqbal Friday said China has been requested to develop two model industrial zones in Pakistan on...

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News Update

05

Dec 2024

Dec 05, 2024 • 5 min read

Pakistan’s Central Govt Debt Decreases by Rs. 456 Billion in October 2024

The total public debt stock of the federal government increased by 10.6 percent on a year-on-year (YoY) basis in October...

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News Update

05

Dec 2024

Dec 05, 2024 • 5 min read

MCPL to Buy 50% Hubco’s Associated Company to Strengthen Business Venture With China’s BYD

Hub Power Holdings Limited (HPHL), a wholly owned subsidiary of The Hub Power Company Limited (PSX: HUBC), has entered i...

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News Update

05

Dec 2024

Dec 05, 2024 • 5 min read

IT Minister Claims Talks Underway to Bring Starlink to Pakistan

Minister of State for IT and Telecommunication Shaza Fatima Khawaja on Thursday informed the Senate Standing Committee o...

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News Update

05

Dec 2024

Dec 05, 2024 • 5 min read

Supreme Court Withdraws Order Barring Govt from Privatizing PIA

The Supreme Court has withdrawn its earlier order of barring the government from privatization of the national flag carr...

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News Update

05

Dec 2024

Dec 05, 2024 • 5 min read

Rupee/$ Should Be Rs. 211 But IMF Prevents it: Tax Firm

Tax advisory firm Tola Associates claims the International Monetary Fund’s (IMF) market-based exchange rate policy has o...

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News Update

05

Dec 2024

Dec 05, 2024 • 5 min read

Rupee Closes in Red 2nd Day in a Row Against US Dollar As Uncertainty Mounts

The Pakistani rupee (PKR) closed in red second day in a row against the US Dollar (USD) today after opening trade at 279...

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News Update

05

Dec 2024

Dec 05, 2024 • 5 min read

NEPRA Notifies Hike in Electricity Tariff for First Quarter of FY25 

The National Electric Power Regulatory Authority (NEPRA) on Thursday notified around 20 paisa per unit increase in power...

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